aNewDomain — Yahoo, Samsung and Google dominate today’s tech news. Let’s dive in.
Well, you already know that Yahoo can’t catch a break.
Normally, when a company beats earning expectations, they enjoy a good news cycle for at least a day. Not Yahoo.
Yahoo reported $1.47 billion revenue in the fourth quarter, a fifteen percent increase from the previous year, beating Wall Street’s estimate of 1.38 billion.
Yet despite the good financials, other issues loom. In a statement today, Yahoo pushed back the closing date of the Verizon acquisition. “Given work required to meet closing conditions, the transaction is now expected to close in Q2 of 2017.”
The delay in closing the deal could agitate already jittery investors and further jeopardize the mega deal.
Samsung: We’re Fine. Thanks for Asking
A day after Samsung released its findings into last year’s exploding Note 7 fiasco, Samsung announced a massive fourth quarter.
Profits jumped 50% from the same quarter a year ago, resulting in the best quarter in three years.
Samsung should be feeling pretty good today with its financial successes and a well-received press event detailing its battery investigation.
In fact, it’s good enough to stick with the Note name for the next iteration of its flagship phablet.
Read my analysis of Samsung’s investigation into exactly what caused the failing and/or combusing Note 7 batteries — here.
And in other news …
And finally, do you care about an open and equal internet? Yes? Thenthis should scare the hell out of you.
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Cover image of Morning Tech Report with Mike Olsen and all screenshots: Mike Olsen.