The Morning Badger: Yahoo Changes Their Name to Altaba (Kinda)


Here’s what you need to know for today:

Yahoo Becomes Altaba

Yahoo is selling the bulk of its assets to Verizon for $4.83 billion, though that number will probably get smaller thanks to several public hacks of the service. Yahoo also owns 16% of Alibaba (“China’s”), 36% of Yahoo Japan (a joint venture with SoftBank), and a bunch of patents. When Verizon fully acquires their share of Yahoo, the parts they don’t acquire will become Altaba. Current CEO Marissa Mayer will have nothing to do with Altaba, and no one knows if she’ll actually move along to Verizon, either.

Indian Point is Closing

New York’s favorite nuclear power plant Indian Point is closing by 2021. While this might not seem like financial news, Indian Point is owned by Entergy, a publicly traded company. Here’s what news of Indian Point’s closure is doing to Entergy’s stock:


China is Driving Bitcoin Down

After increasing to over $1000 a bitcoin, the popular cryptocurrency dropped in value by hundreds of dollars. Why? China’s central bank told investors, who were buying bitcoin like mad, to rethink their approach to investing in Bitcoin. For more on why this is happening, read this detailed explanation by Quartz.

Like it? Share with your friends!


log in

reset password

Back to
log in
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Voting to make decisions or determine opinions
Formatted Text with Embeds and Visuals
The Classic Internet Listicles
Upload your own images to make custom memes
Youtube, Vimeo or Vine Embeds
Soundcloud or Mixcloud Embeds
Photo or GIF
GIF format