Apr 4, 2017

AOL CEO on Oath: security will be top priority


Speaking to CNBC Tuesday, AOL CEO Tim Armstrong said that there will be a "huge investment" in security when building the new AOL-Yahoo! merged brand, Oath.

"I think that consumers know that there's a possibility when you are using the internet, trust is the most important thing," Armstrong said. "We're putting a huge investment into security to resolve that situation."

Armstrong also said the Oath partnership agreement predated knowledge of Yahoo!'s massive 2014 security breach, which was revealed in October. "Marissa (Meyer) had been dealing with it. I think they're doing a good job focusing on it, and fixing the issues."

Why it matters: With billions of users across over 20 brands, the merger between AOL and Yahoo! will give Verizon access to a wealth of user data, and email data in particular. While AOL is no longer a top email client, the AOL email brand still houses millions of users' data, and is seeing spikes as Verizon migrates its email clients to AOL ahead of the merger. Assuring AOL email users that their data will be secure when merged with Yahoo!'s brand, and potentially Yahoo!'s email domain, will be a priority for Oath as it focuses on retaining users across throughout the brand merger.

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Trump indulges Wall Street with Milken pardon

Photo Illustration: Sarah Grillo/Axios. Photo: Chris Graythen/Getty Images

Donald Trump loves Wall Street shenanigans. Companies owned by him have declared bankruptcy six different times, and he was once sued alongside Mike Milken for participating in a scheme to artificially inflate junk-bond prices.

Driving the news: Trump pardoned Milken this week, with an official statement positively gushing over Milken's role in developing the wilder side of fixed-income capital markets.

Situational awareness

Photo: Win McNamee/Getty Images

Catch up on today's biggest news:

  1. Roger Stone sentenced to 40 months in prison
  2. Top NSC official reassigned to Energy Department amid "Anonymous" fallout
  3. Morgan Stanley to buy E*Trade in $13 billion deal
  4. Coronavirus slams companies' 2020 sales projections
  5. Black activist group gives its first presidential endorsement to Elizabeth Warren

Coronavirus kills 2 Diamond Princess passengers and South Korea sees first death

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. U.S. numbers include Americans extracted from Princess Cruise ship.

Two elderly Diamond Princess passengers have been killed by the novel coronavirus — the first deaths confirmed among the more than 600 infected aboard the cruise ship. South Korea also announced its first death Thursday.

The big picture: COVID-19 has now killed more than 2,100 people and infected over 75,000 others, mostly in mainland China, where the National Health Commission announced 114 new deaths since Wednesday.

Go deeperArrowUpdated 2 hours ago - Health