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

Published

9 years ago

May 13, 2012

Zhang Fang

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.

Source article:

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.

Published

2 months ago

November 11, 2020

Abhishek Prakash

Internet usage in Southeast Asia continues to multiply, with 40M new users this year alone

Southeast Asia’s Internet sectors continue to see strong growth, hitting $100 billion in 2020, and are on track to cross $300 billion by 2025 stated a report by Google, Singapore state investor Temasek Holdings and business consultants Bain & Co.

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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.

Published

1 year ago

October 24, 2019

Zhong Li

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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Internet

Thailand enters 5G technology era

Thailand is leading the ASEAN community in 5G technology beginning with Chulalongkorn University and the Eastern Economic Corridor project from next year.

Published

2 years ago

June 20, 2019

Olivier Languepin

The Thai Government’s National Broadcasting and Telecommunications Commission (NBTC) says it wants Thailand to be one of the first Asian countries to make the jump to 5G.

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