Good morning, Austin! We scanned the Internet to bring you news of what's happening in the tech world today. Here's what's going on:
Yahoo disappoints, again
While investors wait to find out who will finally buy Yahoo's core business, the company shared just how fast its business is declining. The company on Monday said earnings were less than expected and revenue was down too.
Yahoo also acknowledged that Tumblr — its biggest acquisition under its current chief executive, Marissa Mayer — is now worth only one-third of the $1.1 billion that Yahoo paid for it in 2013.
But the real question is who will get the shrinking Internet business. Final bids for the company were due yesterday, and the board is expected to take a week or two to make a final decision.
Governments requests for Google user data spike
Requests for user data from Google reached an all-time high in the second half of 2015, with the U.S. making the most requests by far.
Governments around the globe made 40,677 requests, affecting more than 80,000 user accounts. That's an 18 percent increase from a year ago. The U.S. made 12,523 requests, impacting about 27,000 accounts.
Meanwhile, the New York Times reports that Google is working hard, and spending tons of money, to win over European allies as it battles regulatory woes. Its "soft lobbying" includes everything from startup offices to YouTube-sponsored music concerts.
Silicon Valley debates whether to take Saudi money
The Wall Street Journal has an interesting look at how deals like the $3.5 billion Saudi Arabian investment in Uber are stirring debate among venture capitalists and entrepreneurs.
With Saudi leaders eager to become bigger players in tech investing, the question is whether taking money is an endorsement of the Saudi government. Saudi Arabia is the only country in the world where women aren’t allowed to drive, and one of several countries where homosexuality is illegal.
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