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Yesterday the Dow Jones fell under 10000, the lowest its hit since 2003. While the Dow was down as much as 800 points, it ended only down 370. A tough day for stocks, specifically tech stocks like GOOGLE (down 4%, $368) and MICROSOFT, which is trading at $25.
HULU will stream the remaining Presidential debates via its website. The NBC-FOX venture will stream NBC’s coverage during the debate next Tuesday and Fox’s stream at the following debate. The live streams will be a first for HULU, which they are “experimenting with initially as the presidential debates are highly relevant now.”
YAHOO and AOL are are in the midst of lengthy merger discussions, which sources close the matter say could go down by the end of the month. Currently, the proposed deal would have Yahoo acquiring AOL’s content, services and advertising, but not their subscription dial up business. A successful merger of the two could prove a valuable competitor in the Google, Microsoft search war.
EBAY, which generates more revenue through PayPal than auctions, will purchase BILL ME LATER for $945 million. eBay came in on the low end of its third quarter revenue expectations and will cut 10% of its work force in an effort to tighten the reigns. Shares of eBay were at $17.89 yesterday, the lowest in more than five years.
Plus, today’s consulting question comes from Bruce T., a lawyer from Miami, FL. Bruce asks, “Verizon lost its patent infringement suit against Cox, what happens now?”. Shelly has the answer on today’s MediaBytes,