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Yahoo’s Planned Spinoff of Alibaba Stake Hits IRS Snag: Report

The Internal Revenue Service (IRS) has declined to issue a ruling on the tax implications of Yahoo spinning off its portion of Alibaba, according to a filing with Securities and Exchange Commission (SEC). Spotted first by Quartz, the filing details a process which may not stop an eventual spinoff, but at least delays it. Read More

AWS, GoDaddy Named in Ashley Madison Lawsuit

A lawsuit has been filed against Amazon Web Services (AWS) and GoDaddy by three anonymous plaintiffs for hosting websites that reproduced the user data stolen from Ashley Madison. The suit seeks $3 million in damages, and also names 20 other defendants, three of whom operated sites which sold the leaked user data. Read More

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