Verizon is buying Yahoo for $4.8 billion … It’s official: The sale completes Yahoo’s evolution from influential search pioneer and web portal juggernaut to, in the end, a once-dominant brand that lost its way. Parties as diverse as Warren Buffett and The Daily Mail were interested in buying Yahoo. But after a sale process that dragged on for months, Verizon (VZ, Tech30), long viewed as the frontrunner, is walking away with Yahoo’s more than one billion monthly active users. –CNN Money
Another huge merger has taken place. Perhaps a billion consumer emails plus related technology will change hands, further stratifying the Internet and providing less opportunity for others.
If people believe the pace of technological innovation has slowed in the past years, they are probably correct. As ZeroHedge pointed out in May, “Venture capital investments in Silicon Valley fell almost 20 percent in the first quarter [of 2016] from a year