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Facebook hires Anand Chandrasekaran Ex-Yahoo Executive for FB Messenger

Anand Chandrasekaran

Facebook has hired Mr. Anand Chandrasekaran who was a former Executive at Yahoo Inc., Snapdeal and Bharati Airtel Ltd. On hiring Anand, this will help Facebook in developing the strategies for the Facebook Messenger Application. As per the sources and reports mentioned on Monday.

In the month of May, Chandrasekaran has quit Snapdeal, and this was widely believed that he would opt for entrepreneurship. Instead of this, he will join Facebook at Menlo Park office in the United States.

Mr. Anand Chandrasekaran with the Age 38, co-founded Aeroprise, with personalized mobile applications software company, Which was acquired by the BMC Software Inc. in 2011.When working with Snapdeal, he is the main man behind the launch of revamped version of the Snapdeal’s Website and Mobile App.

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Later it made a path for introducing the image search feature and the integrating the Online Recharge Portal Freecharge helps in the mobile payment firm, and the Snapdeal is acquired in the April 2015. The deal with the Freecharge is closed for $400 Million by the Snapdeal.

“They say the best journeys bring you home. We embarked on one two-and-a-half year ago, and it has been nothing short of incredible. I am super excited to share that building on the learning and experiences; I am joining Facebook to work on Facebook Messenger platform,” says Anand Chandrasekaran in his Facebook Post.

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He also said, “Core to every major platform I’ve worked on is a belief that technology should help level the playing field for all something that is at the heart of Facebook and Messenger.”

Anand Chandrasekaran’s experience with India might prove the instrumental in Facebook’s further expansion in the country. India has the second largest market with more than 155 monthly active users. More than the 90% of Facebook’s Users in India are accessing the service on their mobile phones.

Chinese Company buys Yahoo Ad Partner Media.net for $900 Million

Chinese company buys Yahoo Ad Partner Media.net for $900 Million

The team of the Chinese investors mentioned that it’s acquiring an Ad Technology startup Media.net for $900 million approximately in the form of cash. This plans to eventually sell the company to an obscure telecommunications company whose shares were suspended the trading since previous year.

Media.net is the firm which is based in New York, and Dubai is now advertising this third largest ad-tech acquisition in the history.  However, this complicated deal is more closely reflects a reverse merger and the private company takes over the public one and also sidesteps the causalities and formalities of the public offerings.

200 million Yahoo accounts for sale in the digital black market

Divyank Turakhia who is the tech entrepreneur has started the Media.net in the year 2010 and bootstrapped the business. This firm provides the technology which will power the contextual ads offered by Yahoo and Bing search engine by Microsoft. The system is similar one provided by the Google for choosing which ads to show based on the content of the web page they appear.

This deal comes as the merger activity which has involved in the ad-tech companies is declining. There were about 43 deals during the first half of the year as per the sources stated by the research company PitchBook Data. 45% of the declining from the same period is happened in the previous year. Media.Net has generated around $232 Million in the last year revenue which is more than half generated from the mobile visitors. Says Turakhia. He also added that the US accounts for the 90% of Media. Net revenue, but the firm is looking forward to making the great push into the China soon after this deal.

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The group which is buying the Media.Net is led by the Chairman of Beijing Miteno Communication Technology, Zhang Zhiyong.  Zhang said through a translator that “His telecom firm has been “moving aggressively” into mobile advertising and hoped to accelerate the transition through an acquisition.”

200 million Yahoo accounts for sale in the digital black market

200 million Yahoo accounts for sale

 A yahoo hacker claims to have the login information of 200 million accounts. These stolen accounts are being sold on the black market. These stolen are for sale on TheRealDeal, an illegal market place for these kinds of goods. The sale price about $1,824 or 3-bit coins and anyone can buy them.

 The hacker with a pseudo name Peace_of_mind is said to be the master mind behind it. Earlier, the hacker sold login credentials for Linked and Tumblr users. The hacker stated that the Yahoo database comes from a Russian group which cracked the Tumblr and My Space in addition to LinkedIn. “When it comes to Yahoo accounts, the database most likely comes from 2012. Copies of the stolen Yahoo database have already been bought” said Peace_of_mind.

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 Yahoo reported that it is aware of the stolen database, but the company didn’t give a hint about the records were real or not. “Our security team is working to determine the facts,” Yahoo stated in an email. “We are committed to protecting the security of our users’ information and we take any such claim very seriously. Our security team is working to determine the facts. Yahoo works hard to keep our users safe, and we always encourage our users to create strong passwords, or give up passwords altogether by using Yahoo Account Key, and use different passwords for different platforms.” Spokesperson said.

LinkedIn Confirms 2012 Hack Revealed 117 Million Users’ Credentials

 Back in 2012, Yahoo admitted a breach of 450000 accounts. D33Ds Company, a hacking group, had claimed the responsibility for the earlier breach. Yahoo ignored it saying that most of the stolen passwords are invalid. Security researchers noticed a Russian hacker with a pseudo name “The Collector” selling millions of Yahoo, Gmail and Hotmail logins.

Verizon to buy an ailing Yahoo for $4.8 Billion

Verizon to buy an ailing Yahoo

The US largest telecom provider, Verizon Communications prepares the plan to buy Yahoo. As from the reports, the two companies will make the announcement on Monday regarding the deal. An ailing company Yahoo has found the buyer for their core internet business for $4.8 billion deal.

Yahoo is the third most popular search engine in the US after staying behind Google and Bing. The company was found in the year 1994 and with this deal, yahoo makes the final act for one of the longest running internet companies Yahoo. Earlier, Yahoo Company has survived from the dot-com boom. As you all knew that apart from the search Yahoo also has Finance, News, Mailing service and other services blogging site called Tumblr and the photo sharing site Flickr.

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This is the latest purchase for Verizon, and this pushes to refashion into the digital firm of various services like mobile, the internet, video and advertising services. In the previous year, this company bought AOL for $4.4 billion and also acquired their content sites which include Huffington Post and TechCrunch as well as the ad targeting technology.

The merger with the AOL’s assets might add weight to Yahoo’s Internet real estate. As per the reports from NPR’s Laura Sydell says, Yahoo’s share of worldwide digital ad revenue is around $2.6 billion and as according to the eMarketer, but that 1.5 % of the online ad market. This pales in comparison with the Google and Facebook, which controls about 40 percent.

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Yahoo’s biggest value, however, this has rested in their stakes in Chinese online retail, Alibaba and Yahoo Japan and those will remain with Yahoo. This deal also could spell an end of the tenure of Yahoo’s CEO Marissa Mayer.

Apart from Verizon other bidders for the Yahoo’s Internet business were said to include AT&T, takes over the firms and Quicken Loans founder Dan Gilbert.

Yahoos’ Conversational Travel Planner Mobile App For iOS

Yahoos’ Conversational Travel Planner Mobile App

Yahoo today released a new conversational mobile app to plan your trips. The latest application Radar which is launched for iOS is available on the App store for free. This conversational travel planner app for iPhone, iPad and iPod touch now helps you in planning trips, has a smart chat bot which makes it easy to interact with. Using machine learning and artificial intelligence Radar provides you additional recommendations, reviews and activities of your planned trip.

Radar app in addition to Yahoo mail supports other email providers like Gmail, Hotmail, AOL and Outlook. You can login to the app with any of your email accounts. Radar then scans your account and provides you all the information about the hotels, upcoming flights and rental cars confirmation receipts.

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Radar helps you to explore 16000 US cities with the recommendations included in the app like “sights to see” and “places to eat.” So, once you explore the major cities in US, you can filter the basic suggestions according to your preference through some conversational and pre-populated answers like “Adventurous” or “family friendly.”

As of now, Yahoos’ travel planner app uses data from third-party travel apps like Yelp and Tripadvisor. Conrad Wai, Yahoos Vice President of Product management said VB (Venture Beat) that the app uses additional sources from its search engine. And as it is the first version of the app, it only allows to do research – you can’t book flights or accommodations or make other reservations, or even deep-link into third-party apps. But over the time Radar will learn your preferences and will suggest you much better for the coming trips. Wai told VB, that the app is still in infancy and “Not every kink here is worked out.”

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With the mobile revolution in place things are happening on the go. Wai said. “Instead of planning more beforehand as in previous generations, you’re doing it on-demand now.”  According to Venture Beat, Wai believes the app’s simplicity could drive traction: “If I can combine some of the 50 tabs I have [when researching trip planning] on-the-go, it would be great. We’re trying to aggregate, distill, and combine information for the user across the web.”

Yahoo Radar is currently available for iOS devices and there is no plan for Android devices. And the app at present is designed only for the US cities.

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