Got Ads?
6/12/2008
  How Many Pooches Can Yahoo Screw?

Ugh. Sometimes the end does come with a bang and whimper at the same time.

Yahoo is giving up in search.

The stock lost 10% today, and will continue to descend to it's proper level of about $15 / sh. Until someone picks up the pieces for about half of what Yang was holding out for.

It's not just the shareholders - the search customers and Yahoo's regular users are all losers here. Not to mention the employees. It's not that fun watching a CFIT (controlled flight into terrain), which is what Yahoo! has been on ever since they hired Terry Semel.

Meanwhile, Google is up, and feeling good about the monopoly it has!

As Ash writes:

Microsoft offered $44.6B to acquire all of Yahoo! in early February.

Yahoo! Chief Yahoo spent 4 months trying to make that go away… today he settled for $800M in top line incremental revenue.

That means in some 50+ years (44.6B/$800M), investors will be indifferent. So net-net, “Jer”gets what he wants today, investors can go pound sand and come back in 2024.

Way to go, Jer.

I dumped my YHOO at $24.68 after MSFT pulled out. And I rolled it into GOOG. So I guess I can be thankful for that.

This is sad on so many levels. Back in 1995, I was the first employee of an ad serving company whose first customer was Yahoo!. It's sad to see Yahoo capitulate and march towards nothingness.

Oh, and did I mention that Jeremy Zawodny is leaving too. Need any more proof?

Maybe Yang and Decker can treat the remaining team to a premiere of "The Happening". Cause that seems depressingly similar to the nightmare Yahoo has committed against itself.

Labels: ,

 


Links to this post:

Create a Link



<< Home

Subscribe to GotAds?



Links



Recent Posts

How Many Pooches Can Yahoo Screw?


Archives

February 2005 /  March 2005 /  April 2005 /  May 2005 /  June 2005 /  July 2005 /  August 2005 /  September 2005 /  October 2005 /  November 2005 /  December 2005 /  January 2006 /  February 2006 /  March 2006 /  April 2006 /  May 2006 /  June 2006 /  July 2006 /  August 2006 /  September 2006 /  October 2006 /  November 2006 /  December 2006 /  January 2007 /  February 2007 /  March 2007 /  April 2007 /  May 2007 /  June 2007 /  July 2007 /  August 2007 /  September 2007 /  October 2007 /  November 2007 /  December 2007 /  January 2008 /  February 2008 /  March 2008 /  April 2008 /  May 2008 /  June 2008 /  July 2008 /  August 2008 /  September 2008 /  November 2008 /  December 2008 /  January 2009 /  March 2009 /