Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

The Yahoo Repo

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And you thought bad security didn’t cost your business anything to the downside?

A few months ago Verizon was posing the question “Should we Yahoo!?” and the answer was a resounding “Yes We Should!”

But after yesterday’s report of another Yahoo! hacking incident, this time dating back to 2013 and involving as many as 1 billion user accounts, the answer is quite different.

Bloomberg is reporting that Verizon is looking for either a price cut (“Hacker’s Discount!”) or even a “possible exit” from the $4.83 billion pending acquisition.

Yahoo shares have fallen as much as 6.5 percent since the news broke of the latest hack.

Me, I stopped Yahooing the first time around, going so far as to completely delete my Yahoo! account (one, by the way, I’d probably had for going on 17 years!)

(See IBM’s cognitive security to learn how you can prime your company’s digital immune system.)

In other breaking tech news and also from Bloomberg, VC-backed unicorn and developer-can’t-live-without coding platform, GitHub, lost $66M in nine months over 2016.

GitHub received a $250M funding round by Sequoia Capital in 2015, but has apparently been burning through cash as fast as developers can create new repos.

And seemingly straight outta the HBO show, “Silicon Valley,” GitHub’s San Fran HQ apparently has a lobby modeled after the White House’s Oval Office, which in turn leads to a replica of the Situation Room.

Let’s hope they won’t be needing to go to DefCon 4 anytime soon — the software development world would likely come to a screeching halt if GitHub were to head south.

If only they could just commit!

{{IF you think that was a bad joke, THEN I’ve got plenty more where that one came from.}}

Written by turbotodd

December 15, 2016 at 4:16 pm

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