The May Report was also the first to report that Divine Interventures, the Internet incubator, was planning a major reorganization with as many as 300 layoffs.
Wallace Cheung, an Internet analyst at Credit Suisse, said that the reorganization was good for Alibaba.com, which got a new executive, and Taobao, because it created units that were potentially more flexible.
The group that manages the Internet's address system moved forward with its reorganization process yesterday, approving the outline of a plan that is intended to streamline operations and speed decision-making.
Yahoo is planning to cut at least 10% of its workforce as part of a reorganization aimed at stemming the turmoil at the Internet company, a report says.
One immediate effect of the reorganization has been to put most of Diller's Internet ventures under one roof, with the intention Wall Street willing of taking several of the companies public and exploiting the values that have been previously obscured.
The Asia Pacific Internet Group APACIGG) — first established in 2014 as part of the bigger group's reorganization process — is Rocket's regional operation covering 14 e-commerce companies in 15 countries.
Emboldened by the reorganization in October, which seemed aimed at shifting Tencent from a consumer-facing internet company into one that's increasing serving industries, the firm said its cloud business more than doubled its revenue year-on-year.
In the quarter, Federated had pretax charges of $42 million for the reorganization of its Fingerhut catalog and online business, $71 million to write down Internet-related investments and $54 million to shut down the Stern's department store chain.
Aereo, the streaming TV service that let users watch near-live TV on any internet-connected device, has today announced that the company is filing for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of New York.
The Internet chat reveals that some of the investors buying into these companies know little about the reorganization process.
