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Yahoo announced that PayPal president Scott Thompson will be its new CEO, starting next week. Wall Street still thinks Yahoo needs to define itself, and Om notes that Thompson’s still stuck… Read more »

After a disappointing earnings quarter, in early September Yahoo fired CEO Carol Bartz. About a week later, the troubled portal was reportedly more concerned with finding an investor or acquisition partner… Read more »

EBay today said it is acquiring the mobile payment company Zong for $240 million in cash. The news follows last month’s announcement that eBay’s PayPal business is expected to do $3… Read more »