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TC Roundup: Welcome to the strange, upside-down world of Yahoo after the Alibaba IPO

Welcome to the strange, upside-down world of Yahoo after the Alibaba IPO: One of the major beneficiaries of this week's initial public offering of Alibaba stock is Yahoo, which owns 401 million shares of the Chinese e-commerce giant (Venture Beat).

Amazon Loses Key Payments Product Leader to Microsoft: Iain Kennedy, a six-year veteran of Amazon who ran product management for the company's local commerce efforts, has left for a new gig at Microsoft (Re/code).

BlackBerry's Makeover Is Taking Shape: BlackBerry Ltd. Chief Executive John Chen last month made a surprising promise: in an internal memo, he told employees that years of layoffs and shrinking had come to an end, and that the company would be scouting for acquisitions (The Wall Street Journal).

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