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Yahoo! (YHOO) Stock Surged After Releasing Password-Free, High-Security Mail Service

NEW YORK (TheStreet) -- Yahoo! (YHOO - Get Report) shares closed up 4.33% to $33.48 on heavy trading volume on Thursday after the company today rolled out a new mail service for Apple (AAPL) iPhones and Android (GOOGL) products, in an effort to eliminate hassles for users.

Through a feature called "Account Key," users will now be able to sign into their email accounts without typing in a password. The service will send a message to the smartphone connected to the account, where the users can then tap 'yes' or 'no' to sign in, Reuters reports.

The company said the new option is more secure since it prevents hackers from guessing what the password is.

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Additionally, Yahoo! introduced a revamped version of Yahoo! Mail that lets users to search Hotmail, AOL (AOL) or Microsoft's (MSFT) Outlook while they're logged into their Yahoo account, the Associated Press said.

Yahoo! is spending millions of dollars in its e-mail service as it competes with Alphabet (GOOGL) and other companies...


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