Last Thursday, when AMZN stock - currently trading at some ridiculous four or more digit P/E multiple - made its latest spurt higher, we reported that as a result of the move, Jeff Bezos was now richer than Warren Buffett and fast approaching Bill Gates.
While not surprising - her departure had been floated previously - moments ago ReCode confirmed that Yahoo CEO Marissa Mayer "will not be continuing with the new company that was announced today prematurely in a tweet by AOL CEO Tim Armstrong today."
Perhaps what is more surprising is the name of said pro forma company, which according to Kara Swisher will be called "Oath", and will be headed by Armstrong.
What a difference a year makes: not that long after Apple was considering the acquisition of Imagination Technologies, overnight the shares of the UK-based chip designer imploded, crashing as much as 69% after the company announced Apple - its largest customer which accounts for half of its revenue - will stop using its intellectual property in new products, setting the stage for a clash with its biggest customer.
The global cyberwarfare scare washed ashore the British isles this weekend after UK nuclear power stations and airports were told to tighten defenses against terrorist attacks in the face of increased threats to electronic security systems, after intelligence agencies concluded terrorists could plant explosives in laptops and mobile phones that won’t be caught by normal security screenings.
The Telegraph reports that British security services issued a series of alerts in the past 24 hours, warning that "terrorists may have developed ways of bypassing safety checks."
Authored by James Holbrooks via TheAntiMedia.org,
“At its core was a question: do we want to be as connected to our foreign policy as we are to our smartphones? My hypothesis was no. Americans don’t care about the drone war because it is largely hidden from view.”