Microsoft is stepping out of the web display advertising business. According to a new report out of Bloomberg, Microsoft will shift the ad operations over to AOL and AppNexus, reportedly cutting 1,200 jobs in the process.
Similarly, news broke earlier today that Microsoft would move away from collecting mapping imagery itself, selling some of its Bing assets and transferring 100 of its employees to Uber in the process. All of this follows a company email sent out by Satya Nadella last week, in which the Microsoft CEO said that the company would have to make some "tough choices" going forward as it shifts focus away from areas "where things are not working."
Update: Microsoft has now commented on the partnership with AOL and AppNexus in a new blog post, saying the following:
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