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  • Yahoo to reorganize consumer-commerce division May 18, 2012
    Following the leaving of former CEO Scott Thompson, Yahoo will reorganize under interim CEO Ross Levinsohn, folding its consumer-commerce division back into its global media team where it was previously housed, said Dana Lengkeek, senior director of corporate communications at the company. […]
  • Facebook IPO goes public, company faces new challenges May 18, 2012
    Facebook shares began trading on US stock exchange NASDAQ today at 11:30am EST at $42.25, raising $16 billion and making it one of the largest tech initial public offerings (IPO). The share price was $4.25 higher than the $38 pricing Facebook announced yesterday May 17 for its IPO. However, the stock closed at $38.23. […]