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14-Oct-2017 23:03

Yahoo took a 0 million write down on Tumblr and said that the site hadn't met its revenue targets.

The write down was part of a hefty .5 billion goodwill impairment that Yahoo recorded in the fourth quarter, with much of the charges stemming from its businesses in the US, Europe, Canada and Latin America.

“Yahoo was compromised in 2014 by a group of professional blackhats (hackers) who were hired to compromise customer databases from a variety of different targeted organizations,” the report said.

The researchers said the first mention of Yahoo data for sale on “dark” online markets occurred in April 2016.

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Analysis by the security firm Info Armor, which claims to have seen some of the data, contrasts with Yahoo’s claim that the attack was likely “state-sponsored,” but did suggest that stolen data was sold to a state-sponsored group at one point.

But the fact that it is writing down some of Tumblr is an acknowledgment that the biggest and flashiest acquisition made by Mayer has not lived up to expectations.