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A freelance writer who successfully sued newspapers and magazines for copyright infringement will file a class-action lawsuit against the Huffington Post and AOL on Tuesday that seeks compensation for hundreds of unpaid contributors to the online publication.
Twitter Co-Founder Biz Stone will become a "social impact" strategic adviser for AOL, as part of its broader integration with online news site the Huffington Post. He will stay at Twitter.
AOL will slash its workforce 20%, according to a person familiar with the matter, eliminating 950 jobs in the U.S. and India as it struggles to resurrect its business.
In the wake of AOL's deal to buy the Huffington Post, some marketing executives are expressing concerns about the liberal-leaning nature of the website and its potential to taint the broader AOL brand.
Yahoo Inc's quarterly net revenue slid 4 percent and it forecast a further slide this quarter as it struggles to revive growth in the face of intense competition from Google and Facebook.
Internet media company Yahoo is preparing to cut as many as 650 jobs, or almost 5% of its workforce, in its latest move to streamline operations and cut costs.