Kara Swisher

Recent Posts by Kara Swisher

Loeb Puts More Money Where His Ever Larger Yahoo Mouth Is

Hedge funder Dan Loeb of Third Point has bought another 2.5 million shares of Yahoo for about $40 million this week, bringing his total to 73 million shares, according to a regulatory filing. Loeb — who now owns above six percent of Yahoo — won a seat on the board of the Silicon Valley Internet giant after threatening a proxy battle and has recently been the key director in finagling the recent hiring of former Google exec Marissa Mayer as CEO. Yahoo’s stock has traded down slightly since the splashy appointment.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald