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Warren Buffett skeptical on Yahoo! CEO resumé blunder innocence

Warren Buffett skeptical on Yahoo! CEO resumé blunder innocence

Yahoo!'s embarrassing CEO issue continues to gain the company unwanted attention, with famed investor Warren Buffett arguing that the resumé blunder is a sign of internal issues around trust. "If you can't trust the people you're working with, you've got a problem" Buffett told CNBC, going on to cast doubts on whether Yahoo! chief executive Scott Thompson's incorrect degree claim was, in fact, an honest mistake.

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Yahoo pressured to fire CEO by Monday

Yahoo pressured to fire CEO by Monday

Yahoo shareholders are pressuring the company to fire its CEO Scott Thompson after it was discovered that he lied about his resume. Daniel S. Loeb, chief of hedge fund Third Point, Yahoo's largest institutional shareholder, has shot a letter to Yahoo's board today demanding that they fire Thompson and dismiss Patti Hart, the director of the hiring committee, by noon on Monday.

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Yahoo CEO gets resume grilling

Yahoo CEO gets resume grilling

Scott Thompson, CEO of Yahoo! and former president of Paypal, has come under fire recently after it was discovered that he doesn’t have the computer science degree that he claimed to have earned on his résumé. It was revealed that Thompson has a degree in accounting from Stonehill College, but not a degree in “accounting and computer science” as had previously been thought.

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Facebook’s patent purchases simplified

Facebook’s patent purchases simplified

It was revealed today by Facebook that they'd be picking up nearly 1,000 patents, patent applications, and licenses for patents from Microsoft, the latter company having purchased these and more from AOL last year. Facebook's renewed search and purchase mission this spring, it should be no secret, comes amid their current spat with Yahoo over patents both companies say the other has infringed. Facebook's purchase of patents today from Microsoft is said to be a continuation of a deal that was forged last year when it was Microsoft who picked up an "all or nothing" package from AOL for $1 billion USD.

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Facebook earnings turn to Instagram and Yahoo

Facebook earnings turn to Instagram and Yahoo

There's something to be said about a company as seemingly fantastically successful as Facebook in regards to earnings which show growth over the year, but not over the quarter. That appears to be the case with Facebook here in their Q1 earnings report which has them at $1.06 billion revenues here in the first fiscal quarter of 2012, this up from $731 million during the same quarter last year but down from $1.131 billion the last quarter of 2011. That said, Facebook's earnings call has many similar shows of ups and downs, including how it's about to deal with Instagram.

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Yahoo Chief Product Officer resigns

Yahoo Chief Product Officer resigns

Things have been rough at Yahoo for a long time now. Yesterday the company announced massive layoffs with 2000 workers feeling the axe. The brunt of those cuts came within divisions that were overseen by Yahoo Chief Product Officer Blake Irving. Sources close to Yahoo claim that Irving has turned in his resignation.

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Facebook fires back at Yahoo with 10 patent countersuit

Facebook fires back at Yahoo with 10 patent countersuit

It's a tit-for-tat world in patent lawsuits, and Facebook has fired back at Yahoo with a countersuit arguing the aging search company violates its tech in advertising, photo sharing and more. The response comes on the heels of Yahoo's case against Facebook last month, in which it was claimed the social network infringed on multiple patents and refused to pay license fees; Facebook described the suit as "puzzling" and embarked on a patent shopping spree, picking up 750 to bolster its defense. Ten patents are cited in the counter-claim.

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Yahoo to begin massive layoffs next week

Yahoo to begin massive layoffs next week

Yahoo is planning to announce layoffs next week followed by a major restructuring plan the week after, reported AllThingsD citing multiple sources. Under new CEO Scott Thompson, Yahoo is trying to refocus its products and drastically slim down its operations. The job cuts are expected to be in the thousands.

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