Yahoo Inc’s revenues may drop by 15 percent for 2016 year, while earnings are also predicted to tumble 20 percent. The global internet company is expected to slash jobs by 1,500 to 9,000 in 2016.
San Francisco, US-based cloud storage giant Dropbox has raised $500 million in a debt funding reportedly led by JP Morgan for the construction of its new data centers, according to a source familiar with the situation.
Yahoo boss Marissa Mayer is considering building a streaming video platform within the next few months to take on YouTube and to gain higher revenue that video ads will be able to bring to the company.
Antoine Leblond, a longtime executive for Windows and Office, is leaving Washington, US-based software giant Microsoft on Monday to explore his opportunities outside of the firm.
Boston, US-based digital currency firm Circle Internet Financial closed a $17-million Series B round from Oak Investment Partners and other investors to help consumers conduct easier and safer Bitcoin transactions.
Social media giant Facebook acquired California, US-based virtual reality headset maker Oculus VR in a deal valued at $2 billion to help the startup expand beyond non-gaming applications of its technology.
Boston, US-based enterprise data management startup Actifio scored $100 million in its Series B funding led by Tiger Global Management for its expansion with its valuation now reaching $1.1 billion.
Boston, Massachusetts-based cable television firm Layer3 TV raised $21 million in a Series A funding round led by North Bridge Venture Partners and Evolution Media Growth Partner.
San Francisco, US-based startup ClassDojo bagged $8.5M in its first institutional funding round to develop its mobile platform that provides an easier way of managing and monitoring the behavior of students inside the classroom.
Redmond, US-based software giant is losing two of its top executives: Former Skype chief Tony Bates and marketing head Tami Reller, according to a report by tech news site Re/code.
Menlo Park, US-based fitness startup GOQii is helping people stay motivated with their healthy endeavors by combining its fitness wristband with human coaches who will provide advice and help them set their health objectives.
Boston, US-based app maker Spritz said it will launch its app that will make reading easier on small devices on the soon-to-come smartphone Galaxy S5 and smartwatch Gear 2 of South Korean electronics giant Samsung.
Washington, US-based e-commerce giant Amazon is scheduled to launch its Android-run TV set-top box in March to gain traction over some of its rivals in the digital media sector, according to a report by Re/Code.
US-based search giant Google acquired London, UK-based anti-malware for online advertisers Spider.io for an undisclosed amount to prevent online advertising fraud and detect attacks from malware-infected computers.
Pennsylvania, US-based age verification startup AgeCheq picked up $1 million in a Series A funding round to ramp up its effort in helping app and game developers comply with federal requirements and standards.