Bartz: Yahoo will be “appropriately compensated” for Alipay

Yahoo CEO Carol Bartz

Backed up by Yahoo’s chief financial officer and co-founder Jerry Yang, Yahoo CEO Carol Bartz assured investors the company will be “appropriately compensated” for Alibaba spinning off online payments outfit Alipay into a separate entity controlled by Alibaba chairman Jack Ma, effectively taking one of the prize jewels away from Yahoo’s 43 percent stake in China’s Alibaba Group. Yahoo’s stock price has experienced a significant drop since the company revealed Alibaba had spun off Alipay earlier this month; although the companies say they’re committed to working out a solution, they have also traded unusual public barbs, with Yahoo claiming Alibaba spun off Alipay without a board vote or informing shareholders.

During a meeting designed to bring shareholders up to speed on Yahoo’s turnaround strategy, Bartz assured investors that all key shareholders in the deal are committed to ensuring Yahoo is appropriately compensated for the loss of Alipay from its investment portfolio. Yahoo co-founder Jerry Yang emphasized the spinning Alipay off into a separate entity with Chinese ownership was critical to Alipay receiving a Chinese government license to conduct online payments in China—and that strategy seems to have worked: the Chinese government has just granted that license, making Alipay one of the only entities authorized to conduct online commerce in China.

Bartz defended Yahoo’s disclosure of information about the Alipay ownership change as “timely and appropriate.” Yahoo says it learned about Alipay separating out on March 31; however, it did not disclose that information for nearly six weeks.

Yahoo’s 43 percent stake in the Alibaba Group—and its 35 percent stake in Yahoo Japan—are currently seen as some of the company’s primary financial assets as the company struggles to regain ground lost to the likes of Google, Microsoft, Facebook, Amazon, and Apple in the Internet services arena. Yahoo still commands a huge Internet audience—something like 600 million users—but the company has seen its stock price steadily decline over the last five years, in part due to a nearly-disastrous takeover sideswipe from Microsoft (which eventually say Microsoft taking over backend operations for Yahoo Search) and the company’s faltering ability to organize and leverage its substantial assets. As a results, the company’s holding in fast-growing Alibaba and Yahoo Japan are key to the company’s bottom line. Yahoo CFO Tim Morse indicated the company is looking at ways to enable investors to get money out of their Yahoo Japan holdings, including potentially spinning off a tracking stock, although no plans have been etched in stone.

Computing

After a month of bugs, the Windows 10 October 2018 Update is finally here

After more thoroughly investigating and resolving all bugs and related issues, Microsoft is announcing the Windows 10 October 2018 is again rolling out to consumers starting today, November 13. 
Movies & TV

The best movies on Amazon Prime right now (November 2018)

Prime Video provides subscribers with access to a host of fantastic films, but sorting through the catalog can be an undertaking. Luckily, we've done the work for you. Here are the best movies on Amazon Prime Video right now.
Home Theater

The best movies on Netflix in November, from 'The Witch’ to ‘Dracula’

Save yourself from hours wasted scrolling through Netflix's massive library by checking out our picks for the streamer's best movies available right now, whether you're into explosive action, witty humor, or anything else.
Computing

Want to save a webpage as a PDF? Just follow these steps

Need to quickly save and share a webpage? The best way is to learn how to save a webpage as a PDF file, as they're fully featured and can handle images and text with ease. Here's how.
Computing

Installing fonts in Windows 10 is quick and easy -- just follow these steps

Want to know how to install fonts in Windows 10? Here's our guide on two easy ways to get the job done, no matter how many you want to add to your existing catalog, plus instructions for deleting fonts in the process.
Computing

Changing file associations in Windows 10 is quick and easy with these steps

Learning how to change file associations can make editing certain file types much quicker than manually selecting your preferred application every time you open them. Just follow these short steps and you'll be on your way in no time.
Emerging Tech

New simulation shows how Elon Musk’s internet satellite network might work

Elon Musk has the dream of building a network for conveying internet traffic via thousands of satellites. A new simulation created by a computer scientist looks at how feasible the idea is.
Computing

A dead pixel doesn't mean a dead display. Here's how to repair it

Dead pixel got you down? We don't blame you. Check out our guide on how to fix a dead pixel and save yourself that costly screen replacement, or an unwanted trip to your local repair shop.
Computing

Great PC speakers don't need to break the bank. These are our favorites

Not sure which PC speakers work best with your computer? Here are the best computer speakers on the market, whether you're working with a tight budget or looking to rattle your workstation with top-of-the-line audio components.
Computing

Printing to PDF in Windows is easy, no matter which method you use

Microsoft's latest operating system makes it easier than ever to print to PDF in Windows, but there are alternative methods for doing so, even if you want to forgo Adobe Acrobat. Here's how.
Computing

These are the 5 best free antivirus apps to protect your MacBook

Malware protection is more important than ever, even if you eschew Windows in favor of Apple's desktop platform. Thankfully, protecting your machine is as easy as picking from the best free antivirus apps for Mac suites.
Computing

These laptop bags will keep your notebook secure wherever you go

Choosing the right laptop bag is no easy feat -- after all, no one likes to second-guess themselves. Here are some of the best laptop bags on the market, from backpacks to sleeves, so you can get it right the first time around.
Computing

These Windows 10 keyboard shortcuts will update your OG Windows skills

Windows 10 has many new features, and they come flanked with useful new keyboard shortcuts. Check out some of the new Windows 10 keyboard shortcuts to improve your user experience.
Computing

Protecting your PDF with a password isn't difficult. Just follow these steps

If you need to learn how to password protect a PDF, you have come to the right place. This guide will walk you through the process of protecting your documents step-by-step, whether you're running a MacOS or Windows machine.