Internet
Yahoo CEO resigns following resume controversy
As widely expected, Scott Thompson has stepped down from his position as Yahoo CEO after it emerged he lied about qualifications on his CV.The online giant has confirmed the former boss has left the company and the board with immediate effect.Thompson will be replaced in the interim by Ron Levinsohn, who runs the company’s global media department.Thompson’s position has been in question all week over the presence of a computer science degree within his biography, which he had not earned. Sorry not enoughThe now ex-CEO had apologised for the negative impact the row was having on the company, but it was not enough to save his job.In a press release confirming the news, first reported by AllThingsD, Yahoo also confirmed that Fred Amoroso had been appointed as Chairman of the Board.The company also announced a settlement with the man who exposed Thompson’s faux-pas, “activist shareholder” Daniel Loeb is also approaching.Thompson’s demise comes just a few months after he replaced Carol Bartz as the head of the internet giant. Related StoriesBing looks to Facebook and Twitter for its redesignSpotify upgrades desktop app with Playlist Radio, Instant SearchFacebook testing paid ‘promoted posts’ toolGary Marshall: In the piracy debate, both sides are telling outright liesUK Broadband: Customers paying for average 12Mbps, only getting 7Mbps

As widely expected, Scott Thompson has stepped down from his position as Yahoo CEO after it emerged he lied about qualifications on his CV.The online giant has confirmed the former boss has left the company and the board with immediate effect.Thompson will be replaced in the interim by Ron Levinsohn, who runs the company’s global media department.Thompson’s position has been in question all week over the presence of a computer science degree within his biography, which he had not earned.
Sorry not enough
The now ex-CEO had apologised for the negative impact the row was having on the company, but it was not enough to save his job.
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Scott Thompson quits as Yahoo CEO following resume controversy
Ecommerce
Thailand’s internet economy to hit US$53 billion in 2025
New users in Southeast Asia are coming online at a blistering pace, adding 40M new Internet users this year alone compared to 100M between 2015 and 2019 and 70% of the region’s population is now online.

Ecommerce
Southeast Asia’s internet economy hits $100 billion
The two pacesetters in the region are Indonesia and Vietnam, which lead the pack with growth rates in excess of 40% a year.

The internet economies in Malaysia, Thailand, Singapore and the Philippines are growing by between 20% and 30% annually, with no signs of slowing down, according to Google and Temasek multi-year research program.
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