risk and uncertainty

i’m getting increasingly resentful in how harry’s solo efforts were talked about during his hiatus. treating his mega stardom as a sure thing, stripping out all risk and uncertainty in what he was about to do.

ever since i saw how incredibly nervous he was to perform on SNL and how displeased he was with how SOTT went, i realized that he doesn’t act like he has it in the bag. he’s never gonna act like he has it in the bag. because he’s a human being and an artist doing this by himself for the first time. and denying him that humility by grandstanding about his global takeover just pisses me the fuck off.

success is not predetermined. treating this like it was an inevitability ignores the real work.

They say, “Look before you leap.” So look. But do not look for too long. Do not look into the void of uncertainty trying to predict each and every possible outcome, to evaluate every possible mistake, to prevent each possible failure. Look for the opportunity to leap, and leap faster than your fear can grab you. Leap before you talk yourself out of it.
—  Vironika Tugaleva
Worth the Wait- Poe Dameron

Word Count: 2385

Pairing: Poe Dameron x OC

Prompt: “Why are you looking at me like that” and Poe and OC friends to lovers.

A/N: Give me more Poe. This was so fun to write…best friends to lovers is my fav trope of all time besides love/hate I think!


“You really don’t have to sit here, Poe,” I said, casting the pilot a look from over my shoulder. “You gotta be exhausted.”

He was sitting on an overturned crate, chin propped in one hand as he watched me work. A crooked grin tugged at one side of his mouth. “What? And leave my baby all alone with you?”

I rolled my eyes at his teasing, but as I turned back to his ship, a small smile was on my own lips. “Honestly your “baby” might be better off in my hands than yours. Considering all the pain you’ve caused it.” I shined my light into the fuselage, double checking my work.

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He who becomes the slave of habit,
who follows the same routes every day,
who never changes pace,
who does not risk and change the color of his clothes,
who does not speak and does not experience,
dies slowly.

He or she who shuns passion,
who prefers black on white,
dotting ones “it’s” rather than a bundle of emotions, the kind that make your eyes glimmer,
that turn a yawn into a smile,
that make the heart pound in the face of mistakes and feelings,
dies slowly.

He or she who does not turn things topsy-turvy,
who is unhappy at work,
who does not risk certainty for uncertainty,
to thus follow a dream,
those who do not forego sound advice at least once in their lives,
die slowly.

He who does not travel, who does not read,
who does not listen to music,
who does not find grace in himself,
she who does not find grace in herself,
dies slowly.

He who slowly destroys his own self-esteem,
who does not allow himself to be helped,
who spends days on end complaining about his own bad luck, about the rain that never stops,
dies slowly.

He or she who abandon a project before starting it, who fail to ask questions on subjects he doesn’t know, he or she who don’t reply when they are asked something they do know,
die slowly.

Let’s try and avoid death in small doses,
reminding oneself that being alive requires an effort far greater than the simple fact of breathing.

Only a burning patience will lead
to the attainment of a splendid happiness.


~Pablo Neruda

   Image via:  joserevuelas.wordpress


Creativity means change, and that's the reason it matters

Whenever I think of change I feel a little bit afraid and a little bit excited.

Change often brings with it uncertainty, risk, chance, and hope. Change means different, and no matter how you cut it: different is often scary. It’s not what our lives and minds are really cut out to handle very well. We instead each tend to cherish routine, the expected, systems we can understand, what’s already known.

Change means things might possibly be better. Faster, cheaper, and stronger are all symptoms of change. The problem is, of course, that maybe things will be worse through change too. Maybe the change won’t be worth the risk, or time, or energy.

As a result, any time we encounter change we find ourselves responding either as one type of person or the other. The risk taker worries, but knows that whatever is on the other side of change is typically worth the risk, worth the sacrifice. They know that change always brings with it some certainty after-all. Certainty that whatever happens, you can learn something new. Change exposes you to things you haven’t been exposed to before. New ideas, new ways of doing things. Even if the outcome of change is negative, that’s knowledge earned; you’ll know what doesn’t work, or what happens when things go a certain way.

It’s easy to look at change as a pressure, or as something that takes away rather than adds. But the reality is that whatever change takes away ends up adding to our experience elsewhere.

We can stay safe in routine, always holding onto some semblance of what we know to expect. But sticking to what we know, to routine, doesn’t allow us to benefit at all, or to grow. Routine and expectations are restrictive. They hold us to expectations no matter how magical or wonderful or empowering the world outside what we know may be.

Yes, change can be a scary and intimidating, but if we remember that breaking away from it is how we grow, we ultimately end up being more powerful and better off than before.

And that is why change is something we should not fear, but readily embrace.

When we talk about creativity we typically talk about it in terms of having ideas that are unique and valuable. But when we step back what do those things really mean? Change. When we talk about creativity what we’re really talking about is change, something that is always additive in some way or another. That’s why creativity matters: it’s adding to the world, even when it feels like it’s really taking away.

purseyplace-deactivated20151022  asked:

Hello! Warning my blog is very explicit. But I don't care to ever use the anon switch. I'm an infj plagued with this horrible need to replay events 300x and either feel guilty, imagine a different/better scenario, or mentally slap myself for insignificant things. HOW can I practice to stop this?? By the way your blog is amazing. I have your ego development post written out on giant post it notes hanging on my wall.

I’m glad you find the blog helpful. As for your question, I will take this opportunity to discuss the phenomenon of rumination or mentally replaying past events because INFJs are not the only types who are prone to this frustrating behavior. People tend to ruminate because it is an important part of the process of trying to make sense of their experiences. Introverts are more likely to do this because they already process information inwardly. But extraverts will engage in this behavior when they are stressed, depressed, or feeling lost in life, and they will utilize their introverted functions to withdraw inside themselves to reflect. Depending on which function you are using for rumination:

Introverted Sensing (Si)

Si types are perhaps the best known for this kind of behavior because they naturally have a past-oriented focus. They consider past experiences as an integral part of who they are and they use personally meaningful knowledge and memories to construct their sense of self. They will tend to revisit past events, positive or negative, in order to maintain their internal sense of stability and identity. This is how they find existential meaning in life.

To stop ruminating, it would be important to realize that the past does not necessarily have to define who you are. You have free will which means that, in any moment, you can choose to do something different than what you have done before, that is, there are always new possibilities to explore. Sometimes, it is absolutely necessary to let go of a past version of yourself in order to evolve into a better version of yourself, but this cannot happen if you are too fearful of risk, change, or uncertainty, or afraid of losing yourself by letting go of a memory. Sometimes, holding on to the past is even a convenient excuse people use to avoid confronting the scary unknowns of the future.

While it is important to learn from past mistakes, dwelling in them is not a useful exercise because, no matter how many times you replay the same event over and over again, it will never change anything. Drawing illogical relationships between past, present, and future can keep you stuck in one place, unable to move forward. The past does not always determine the future, for example, it would be a mistake to think that the more you flip a coin, the more you can change the next outcome. Sometimes past and future have no connection and sometimes they do, however, the most important thing is: What you do right now in the present is what actually affects the future, so choosing to waste the now to focus on the past keeps you living in a static state where progress becomes impossible.

You should understand that what you have experienced up until now is just an infinitesimal fraction of the whole of human experience, thus, it is extremely self-limiting to base one’s entire identity on only a few fleeting moments. If you only pay attention to the things that are familiar or comfortable or known or already defined, you will have difficulty growing and fulfilling your potential because your movements will be too slow and hesitant, even stagnant in the most extreme cases because you are always turning away from the possibility of doing something different to get a new result. Try to expand your vision of yourself in different outward directions in order to keep moving forward, then you will realize that there is more to life than what you have already done or seen or been.

Introverted Intuition (Ni)

Ni types replay negative past events as a way to search for some meaning behind what happened in terms of finding a sense of closure as well as learning something that can help one make sense of the future. Therefore, until they can fully process an event, they have difficulty letting go of it. They can get stuck on only one negative way of seeing the situation and this can get very frustrating, almost like listening to a broken record that is replaying the same two seconds over and over. Ni is idealistic in wanting to have a clear plan for the future, which means that it can form high expectations about what reality should be like, making a person very frustrated when reality falls short, and this can lead to self-blame or wanting a chance to set things “right” when things are perceived to have gone “wrong”.

To stop ruminating, it would be important to realize that: 1) past events don’t necessary have any deep meaning, 2) past events don’t necessarily predict future outcomes, 3) unrealistic ideals or expectations are your own mental constructions that make you too emotionally invested in situations, causing you to be chronically dissatisfied with the present, and 4) sometimes the facts are just the simple and plain facts, and no amount of interpretation or re-interpretation is going to change them. To put it crudely: shit happens. Sometimes bad things happen and there is really no satisfying rhyme or reason for it except that sometimes people do shitty things and get shitty results. Secondly, just because something bad happened or you did something bad, it doesn’t mean that you or the event is doomed to repeat in the future. You have free will, so you can learn from past mistakes and choose to do things differently at any point. Just because you failed in the past, doesn’t mean you will fail again. And, even if you do fail again, refer to the first point: shit happens.

For example, just because you screwed up a previous relationship doesn’t mean that your present relationship will suffer the same fate. Actually, the more you focus on the past failure, the more you are setting up a self-fulfilling prophecy because you cannot appreciate the new situation for what it really is, that is, you keep viewing the present through the lens of the past mistake and this will actually make you more prone to repeating it. In essence, you keep seeing the old version of yourself and being that version instead of consciously creating a new and better version of yourself. Therefore, do not punish yourself for the past or indulge sad feelings about what went wrong, rather, learn from it and try to be better. Focus on what you can do in the present to make up for the past and create a new and better future for yourself. That is how progress is made.

You should understand that how you choose to interpret a situation is how it will have meaning but there are often many ways of looking at something. Readjust your perspective to fit reality. Life is not always predictable so it is important to be adaptable and realistic. There is randomness and chaos that cannot always be understood, so sometimes you have to be content with things being “good enough” or accept that things are so-called “imperfect” or simply leave it at “agreeing to disagree”. Life is messy so deal with it. Be more patient to look at things from different perspectives. The ultimate truth is never just one way of seeing something, rather, it is actually being able to see something from every angle. The 360 view will bring you closer to the truth but you can’t get that broader view if you stay stuck in your own head and avoid/ignore what the facts are telling you.

Introverted Feeling (Fi)

Fi types replay past events because they are looking for a sense of internal harmony, that is, they want to reconcile how they feel on the inside with the reality of the outside world but it can be hard to do when the two sides are at odds. Replaying past events over and over inadvertently widens your separation from the outside world because you end up overindulging your feelings and taking everything that happens too personally, making you feel completely entangled in a problem with no way out. The more you unconsciously view yourself as separate with your own unique pain and experiences, the harder it will be for you to escape your own perspective and see the world accurately, and the harder it will be for others to reach you with the outside support that you need. In other words, you are much more than just how you feel at any given moment, so learn to see things in a broader and more objective way. Open up your mind to other perspectives to get a better view of the facts and explore other ways of interpreting situations so that you can avoid being too personally biased in how you see things. If it is a relationship problem, try to understand the situation from the other person’s point of view as accurately as possible because their experience might be very different from yours but equally valid from their standpoint.

To stop ruminating, realize that sitting around wishing that things could be different will ultimately lead you nowhere because it doesn’t solve anything or change anything for the better. Feeling separate from the world by dwelling in your own pain means that you do not see yourself as an active player but as a passive experiencer, a victim even. Getting stuck on the past is essentially getting stuck in your own personal perspective of a situation (your own private hell, as it were), which means that you are not approaching the problem objectively nor are you doing anything to solve the problem. Think about how you make decisions moment to moment and whether those decisions really produce good outcomes for you, according to standards other than your own.

For example, just because it feels right for you in the moment to avoid a problem, it will not produce good outcomes for you in the long run. Personal expectations, preferences, and feelings are very important and should be given appropriate attention when necessary but they should not be the only factors that you use for making decisions. There are bigger things that need attention and you must learn how to put your feelings aside when necessary and attend to problems with more determination to solve them, especially if it will help you reach an important goal. Therefore, try to become more systematic in how you analyze problems and make decisions. Readjust your values, ideals, or expectations to fit the reality around you. It is very important to do this or you will feel perpetually unhappy and unfulfilled, unable to achieve a sense of progress or inner peace. Do not expect that the world can fully conform itself to you and accommodate your needs, you must also do something to actively conform yourself to the world - finding the right balance is the key.

Reflect on what is good for you, what will help you to move forward, and what actions you can take to pursue positive development. Instead of passively brooding or waiting for things to happen or writing off people/situations or trying to avoid/escape from things, create a concrete plan of action to move your life forward in a way that can make up for past mistakes or negative events, learning from them and building upon them so that you can put them behind you, and then you can loosen your grip on past experiences rather than using them as a crutch or an excuse to linger in your comfort zone and avoid the demands of life. Focus on the changes that can be made right now to improve things rather than wasting your time thinking about the things that cannot be changed.

Introverted Thinking (Ti)

Ti types replay past events because they are looking for a formulaic or causal understanding of what happened and how they arrived at their current (bad) situation. Systematically analyzing past events can provide lessons or clues about how to proceed, however, sometimes it can be quite impossible to find the true cause of what happened, especially because the human world is so complex, with so many moving parts and variables that it is simply too difficult to grasp how they all work together. The drive to overanalyze and figure out exactly what happened is often emotionally motivated. Bad outcomes often produce hurt, fear, or anger, and obsessing about figuring out every detail of what happened and how and why actually deflects attention away from resolving those negative emotions.

To stop ruminating, get to the root of the problem. The past cannot be changed no matter how many times you think it through or how many ways you try to analyze it. Thus, instead of running through scenarios over and over in your mind, analyze how you are reacting emotionally to the situation, whether you contributed to the problem, how you can take responsibility, learn from it, and move forward. Resolving negative emotions will help you to see a situation more accurately because you will feel less personally invested in it. Do not resist your emotions but allow yourself to feel them and process them appropriately.

Ti has a tendency to confuse facts and values, sometimes failing to see that making value judgments is not the same as making factual statements. For example, a relationship can break up for many different reasons, so do not assume that it was one particular thing that caused the outcome. Look more closely at what the other person was thinking or how they were feeling all throughout the relationship. Did you really understand their feelings and motivations accurately enough? Perhaps you will try to look for flaws or shortcomings in yourself or the other person and use them to analyze the relationship, even trying to assign fault or blame. However, sometimes there really is nothing “wrong”. Rightness and wrongness are value judgments and value judgments are not objective statements of fact because they are open to interpretation based on subjective vantage point. Sometimes two people simply do not share the same worldview and, therefore, they are unable to maintain a strong connection for a long period of time. Sometimes, no one is in the right or in the wrong and there is genuinely no solution that can keep the relationship going in a healthy manner. Being determined to mentally calculate the “truth” about reasons, fault, blame, responsibility in retrospect is a fool’s errand that distracts you from dealing with your own issues, thereby impeding positive growth and development.

Ti has a tendency to draw a direct relationship between a person’s behavior and their motivation, assuming that everyone always acts with rational intention, but there can be a lot of internal and external factors that lead people to behave a certain way unconsciously or unpredictably, that is, you cannot always know the complexities of another person’s experience - you can only really know yourself and what part you played. Therefore, it is important to avoid jumping to conclusions or developing an overly simplistic or judgmental view of other people or relationships. Try to understand the other person’s point of view and how it differs from yours and why their view may be equally valid from their standpoint. Admit that a mistake was made, admit that you feel bad about it, admit your part in the error, learn the lesson and move on.


back to Emotional Health Masterpost

And if you get rejected, if people don’t like it, if they judge you criticise you and ostracise you, will you still be ok?

If you fail miserably, look like an idiot, make a mistake and fall flat on your face, can you still pick yourself up and move forward with pride that you actually gave it a go?

And if they took their love from you, could you still love yourself? Could you still completely accept who you are, even if others don’t?

Taking a risk is ultimately a practise of self love. It is where we learn to make the love we feel within ourselves and for ourselves, more important than the validation and acceptance of others.

So, love yourself enough to do it. Be bold and brave. Release the familiar. Dive fearlessly in to the unknown with full faith that the love you feel within you, will carry you beyond any challenge you encounter in the process.

—  Connie Chapman

I’m usually not one for video game meta, but after seeing a few contentious posts on the subject going around recently, I thought I’d offer an alternative perspective on the treatment of moral agency in Undertale.

I agree that the way player-driven moral choices are handled in Undertale can come off as bizarre and prone to unfortunate implications when taken as a commentary on actual, real-world morality - but that’s not the game’s primary thrust. Undertale is taking aim not at real-world moral systems, but at moral systems as they’re typically modeled in video games, with a particular focus on the fundamental paradox of the Hard Gamers Making Hard Choices ethos.

To unpack that a bit, it’s become fashionable in mainstream CRPGs to frame the player’s moral choices in terms of moral risk. You’ll be asked to make decisions based on incomplete knowledge of chaotic situations. Typically, making the “right” choice - which invariably means the more selfless choice - will impose a cost in game-mechanical resources that more self-serving choices will not. This risk may be enhanced with explicit or hidden time limits, or concealed “points of no return” that permanently change the game state in response to your actions in unpredictable or inobvious ways.

Furthermore, to the extent that the player is encouraged to identify with their character (and this identification is strongly encouraged in most mainstream CRPGs), the moral weight of the player’s character’s actions is explicitly identified with the moral agency of the player themselves. Most video game fandoms readily accept this framing: just think of all the times you’ve seen someone express that they couldn’t make a particular choice in a video game because doing go would make them feel personally guilty. Perhaps you’ve even been that player! In essence, you’re encouraged to understand your role as that of a Hard Player Making Hard Choices.

Except… none of that moral risk is real. Setting aside the fact that everyone involved is fictional, the nature of video games as a medium inherently undermines the basic mechanisms of that risk.

There’s no true uncertainty, because repeated playthroughs and depth-first exhaustion of dialogue trees can furnish perfect knowledge of the consequences of every possible choice.

There’s no true cost, because you can simply grind for resources to replace those that were “lost” by making the selfless choice.

There are no true points of no return, because you can always reload if you don’t care for the outcomes of your choices.

Granted, none of this matters when we’re talking about the moral weight of the player character’s choices, because the player character isn’t operating in this context. They’re too low on the symbol-referent ladder to have access to this level of agency; the artifice is their reality. However, mainstream CRPGs would demand that the moral weight of the player character’s actions be identified with the moral weight of the player’s actions - and in so doing, they defeat themselves by reducing their own mechanisms of moral risk to sleight of hand. The man behind the curtain is revealed.

This is the paradox of the Hard Players Making Hard Choices ethos.

To return to the topic at hand, the core conceit of Undertale is that the player character is able to “reload”, resetting their personal timeline to an earlier state while retaining knowledge of every previous timeline thus annihilated. That this ability is framed in game-mechanical terminology isn’t accidental: at its heart, it represents an effort to cut the Gordian knot of player agency in video game moral systems by presenting us with a player character who engages with moral risk on the same level that the player themselves does.

Undertale then presents a simple question: if we accept the premise, as mainstream CRPGs would have us do, that the moral agency of the player character is identifiable with the moral agency of the player, does the fact that the best possible outcome can always be achieved with no risk, uncertainty or cost imply a moral obligation to seek that outcome, no matter how difficult or time-consuming it might be?

It will come as no surprise to anyone who’s played it that the game’s narrative has strong opinions on the answer to that question!

Of course, every thesis has an antithesis, and Undertale doesn’t neglect to address that, either. What if we reject the moral conceit of mainstream CRPGs, that the moral agency of the player character is identifiable with the moral agency of the player? That is, what if we assert that our elevated position on the symbol-referent ladder with respect to the characters who inhabit video game narratives exculpates us of any moral responsibility toward them?

The hell of it is that Flowey’s actions are completely reasonable from that perspective. His monologue in the closing act of the No Mercy route clearly analogises his inability to feel love or empathy with that of a video game player whose suspension of disbelief doesn’t allow them to empathise with fictional characters. This comes off as monstrous because we’re viewing it through a narrative lens that privileges the moral identification of player with player character, even as it criticises it - but that monstrosity shouldn’t be taken as a criticism of emotionally detached players.

Rather, it’s the same paradox of moral risk, this time turned upon the game developers themselves: if the framing of your game’s morality mechanics with respect to the player’s moral agency demands that certain actions be regarded as monstrous on an out-of-game level as well as an in-game one, why on Earth would you ever include content that rewards those actions?

At first blush, it might seem that Undertale fails to follow though here - after all, pursuing the No Mercy route gets you the most awesome boss fight in the game, right? However, this is revealed as a bait and switch: the “reward” for winning that fight permanently ruins the game, unless you go to the trouble of reinstalling it on a different computer and/or have enough technical savvy to hack your system registry and make it “forget” what you did. It’s perhaps the most sublime player facing fuck-you I’ve ever seen in a video game.

2

Look at the tears in my lil Seb’s eyes. His acting skills never cease to inspire me. This is nearly it, folks - penultimate chapter! Strangely, I won’t miss this one as much as Stolen. I think it’s probably because I wrote it all out beforehand. Less of a thrill. Less tension. Necessitating tagging are @the-loud-and-crazy-rabbit-pirate, and @procrastinatingvirgo. Anyway, enjoy my darlings!

WHAT THE FUCK HAPPENED TO BUCKY?! IS THIS BECAUSE OF STEVE?! PLEASE POST THE NEXT CHAPTER SOON!!!

Civil War (Part 12)

Part 11

Steve whistled to himself as he put the keys in the lock. According to Natasha, Bucky had gone out for the night with Clint meaning that Steve was in the rare circumstance in which the door to his apartment was actually locked. Thankfully he had remembered to take a key with him.

He always felt better after a jog and today was no exception. The sun was out but there was a gentle breeze accompanying it. Perfect. He’d also handed Sam’s ass to him – again – which was always a cause for celebration. Maybe he’d let himself have something unhealthy from the fridge as a–

The door swung open before Steve could unlock it and he came face to face with a very conflicted looking Bucky Barnes. He was biting his lip and his eyes shifted constantly between him and the floor.
“Buck?” He whispered. “When did you get back? Nat said-”

“I’ve done a bad thing, Steve.” He interrupted, his voice low and hushed. “A very bad thing.”

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SLYTHERIN: “Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Yet, in spite of the ubiquity of the phenomenon, there is no word for the exact opposite of fragile. Let us call it antifragile. Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better.” -Nassim Nicholas Taleb (Antifragile: Things That Gain from Disorder)

Important Security Information for Yahoo Users

By Bob Lord, CISO

Following a recent investigation, we’ve identified data security issues concerning certain Yahoo user accounts. We’ve taken steps to secure those user accounts and we’re working closely with law enforcement.

What happened?

As we previously disclosed in November, law enforcement provided us with data files that a third party claimed was Yahoo user data. We analyzed this data with the assistance of outside forensic experts and found that it appears to be Yahoo user data. Based on further analysis of this data by the forensic experts, we believe an unauthorized third party, in August 2013, stole data associated with more than one billion user accounts. We have not been able to identify the intrusion associated with this theft. We believe this incident is likely distinct from the incident we disclosed on September 22, 2016.

For potentially affected accounts, the stolen user account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (using MD5) and, in some cases, encrypted or unencrypted security questions and answers. The investigation indicates that the stolen information did not include passwords in clear text, payment card data, or bank account information. Payment card data and bank account information are not stored in the system the company believes was affected.

Separately, we previously disclosed that our outside forensic experts were investigating the creation of forged cookies that could allow an intruder to access users’ accounts without a password. Based on the ongoing investigation, we believe an unauthorized third party accessed our proprietary code to learn how to forge cookies. The outside forensic experts have identified user accounts for which they believe forged cookies were taken or used. We are notifying the affected account holders, and have invalidated the forged cookies. We have connected some of this activity to the same state-sponsored actor believed to be responsible for the data theft the company disclosed on September 22, 2016.

What are we doing to protect our users?

We are notifying potentially affected users and have taken steps to secure their accounts, including requiring users to change their passwords. We have also invalidated unencrypted security questions and answers so that they cannot be used to access an account. With respect to the cookie forging activity, we invalidated the forged cookies and hardened our systems to secure them against similar attacks. We continuously enhance our safeguards and systems that detect and prevent unauthorized access to user accounts.

What can users do to protect their account?

We encourage our users to visit our Safety Center page for recommendations on how to stay secure online. Some important recommendations we’re re-emphasizing today include the following:

  • Change your passwords and security questions and answers for any other accounts on which you used the same or similar information used for your Yahoo account;
  • Review all of your accounts for suspicious activity;
  • Be cautious of any unsolicited communications that ask for your personal information or refer you to a web page asking for personal information;
  • Avoid clicking on links or downloading attachments from suspicious emails; and
  • Consider using Yahoo Account Key, a simple authentication tool that eliminates the need to use a password on Yahoo altogether.

For more information about these security matters and our security resources, please visit the Yahoo Security Issue FAQs page, https://yahoo.com/security-update.

Statements in this press release regarding the findings of Yahoo’s ongoing investigations involve potential risks and uncertainties. The final conclusions of the investigations may differ from the findings to date due to various factors including, but not limited to, the discovery of new or additional information and other developments that may arise during the course of the investigation. More information about potential risks and uncertainties of security breaches that could affect the Company’s business and financial results is included under the caption “Risk Factors” in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2016, which is on file with the SEC and available on the SEC’s website at www.sec.gov.

Why it's Important to Stick With Things (when they're tough)

Endurance.

I once spent two years applying to the hospital I’d dreamed about working in. Two years of knock backs until one day they said yes. It wasn’t the position I’d dreamed of, yet I was pleasantly surprised by a new specialty, lending to a well rounded experience - and a stepping stone. Never underestimate the importance of endurance when it feels like all is going to hell.

Don’t compare your track with others

I’ve been told I won’t ever land a position in Nursing Education, because I haven’t “done enough time as a nurse.” It’s been just over 8 years. And although they haven’t necessarily been right, I’ve been offered multiple nursing educator opportunities. I’ve learned I want to be the kind of nurse/nurse educator as some of my predecessors, but I mostly want to be me.

Endings are often disguised as beginnings

The biggest disappointments, or failures are the reminders we don’t want to see, but they’re reminders nonetheless - of what we don’t want, what’s not inherently right, and a catalyst to where we are heading (even if even if we aren’t sure where that is yet).

It’s all learning, no matter the prestige (or lack thereof)

I have worked for elite colleges/hospitals who commanded respect by name alone, and I have worked for a community colleges/hospitals that fought for its right to be respected - neither was a right fit, but every experience provoked me, and that’s sort of the best you can expect as a learner from the ground up.

Hypocrisy

People will provide unsolicited opinions “just take this, or that job,” or, “ we’ll maybe you should think about a different area”. People will always have great opinions about things they would rarely accept for their own career choices. Never mind the suggestions. There’s no greater fear in following your own instincts or choices, but at least they are your own.

Redirect

Shift your attention outward. Be mindful of others. Surround yourself with people who share understanding without judgment or unsolicited opinions, also surround yourself with the realists who understand it takes more than a dream and a prayer to find peace & happiness in your daily work. Often it’s the people who are listening to your goals, provoking you to take risks in what you want to try, but fear, are the people who understand you best.

Embrace the Uncertainty

I applied to at least ten jobs every day; sometimes more, sometime less but I did this every single day - even the days I wanted to quit nursing altogether. I refined my resume daily, I refined my cover letter. I set up alerts for job search engines. I combed the Internet looking for positions by typing in keywords of areas I was interested in, aside of typical job markets. Some days provided hope, most challenged my skittish commitment. Each day with no recruiter responses, I ended with wanting to give up. It’s likely I applied to hundreds of jobs. Each morning I began again, remembering it wasn’t about finding the perfect hospital, the perfect college, or the perfect role (it doesn’t exist) it was perhaps finding the role that was inherently right for me.

Risk of trying

Today, I begin my path as a nurse educator at the same organization noted in the first paragraph that knocked me back for about two years, before giving me a chance. They took a chance on a new pacu/critical care nurse then, and they’re taking a risk as a new educator in this field now.

The job did not fall into my lap, it wasn’t “luck.” It was years of hard work, applications to many jobs, defeats, perseverance, and vision on the days I wanted to quit.

Never give up on your vision.
It may take some detours, introspection, tears of frustration, failures, and some speed bumps, and it may not be the final step in the road - although the stop you need right now - it’s worth exploring what doesn’t work to find what does.

A quiet perseverance.
BAML: The crazy week of political news is triggering 'monster' moves in markets

(IMDB / Universal)

Just this week alone, a fired FBI director testified on whether the US president tried to shut down an investigation, key Middle Eastern countries isolated Qatar, and the UK held an election.

The specter of political risk prompted investor flows into bonds at the fastest pace in over two years, according to Bank of America Merrill Lynch. 

The bank’s clients this week triggered a $16 billion inflow into bonds, BAML said in a note on Friday. At the same time, $800 million flowed into gold, another asset that is favored when investors want to pare risk, in anticipation of the uncertainties surrounding all the political events.

It was a "monster week of inflows" into investment grade and high-yield bonds, with $11 billion pouring in, BAML said.

Also this week, flows into financial stocks slowed, though not by enough to reverse the bets that Wall Street has placed on banks, BAML said, in anticipation of deregulation and higher interest rates. While Comey’s testimony got most of the attention Thursday, the House passed a bill designed to roll back some of the strongest Wall Street rules from the financial crisis. 

A sense of déjà vu

Investors’ cautious move into bonds has not yet been followed by a volatile and widespread market reaction to the political events that are being hedged. 

Besides the 2.5% plunge in the British pound, global markets were relatively calm after the UK election ended with exit polls showing no clear winner. The pound stabilized overnight against the dollar as Prime Minister Theresa May, whose Conservative Party lost its majority in Parliament, confirmed that she would seek to form a new minority government including an informal alliance with Northern Ireland’s Democratic Unionist Party. May had called the election hoping to boost her Parliament majority.

Treasurys were in fact lower Friday, with the benchmark 10-year bond yield up by 1 basis point, at 2.211% at about 8:49 a.m. ET. US stock futures were green.

After markets absorbed Brexit and US President Donald Trump’s election, the UK vote provided a “sense of déjà vu,” said Lucy O'Carroll, the chief economist at Aberdeen Asset Management. 

“That said, we could see a fair amount of volatility in the coming days and weeks unless Westminster’s response to this surprise result is remarkably smooth, which is unlikely," O'Carroll added in a note. 

NOW WATCH: Animated map shows what the US would look like if all the Earth’s ice melted



More From Business Insider
Verizon to acquire Yahoo’s operating business

Today is a big day for Yahoo! This is the email that I sent to Yahoos around the world today. Given the interest around our journey to this point, I wanted to share more about today’s announcement. –Marissa


Dear Yahoos,

Moments ago, we announced an agreement with Verizon to acquire Yahoo’s operating business. This culminates a rigorous, thorough process over many months, and yields a great outcome for the company. Today’s announcement not only brings us an important step toward separating Yahoo’s operating business from our Asian asset equity stakes, it also presents exciting opportunities to accelerate Yahoo’s transformation. Among the many entities that showed interest in Yahoo, Verizon believed most in the immense value we’ve created, and in what a combination could bring our users, our advertisers, and our partners.

This is a good moment to reflect on Yahoo’s journey to date.

Yahoo is a company that changed the world.  Before Yahoo, the Internet was a government research project. Yahoo humanized and popularized the web, email, search, real-time media, and more.

What really sets Yahoo apart is the shared passion to create great products for our 1B+ users, and in doing so, transforming the world for the better. You can clearly see that spirit, that commitment, that fight in the work we’ve done together over the past few years. We set out to transform this company – and we’ve made incredible progress. We counteracted many of the tectonic shifts of declining legacy businesses, and built a Yahoo that is unequivocally stronger, nimbler, and more modern. We tripled our mobile base to over 600 million monthly users, we invested in and built Mavens from basically zero in 2011 into $1.6B of GAAP Revenue in 2015, we streamlined and modernized every aspect of our consumer products, and, with Gemini and BrightRoll, we dramatically improved our advertiser products. This only scratches the surface of what we’ve achieved… and we all know how much hard work it took to get here.

It’s because of that hard work and resilience, that Yahoo will realize amazing opportunities in its next chapter.

This sale is not only an important step in our plan to unlock shareholder value for Yahoo, it is also a great opportunity for Yahoo to build further distribution and accelerate our work in mobile, video, native advertising, and social. As one of the largest wireless and cable companies in the world, Verizon opens the door to extensive distribution opportunities. With more than 100 million wireless customers, a shared view of the importance of mobile and video ad tech, a deep content focus through AOL, Verizon brings clear synergies to the table. And with their aggressive aims to grow global audience to 2B users and $20B in revenue within the mobile-media business by 2020, Yahoo’s products and brand will be central to achieving these goals. Joining forces with AOL and Verizon will help us achieve tremendous scale on mobile. Imagine the distribution challenges we will solve, the scale we will achieve, the products we will build, and the advertisers we will reach now with Mavens – it’s incredibly compelling.  

The strategic process has created a lot of uncertainty, but our incredibly loyal and dedicated employee base has stepped up to every challenge along the way. Through the first half of the year, we met our operational goals and overachieved on plan. But, further, there are things that you cannot measure, like the passion of the people behind the products. The teams here have not only built incredible products and technologies, but have built Yahoo into one of the most iconic, and universally well-liked companies in the world. One that continues to impact the lives of more than a billion people. I’m incredibly proud of everything that we’ve achieved, and I’m incredibly proud of our team. For me personally, I’m planning to stay. I love Yahoo, and I believe in all of you. It’s important to me to see Yahoo into its next chapter.

As we work to close this agreement in Q1 2017, it’s more important than ever that we come together as one global team to continue executing on our strategic plan through the remainder of the year. We have delivered the first half of the year with pride, achieving our goals. Now, it is up to us to make Yahoo’s final quarters as an independent company count.

Yahoo is a company that changed the world.  Now, we will continue to, with even greater scale, in combination with Verizon and AOL.

Thanks,

Marissa

Important Additional Information and Where to Find It.

Yahoo will be filing with the Securities and Exchange Commission (the “SEC”) a proxy statement regarding the proposed sale of Yahoo’s operating business to Verizon Communications Inc., the definitive version of which will be sent or provided to Yahoo stockholders.  BEFORE MAKING ANY VOTING DECISION, YAHOO’S STOCKHOLDERS ARE STRONGLY ADVISED TO READ YAHOO’S PROXY STATEMENT IN ITS ENTIRETY (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) WHEN IT BECOMES AVAILABLE AND ANY OTHER DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION OR INCORPORATED BY REFERENCE THEREIN BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.  Investors and stockholders will be able to obtain (when available) a free copy of Yahoo’s proxy statement, any amendments or supplements to the proxy statement, and other documents filed by Yahoo with the SEC (when available) in connection with the proposed transaction for no charge at the SEC’s website at www.sec.gov, on the Investor Relations page of Yahoo’s website investor.yahoo.net or by writing to Investor Relations, Yahoo! Inc., 701 First Avenue, Sunnyvale, CA 94089.

Yahoo and its directors and executive officers may be deemed participants in the solicitation of proxies from its investors and stockholders in connection with the proposed transaction.  Information concerning the ownership of Yahoo securities by Yahoo’s directors and executive officers is included in their SEC filings on Forms 3, 4 and 5, and additional information is also available in Yahoo’s annual report on Form 10-K for the year ended December 31, 2015, as amended, and Yahoo’s proxy statement for its 2016 annual meeting of stockholders filed with the SEC on May 23, 2016. Information regarding Yahoo’s directors, executive officers and other persons who may, under the rules of the SEC, be considered participants in the solicitation of proxies in connection with the proposed transaction, including their respective interests by security holdings or otherwise, also will be set forth in the definitive proxy statement relating to the proposed transaction when it is filed with the SEC.  These documents may be obtained free of charge from the sources indicated above.

This post contains forward-looking statements concerning the proposed sale of Yahoo’s operating business. Risks and uncertainties may cause actual results to differ materially from the results predicted. Potential risks and uncertainties include, among others: (i) the inability to consummate the transaction in a timely manner or at all, due to the inability to obtain or delays in obtaining the stockholder approval, necessary regulatory approvals for the transaction or satisfaction of other conditions to the closing of the transaction; (ii) the occurrence of any event, change or other circumstance that could give rise to the termination of the purchase agreement; (iii) the potential adverse effect on Yahoo’s partner, advertiser, vendor and customer relationships, operating results and business generally resulting from the announcement of the transaction; (iv) the implementation of the transaction which will require significant time, attention and resources of Yahoo’s senior management and others within Yahoo, potentially diverting their attention from other aspects of Yahoo’s business; (v) risks related to Yahoo’s ability to retain or recruit key talent; (vi) the costs, fees, expenses and charges related to or triggered by the transaction; (vii) potential adverse effects on Yahoo’s business, properties or operations caused by Yahoo implementing the transaction; (viii) the anticipated benefits of transaction to Yahoo’s stockholders may not be realized; and (ix) the initiation or outcome of any legal proceedings or regulatory proceedings that may be instituted against Yahoo relating to the transaction.  More information about other potential factors that could affect Yahoo’s business and financial results is included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Yahoo’s Annual Report on Form 10-K for the year ended December 31, 2015, as amended, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2016, which are on file with the SEC and available on the SEC’s website at www.sec.gov. All information set forth in this communication is as of July 25, 2016. Yahoo does not intend, and undertakes no duty, to update this information to reflect subsequent events or circumstances.




Verizon to acquire Yahoo’s operating business

Transaction will create a new rival in mobile media technology reaching over 1B users* with a roster of the world’s most beloved brands

BASKING RIDGE, NJ, and SUNNYVALE, Calif. – July 25, 2016 – Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Yahoo! Inc. (Nasdaq: YHOO) today announce they have entered into a definitive agreement under which Verizon will acquire Yahoo’s operating business for approximately $4.83 billion in cash, subject to customary closing adjustments.

Yahoo informs, connects and entertains a global audience of more than 1 billion monthly active users** – including 600 million monthly active mobile users*** – through its search, communications and digital content products. Yahoo also connects advertisers with target audiences through a streamlined advertising technology stack that combines the power of their data, content and technology.

Lowell McAdam, Verizon Chairman and CEO, said: “Just over a year ago we acquired AOL to enhance our strategy of providing a cross-screen connection for consumers, creators and advertisers. The acquisition of Yahoo will put Verizon in a highly competitive position as a top global mobile media company, and help accelerate our revenue stream in digital advertising.”

Yahoo will be integrated with AOL under Marni Walden, EVP and President of the Product Innovation and New Businesses organization at Verizon.

Marissa Mayer, CEO of Yahoo, said: “Yahoo is a company that has changed the world, and will continue to do so through this combination with Verizon and AOL. The sale of our operating business, which effectively separates our Asian asset equity stakes, is an important step in our plan to unlock shareholder value for Yahoo. This transaction also sets up a great opportunity for Yahoo to build further distribution and accelerate our work in mobile, video, native advertising and social.”

Mayer added, “Yahoo and AOL popularized the Internet, email, search and real-time media. It’s poetic to be joining forces with AOL and Verizon as we enter our next chapter focused on achieving scale on mobile. We have a terrific, loyal, experienced and quality team, and I couldn’t be prouder of our achievements to date, including building our new lines of business to $1.6 billion in GAAP revenue in 2015. I’m excited to extend our momentum through this transaction.”

Tim Armstrong, CEO of AOL, said: “Our mission at AOL is to build brands people love, and we will continue to invest in and grow them. Yahoo has been a long-time investor in premium content and created some of the most beloved consumer brands in key categories like sports, news and finance.”

Under Armstrong, AOL has invested in and grown global premium brands, including The Huffington Post, TechCrunch, Engadget, MAKERS and AOL.com, and market-leading programmatic platforms – including ONE by AOL for both advertisers and publishers.

Armstrong added, “We have enormous respect for what Yahoo has accomplished: this transaction is about unleashing Yahoo’s full potential, building upon our collective synergies, and strengthening and accelerating that growth. Combining Verizon, AOL and Yahoo will create a new powerful competitive rival in mobile media, and an open, scaled alternative offering for advertisers and publishers.”

The addition of Yahoo to Verizon and AOL will create one of the largest portfolios of owned and partnered global brands with extensive distribution capabilities. Combined, AOL and Yahoo will have more than 25 brands in its portfolio for continued investment and growth. Yahoo’s key assets include market-leading premium content brands in major categories including finance, news and sports, as well as one of the most popular email services globally with approximately 225 million monthly active users****. Additional technology assets in the advertising space include Brightroll, a programmatic demand-side platform; Flurry, an independent mobile apps analytics service; and Gemini, a native and search advertising solution.

The deal is subject to customary closing conditions, approval by Yahoo’s shareholders, and regulatory approvals, and is expected to close in Q1 of 2017. Until the closing, Yahoo will continue to operate independently, offering and improving its own products and services for users, advertisers, developers and partners.

Verizon will generally issue cash-settled Verizon RSUs for Yahoo RSUs that are outstanding at the close.

The sale does not include Yahoo’s cash, its shares in Alibaba Group Holdings, its shares in Yahoo Japan, Yahoo’s convertible notes, certain minority investments, and Yahoo’s non-core patents (called the Excalibur portfolio). These assets will continue to be held by Yahoo, which will change its name at closing and become a registered, publicly traded investment company. Yahoo will provide additional information about the investment company at a future date.

Yahoo intends to return substantially all of its net cash to shareholders and will determine and communicate a specific capital return strategy at an appropriate time.

LionTree Advisors, LLC, Allen & Company LLC, Bank of America Merrill Lynch and Guggenheim Securities, LLC are acting as financial advisors to Verizon. Wachtell, Lipton, Rosen & Katz, Gibson, Dunn & Crutcher LLP, Covington & Burling LLP and Winston & Strawn LLP are acting as legal advisors to Verizon.

Goldman, Sachs & Co., J.P. Morgan Securities LLC and PJT Partners are acting as financial advisors to the Yahoo Board and its Strategic Review Committee. Skadden, Arps, Slate, Meagher & Flom LLP, Wilson Sonsini Goodrich & Rosati and Weil Gotshal & Manges LLP are acting as legal advisors to Yahoo. Cravath, Swaine & Moore LLP is independent legal advisor to Yahoo’s Strategic Review Committee.

Yahoo will hold an investor call at 5:30 a.m. Pacific/8:30 a.m. Eastern today. Investors can dial in at (866) 593-9949 and investors outside the U.S. can dial in at (973) 935-8154, using the conference ID 55971720. The call will be hosted by Yahoo CEO Marissa Mayer and Yahoo CFO Ken Goldman. Yahoo will also make the Chair of the Strategic Review Committee, Tom McInerney, and Yahoo Chairman of the Board Maynard Webb available for questions.

Verizon will announce second-quarter 2016 results tomorrow, July 26. To provide further context for investors about this transaction and other strategic initiatives, McAdam will participate in Verizon’s earnings webcast beginning 8:30 a.m. Eastern tomorrow. Access instructions and presentation materials, including Verizon’s earnings release, will be available at 7 a.m. on Verizon’s Investor Relations website, www.verizon.com/about/investors/.

*Based on Yahoo internal metrics, Jan. 2016 and AOL Internal, June 2016

**Yahoo internal user metrics, Jan. 2016

***Yahoo internal user metrics, Jan 2016

****Yahoo internal user metrics, Jan. 2016.  Mail monthly active users includes 58M IMAP/POP only users – ie. Yahoo monthly users that access their mail using other companies mail application

About Verizon

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, generated nearly $132 billion in 2015 revenues. Verizon operates America’s most reliable wireless network, with 112.6 million retail connections nationwide. The company also provides communications and entertainment services over America’s most advanced fiber-optic network, and delivers integrated business solutions to customers worldwide.

About AOL

AOL is a media technology company with a mission to connect consumers and creators through open marketplaces. AOL uses data to disrupt content production, distribution and monetization. The company connects publishers with advertisers across its global, programmatic platforms, tapping into Microsoft inventory and original content brands like TechCrunch, The Huffington Post and MAKERS, which reach over 500 million monthly global consumers. Within its mobile advertising network alone, AOL has a reach of roughly 600 million users. A subsidiary of Verizon, AOL is shaping the digital future.

About Yahoo

Yahoo is a guide to digital information discovery, focused on informing, connecting, and entertaining users through its search, communications, and digital content products. By creating highly personalized experiences, Yahoo helps users discover the information that matters most to them around the world – on mobile or desktop. Yahoo connects advertisers with target audiences through a streamlined advertising technology stack that combines the power of Yahoo’s data, content, and technology. Yahoo is headquartered in Sunnyvale, California, and has offices located throughout the Americas, Asia Pacific (APAC) and the Europe, Middle East and Africa (EMEA) regions. For more information, visit the pressroom (pressroom.yahoo.net) or the Company’s blog (yahoo.tumblr.com).

Yahoo!, the Yahoo family of marks, and the associated logos are trademarks and/or registered trademarks of Yahoo! Inc. Other names are trademarks and/or registered trademarks of their respective owners.

Important Additional Information and Where to Find It.

Yahoo will be filing with the Securities and Exchange Commission (the “SEC”) a proxy statement regarding the proposed sale of Yahoo’s operating business to Verizon Communications Inc., the definitive version of which will be sent or provided to Yahoo stockholders.  BEFORE MAKING ANY VOTING DECISION, YAHOO’S STOCKHOLDERS ARE STRONGLY ADVISED TO READ YAHOO’S PROXY STATEMENT IN ITS ENTIRETY (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) WHEN IT BECOMES AVAILABLE AND ANY OTHER DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION OR INCORPORATED BY REFERENCE THEREIN BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.  Investors and stockholders will be able to obtain (when available) a free copy of Yahoo’s proxy statement, any amendments or supplements to the proxy statement, and other documents filed by Yahoo with the SEC (when available) in connection with the proposed transaction for no charge at the SEC’s website at www.sec.gov, on the Investor Relations page of Yahoo’s website investor.yahoo.net or by writing to Investor Relations, Yahoo! Inc., 701 First Avenue, Sunnyvale, CA 94089.

Yahoo and its directors and executive officers may be deemed participants in the solicitation of proxies from its investors and stockholders in connection with the proposed transaction.  Information concerning the ownership of Yahoo securities by Yahoo’s directors and executive officers is included in their SEC filings on Forms 3, 4 and 5, and additional information is also available in Yahoo’s annual report on Form 10-K for the year ended December 31, 2015, as amended, and Yahoo’s proxy statement for its 2016 annual meeting of stockholders filed with the SEC on May 23, 2016. Information regarding Yahoo’s directors, executive officers and other persons who may, under the rules of the SEC, be considered participants in the solicitation of proxies in connection with the proposed transaction, including their respective interests by security holdings or otherwise, also will be set forth in the definitive proxy statement relating to the proposed transaction when it is filed with the SEC.  These documents may be obtained free of charge from the sources indicated above.

Verizon Forward-Looking Statements

In this communication Verizon has made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of operations. Forward-looking statements also include those preceded or followed by the words “anticipates,” “believes,” “estimates,” “hopes” or similar expressions. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The following important factors, along with those discussed in our filings with the Securities and Exchange Commission (the “SEC”), could affect future results and could cause those results to differ materially from those expressed in the forward-looking statements: adverse conditions in the U.S. and international economies; the effects of competition in the markets in which we operate; material changes in technology or technology substitution; disruption of our key suppliers’ provisioning of products or services; changes in the regulatory environment in which we operate, including any increase in restrictions on our ability to operate our networks; breaches of network or information technology security, natural disasters, terrorist attacks or acts of war or significant litigation and any resulting financial impact not covered by insurance; our high level of indebtedness; an adverse change in the ratings afforded our debt securities by nationally accredited ratings organizations or adverse conditions in the credit markets affecting the cost, including interest rates, and/or availability of further financing; material adverse changes in labor matters, including labor negotiations, and any resulting financial and/or operational impact; significant increases in benefit plan costs or lower investment returns on plan assets; changes in tax laws or treaties, or in their interpretation; changes in accounting assumptions that regulatory agencies, including the SEC, may require or that result from changes in the accounting rules or their application, which could result in an impact on earnings; and the inability to implement our business strategies.

Yahoo’s Forward Looking Statements

This press release (including, without limitation, the quotations from management) contains forward-looking statements concerning the proposed sale of Yahoo’s operating business. Risks and uncertainties may cause actual results to differ materially from the results predicted. Potential risks and uncertainties include, among others: (i) the inability to consummate the transaction in a timely manner or at all, due to the inability to obtain or delays in obtaining the stockholder approval, necessary regulatory approvals for the transaction or satisfaction of other conditions to the closing of the transaction; (ii) the occurrence of any event, change or other circumstance that could give rise to the termination of the purchase agreement; (iii) the potential adverse effect on Yahoo’s partner, advertiser, vendor and customer relationships, operating results and business generally resulting from the announcement of the transaction; (iv) the implementation of the transaction which will require significant time, attention and resources of Yahoo’s senior management and others within Yahoo, potentially diverting their attention from other aspects of Yahoo’s business; (v) risks related to Yahoo’s ability to retain or recruit key talent; (vi) the costs, fees, expenses and charges related to or triggered by the transaction; (vii) potential adverse effects on Yahoo’s business, properties or operations caused by Yahoo implementing the transaction; (viii) the anticipated benefits of transaction to Yahoo’s stockholders may not be realized; and (ix) the initiation or outcome of any legal proceedings or regulatory proceedings that may be instituted against Yahoo relating to the transaction. More information about other potential factors that could affect Yahoo’s business and financial results is included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Yahoo’s Annual Report on Form 10-K for the year ended December 31, 2015, as amended, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2016, which are on file with the SEC and available on the SEC’s website at www.sec.gov. All information set forth in this communication is as of July 25, 2016. Yahoo does not intend, and undertakes no duty, to update this information to reflect subsequent events or circumstances.

An Important Message About Yahoo User Security

By Bob Lord, CISO

A recent investigation by Yahoo has confirmed that a copy of certain user account information was stolen from the company’s network in late 2014 by what it believes is a state-sponsored actor. The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. The ongoing investigation suggests that stolen information did not include unprotected passwords, payment card data, or bank account information; payment card data and bank account information are not stored in the system that the investigation has found to be affected. Based on the ongoing investigation, Yahoo believes that information associated with at least 500 million user accounts was stolen and the investigation has found no evidence that the state-sponsored actor is currently in Yahoo’s network. Yahoo is working closely with law enforcement on this matter.

We are taking action to protect our users:

  • We are notifying potentially affected users. The content of the email Yahoo is sending to those users will be available at  https://yahoo.com/security-notice-content beginning at 11:30 am (PDT).
  • We are asking potentially affected users to promptly change their passwords and adopt alternate means of account verification.
  • We invalidated unencrypted security questions and answers so they cannot be used to access an account.
  • We are recommending that all users who haven’t changed their passwords since 2014 do so.
  • We continue to enhance our systems that detect and prevent unauthorized access to user accounts.
  • We are working closely with law enforcement on this matter.

We encourage our users to follow these security recommendations:

  • Change your password and security questions and answers for any other accounts on which you used the same or similar information used for your Yahoo account.
  • Review your accounts for suspicious activity. 
  • Be cautious of any unsolicited communications that ask for your personal information or refer you to a web page asking for personal information.
  • Avoid clicking on links or downloading attachments from suspicious emails.

Additionally, please consider using Yahoo Account Key, a simple authentication tool that eliminates the need to use a password altogether.

An increasingly connected world has come with increasingly sophisticated threats. Industry, government and users are constantly in the crosshairs of adversaries. Through strategic proactive detection initiatives and active response to unauthorized access of accounts, Yahoo will continue to strive to stay ahead of these ever-evolving online threats and to keep our users and our platforms secure.

For more information about this issue and our security resources, please visit the Yahoo Security Issue FAQs page, https://yahoo.com/security-update, which will be up beginning at 12pm (PDT).


Statements in this press release regarding the findings of Yahoo’s ongoing investigation involve potential risks and uncertainties.  The final conclusions of the investigation may differ from the findings to date due to various factors including, but not limited to, the discovery of new or additional information and other developments that may arise during the course of the investigation.  More information about potential risks and uncertainties of security breaches that could affect the Company’s business and financial results is included under the caption “Risk Factors” in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2016, which is on file with the SEC and available on the SEC’s website at http://www.sec.gov./

https://investor.yahoo.net/releasedetail.cfm?ReleaseID=990570