Rediff posts loss again; We are losing count here. Seriously, ...

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David Karp sold his Tumblr blogging service to Yahoo last week for $1.1 billion. The school dropout had realised as far back as 2000 that video would one day rule gadgets. When David Karp was 14, he was clearly a bright teenager. Quiet, somewhat reclusive, bored with his classes at the Bronx High School of Science. He spent most of his free time in his bedroom, glued to his computer. But instead of trying to pry him away from his machine or coaxing him outside to get some fresh air, his ...

Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid said.Yahoo just this week announced a $1.1 billion acquisition of blogging service Tumblr. It now joins rival bidders for Hulu, including Time Warner Cable Inc, DirecTV, former News Corp president Peter Chernin and Guggenheim Digital Media, sources have said.It is unclear how much the Internet company ...

The online photo sharing space is in for a dogfight between Yahoo!'s Flickr and Google-promoted Picasa.Yahoo! fired the first salvo when Flickr revamped its look and feel, while offering each user one terabyte of free storage space.It also launched a new Android app for phones and tablets in 10 languages.In a statement, Yahoo! touted it as "a lifetime of photos all in one place". One terabyte of storage would mean room for 537,731 photos in full original quality, the company said.Yahoo! chief ...

Yahoo Inc's first quarter revenue fell short of Wall Street targets, as the Internet company continued to feel the effects of declining traffic to its Web properties and of falling display advertising sales, sending its shares down more than 4 per cent.Yahoo Chief Executive Marissa Mayer said the company's plan to reverse the trend and restore the one-time Web powerhouse to its former glory was on track and would start showing results in the second half of the year. But she repeated previous ...

In her nearly two-year stint at Yahoo!, Marissa Mayer has made headlines thrice - when at 37, she became the youngest CEO of a Fortune 500 company; when she joined office within two weeks of becoming a mother; and when she banned work-from-home for all employees in February. Click NEXT to read ...

Yahoo Inc is in talks to acquire a controlling stake in Dailymotion, one of the world's most popular online video websites, in what would be Yahoo CEO Marissa Mayer's largest deal since taking the reins in July, the Wall Street Journal reported on Tuesday.Yahoo could purchase as much as 75 percent of Dailymotion, which is owned by French telecommunications firm France Telecom-Orange, according to the newspaper report, which cited anonymous sources.Dailymotion could be valued at roughly $300 ...

United States President Barack Obama on Friday strongly defended sweeping secret surveillance into telephone records of millions of Americans and foreigners' Internet use, as he assured people that intelligence agencies were not listening to their calls. "When it comes to telephone calls, nobody is listening to your telephone calls. That's not what this programme's about," Obama said in response to a question at a public meeting in California where he is travelling. Defending his ...

Employees need not be glued to their desktops at work. They could be sitting in different countries, but working on the same project by creating presentations, sharing documents or even editing them in real time with the help of cloud-based or ...