Yahoo on Monday named six people from the tech, media and financial industries to its board, including Hollywood actress Jessica Alba, as the company aims to diversify its offerings to compete with bigger players.
Yahoo, which sprung up during the age of desktop PCs hooked up to dial-up internet connections, has been looking to grow its offerings to compete with companies such as Alphabet Inc's Google and Meta Platforms Inc's Facebook.
Last year, Apollo Global Management Inc closed a $5 billion acquisition of Verizon Media and renamed it Yahoo after Verizon's famed digital brand.
Since then, the website has focused on building out Yahoo Finance and Yahoo Sports, while also focusing on advertising and e-commerce platforms. Yahoo named dating app Tinder's boss Jim Lanzone as its chief executive after the deal closed.
Alba, who is also the co-founder of consumer wellness products firm Honest Company, will be joined by Aryeh Bourkoff, the chief executive of LionTree, a bank that has advised some of the biggest media mergers, as well as Fouad ElNaggar, the chief executive of tech firms Array and Sapho.
Yahoo also appointed to its board Michael Kives, founder of investment firm K5 Global, Katie Stanton, who has served in executive operating roles at Twitter and Google, as well as Cynthia Marshall, the chief executive of American basketball team Dallas Mavericks.
Last year, Alba was part of a Dubai Tourism campaign with Zac Efron. The series, called Dubai Presents, saw the two stars recreate different genres of film, such as action or romance, to showcase different attractions and tourism spots around the emirate.
There were five videos released by Dubai Tourism, with all the trailers having been directed by Craig Gillespie. Dubai Presents was distributed in 27 countries and 16 languages.
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Some of Darwish's last words
"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008
His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.
Company: Instabug
Founded: 2013
Based: Egypt, Cairo
Sector: IT
Employees: 100
Stage: Series A
Investors: Flat6Labs, Accel, Y Combinator and angel investors
