Private equity firm Apollo Global Management this morning announced that it has completed its acquisition of Yahoo (formerly known as Verizon Media Group, itself formerly known as Oath) from Verizon. The deal is worth $5 billion, with $4.25 billion in cash, plus preferred interests of $750 million. Verizon will be retaining 10% of the newly […]
Creators can now monetize their expertise on Quora
In May, Yahoo! Answers shut down after helping the internet answer its most burning questions since 2005. But now, Quora, which began as a question-and-answer site but expanded to incorporate blogging, is making its platform more appealing to creators. Quora says it’s “on track to be cash flow positive from ads alone,” implying that the platform […]
Robinhood is now a stonk
The wild swing in the price of Robinhood today appears from our vantage point to be another stonk moment.
Big tech companies are at war with employees over remote work
CEOs want workers back at their desks. Employees and the virus have other plans.