Topic: SEC
Yahoo reportedly under investigation by SEC over data breaches | VentureBeat (Jan 23, 2017)
The only Yahoo stories I’ve covered here on Tech Narratives so far are those concerning the breaches and subsequent fallout, which is a great indicator of Yahoo’s current state – the only news it’s capable of making is negative, with no meaningful new features or products produced in recent months, while the damage from the breaches continues to reverberate, with a formal SEC investigation just the latest step. Verizon seems to be leaning towards completing its acquisition despite all this, but at the very least should secure a significant discount in the price it will pay as a result of all this. Though the user fallout will be far less severe than the negative press coverage, Verizon will still have to deal with all the ongoing ripple effects of the breaches, and that’s worth a significant cut in the acquisition price.
via Yahoo reportedly under investigation by SEC over data breaches | VentureBeat (full coverage on Techmeme)