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Salesforce’s Shares Rise After Another Activist’s Stake

Shares of business software giant Salesforce are rising, extending their 2023 rebound, after another activist investment in the company. Read More...

Reuters

Yahoo to lay off more than 20% of staff

The cuts will impact nearly 50% of Yahoo’s ad tech employees by the end of this year, including nearly 1,000 employees this week, the company said. Yahoo, which is owned by private equity firm Apollo Global Management since a $5 billion buyout in 2021, added that the move would enable the company to narrow its focus and investment on its flagship ad business called DSP, or demand-side platform. This comes as many advertisers have pared back their marketing budgets in response to record-high inflation rates and continued uncertainty about a recession.

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