As Yahoo’s global online ad revenue is forecast to drop by 14 percent this year, and scrutiny of the embattled Internet company’s leadership continues, Starboard Value has initiated a shareholder revolt. Yesterday, in a letter to investors, the activist hedge fund introduced nine candidates to run for the Yahoo board (including Starboard chief exec Jeffrey Smith). Starboard, which holds a 1.7 percent stake in Yahoo, has called into question the leadership of Yahoo CEO Marissa Mayer and is looking to oust the company’s current board. Starboard hopes that such pressure will encourage the sale of Yahoo’s core businesses. Continue reading Starboard Suggests Replacements for Yahoo Board Members

Tesla recently unveiled its Tesla Energy system that will initially feature two products: the Powerwall, designed to power homes, and the Powerpack, for businesses and possibly public utilities. The Powerwall rechargeable lithium-ion battery will be available in 7 kWh and 10 kWh models, while the Powerpack will come in 100 kWh battery blocks with a reach of 10 Mwh and higher. Powerwalls have already been available to select customers, and Powerpacks will become available once Tesla’s Gigafactory goes online. Continue reading Elon Musk Wants to Power the World with New Battery System