Yahoo’s board of directors fired CEO Carol Bartz on Tuesday appointing Yahoo Chief Financial Officer Tim Morse as an interim CEO until a replacement for the former CEO will be hired.

Yahoo CEO Carol Bartz has been fired by the company’s board of directors on Tuesday. Image: Yodel Anecdotal / Flickr (CC)

The news was first reported by All Things Digital and later confirmed from a leaked memo Bartz wrote from her iPad addressed to Yahoo employees.
Here’s the full text of the memo, …

Japanese telecom firm Softbank revealed on Friday that it will be unloading almost its entire 4 percent stake in Yahoo! to Citibank as payment for a loan it received from the financial institution.

Softbank will transfer almost all of its 4 percent stake in Yahoo! to Citibank as payment for a 2004 loan. Image: MJ/TR (´･ω･) / Flickr (CC)

According to reports from the Agence France-Presse and Reuters, the transfer of the said stake to Citi will be to repay a $1.135 billion loan Softbank …

ComScore released data Friday that social networking giant Facebook and micro-blogging website Twitter attracted a record number of visits last month.
 

Facebook, Twitter break visitors records in July

In July 2011, Facebook was the fourth most visited website in the United States, with 162,078 unique visits, up from 160 million in June and 157 million in May. The increase in unique visitors in July 2011 is 11 percent compared to the 145 million in July 2010.
 
Twitter was the 34th …

Yahoo search is quite popular in Japan, and third in the country mobile operator SoftBank is the largest shareholder of Yahoo Japan. It won’t come as a surprise that in September SoftBank subscribers can purchase the theme smartphone by the name of Yahoo Phone. The smartphone runs on Android platform, which is a bit strange, because Google and Yahoo are considered to be direct competitors.
In fact, it is not a specially designed device, but a re-branded SoftBank AQUOS 009SH, manufactured by …

Beginning this week, Yahoo and Facebook are working together to test the theory born in the 1960’s that there are only six degrees of separation between anyone on the planet.
 

Yahoo and Facebook testing six degrees theory

Social Psychologist Stanley Milgram’s “Small World” 1960’s experiment, which was based on a small number of letters reaching their intended recipients, showed people how they were interconnected with everyone in the world.   But Milgram’s study was …

Yahoo! And Bing have higher search success rates than their market share-dominant rival Google, a new report from Experian Hitwise reveals.

Bing and Yahoo! have higher search success rates than Google according to July analytics from Experian Hitwise. Image: Danard Vincente / Flickr (CC)

The metric measures the percentage of people searching on these search engines and clicking on one of the displayed links in the search result.
According to Experian Hitwise, Yahoo! had a search success rate …

ComScore, the “global leader in measuring the digital world”, released its latest data on the U.S. search market this week and it showed that in July, Bing maintained its 14.4 percent share, Yahoo’s increased somewhat by .2 percent to 16.1 percent, and Google fell .4 percent to 65.1 percent.
 

Bing's search share remains at 14.4 percent

Google clocked a total of 11.2 billion searches in July, 2 percent higher than June, Yahoo took 2.8 billion, 4 percent higher, and total …

 
Google Search, the world’s most used Web search engine, has fallen behind Microsoft’s Bing in terms of accuracy, Web analytics firm Experian Hitwise reported.
According to a press release from Experian Hitwise for July, Microsoft’s Bing, with 12.98 percent share (excluding the 28.05 percent for Bing-powered search), lagged Google Search, which cleared 66.05 percent share of the U.S. search engine market and reestablished the Mountain View-based company’s dominance in the …

Which? Computing, a prominent consumer watchdog group, has slammed Yahoo for spying on its user’s emails in order to help sell advertizing.  Sarah Kidner said their policy is a “blatant intrusion of privacy”.  Yahoo defended its service explaining that it helps block out spam and will later be used to offer advertizing the user will be interested in.
 

Yahoo accused of email snooping

A Yahoo! spokesperson explained how the scanning technology will be used: “To look for keywords …

The New York State Police computer forensics lab is analyzing a zipped file that is contained in an email, circulating mainly through Yahoo email accounts, that contains a fake traffic ticket that purports to be from the New York Department of Motor Vehicles.
 

yahoo ticket hoax email

The fake traffic ticket contains a description of the alleged traffic offense as well as a time and date, and directs the recipient to open an attached zip file, which contains a virus.  New York State …