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(London.CityRegions.com, June 15, 2013 ) Stockport, UK -- The Yahoo company stated that it was to set up a large office in Times Square and would be launching a major update for its Flickr branch.
“For a while Yahoo has been looking for a home here in New York. We recently took out the lease on 229 West 43rd Street, right here in Times Square,” CEO Marissa Mayer said in a press event in Times Square.
The Yahoo offices now have 500 staff members in the New York area, which leaves room for 200 hires, according to the company. The Tumblr staff will remain at their current Union Square headquarters, said a spokesperson for the media company.
The same day of the announcement, the company noted it would have its first major acquisition in years, as it looked to upgrade its largest failure to day: Flickr.
The upgrade is said to offer around a terabyte of free photo storage, as well as allowing all users to have full resolution uploads and displays as a default option. The website has moved to a layout similar to Pinterest, and uses a page with photos without cropping.
“It’s heart-stoppingly beautiful. It’s all about the photos,” said Mayer.
The update is currently live, and has nearly a dozen billboards up and running in the Time Square area.
The company also recently launched an app specified for the Android, in order to match its iOS application.
“When I came to Yahoo the Internet petitioned me to make Flickr awesome again, and I do think Flickr is awesome again today. But it wasn’t me who made it awesome. I really want to thank the team,” Mayer said.
Mayer, regarding the Tumblr acquisition, stated that the acquisition began as potential partnership talks. She noted, however, that it turned to acquisition after the companies saw that they could “operate independently but sort of compliment each other.”
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