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Yahoo To Get A Name Change And A New CEO After Verizon Deal

Yahoo Neon Sign.Tony Fischer/Flickr

The languishing online entity Yahoo has been experiencing plenty of rough spots running up to its sale to Verizon. Including the numerous, historic hacking incidents, the company has also struggled with damages that it caused to its own reputation. Fortunately for Yahoo, it would seem that the deal is still on the table. Instead of going away completely, however, the company will just get a name change and a different CEO.

From Yahoo, the pioneering web company will be given a new label as “Altaba” after Verizon becomes its owner, The Verge reports. The information came from a document filed by the company, providing details with regards to the changes that investors can expect.

The file also indicates that current CEO Marissa Meyer will be stepping down from her position once the deal comes through, leaving the top spot at the company vacant. There’s no doubt that somebody will fill it soon enough, however.

In any case, this marks what is likely to be the end of what started out as a major force on the internet, encompassing practically all significant areas before Google usurped its throne to become King. After 2005, many considered Yahoo as basically a zombie company, shuffling along even as bits and pieces of it kept coming off. Even after the changes implemented, it would seem that this will still be the case.

For one thing, the Yahoo homepage that many have come to hate will still exist. The same goes for its blogs and even the search engine. Basically, it’s like the company and its users will be stuck in limbo, neither dead nor really alive.

As for Meyer, Computerworld offers hope to anyone who might be a fan of the embattled CEO that she might just come out of this hot mess just fine. As one of the few female CEOs in the upper deck of the tech industry, Meyer has been a symbol for change in an industry that’s still dominated by males. The publication believes that this will give her an edge in the next company she enters.

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November 20 20:00 UTC Released

BRCAGED Net Payroll Jobs*

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77 k

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77 k

November 20 13:00 UTC Released

RURetail Sales YY

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3.0 %

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3.9 %

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3.1 %

November 21 13:55 UTC 466466m

USRedbook MM

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-1.2 %

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USRedbook YY

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2.3 %

November 22 12:00 UTC 17911791m

USMBA Mortgage Applications

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3.1 %

November 22 12:00 UTC 17911791m

USMortgage Market Index

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401.7 Bln EUR

November 22 13:30 UTC 18811881m

USJobless Claims 4-Wk Avg

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237.75 k

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USInitial Jobless Claims

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240 k

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249 k

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USContinued Jobless Claims

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1.882 Mln

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1.860 Mln

November 22 14:30 UTC 19411941m

BRForeign Exchange Flows*

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-3.412 Bln USD

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