• Yahoo Plans Bloodbath As Profit Falls 64% by Mark Walsh

    Battered by the slumping economy and its failed merger with Microsoft, Yahoo Tuesday announced plans to reduce its workforce by at least 10% while reporting a 64% drop in profit on slowing online ad spending. Rumored in recent days, the layoffs will eliminate at least 1,500 jobs by year's end, with more possibly to come in 2009. The staff cuts are part of broader cost-cutting moves undertaken by Yahoo aimed at reducing costs by $400 million annually. ...Read the whole story

  • search Quintura's Search Widget Takes On Competition by Laurie Sullivan

    Little-known Quintura, which the U.S. Patent and Trademark Office granted a patent to last week, makes its official launch into the U.S. market Wednesday with a lineup of impressive publishers testing the tool. The search widget goes up against similar rivals Eurekstr, Lijit, Searchme, and another more successful competitor geared toward the enterprise market, Google. Supporting the company's efforts is patent No. 7,437,370 B1, a search engine graphical interface that uses maps, images and neural networking technology on the back end. The patent, submitted last year, was granted on Oct. 14. ...Read the whole story

  • email AOL User Sues Over Ads In E-mail by Wendy Davis

    A California resident has sued AOL for inserting "annoying, confusing, intrusive and misleading" ads in his e-mail. In a complaint filed in federal district court in Los Angeles, AOL subscriber Frank Cecchini alleges that his e-mails shouldn't contain ads because he pays the Internet company $25.90 a month for his account. ...Read the whole story

  • mobile AdMob Receives $15.7 Million Funding From Sequoia by Mark Walsh

    Mobile ad network AdMob has raised $15.7 million in a third round of funding led by Sequoia Capital's Growth Fund. The funding is a vote of confidence by Sequoia, which recently made a widely reported presentation to portfolio company CEOs warning of the dire consequences of the financial and economic crisis for inefficiently run Internet startups. But Sequoia partner Jim Goetz sounded a more positive note in a statement announcing the AdMob funding. ...Read the whole story

  • Akamai Drops $95 Million For Ad Network Acerno by Gavin O'Malley

    Content delivery giant Akamai Technologies has reached an agreement to acquire ad network acerno for $95 million in cash. With the approval of acerno's stockholders, the deal is expected to close later this quarter, the companies said Tuesday. "Our investment in developing the Advertising Decision Solutions line over the past two years and acquiring acerno today, represent a strategic next step for Akamai," said Paul Sagan, president and CEO of Akamai. ...Read the whole story

  • Study: Teens Join Boomers In Searching Health Issues Online by Gavin O'Malley

    Think it's only baby boomers visiting health and wellness resources online? Not according to a study that shows over 50% of young people ages 13-24 are accessing health and wellness information on the Internet. Youth are also using confessional sites and posting anonymously on message boards to get personal advice more often than traditional support services such as phone hotlines. ...Read the whole story

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