But the exclamation mark goes.
Yahoo! has officially called in the bankers to explore "strategic alternatives" for the company; in other words trying to find someone to buy up the non-Alibaba side of the business. "Separating our Alibaba stake from Yahoo's operating business is essential to maximizing value for our shareholders. In addition to the reverse …
>And the result will be that Google is buying Yahoo to enlarge their market share dominance!And the result will be that Google is buying Yahoo to enlarge their market share dominance!
to increase their market share by 0.000...1%, why ????
I guess MS will come to the rescue, they need yahoo for Bing, and always love to invest in pits, the deeper, the better - they will probably pay $10 to $15 bn ...
"As both shareholders and employees, all of us here at Yahoo want to return this iconic company to greatness. We can best achieve this by working with the committee to pursue various strategic alternatives while, in parallel, aggressively executing our strategic plan to strengthen our growth businesses and improve efficiency and profitability."
I've got an idea: bullshit-as-a-service! Just create a web interface to the bullshit generator they already use internally to generate these blurbs. Think how much other companies could save in PR fees!
"Destruction of shareholder value on this scale over this period of time should be considered criminal incompetence."
The shareholders employ the board. If they don't rock up to the AGMs & vote the directors off the board then they must be going along with what the board's doing. Ultimately the board & management are doing what the shareholders want, even if they only want it by default as it were.
"The Board is thoroughly committed to exploring strategic alternatives while simultaneously supporting management and the employees in their implementation of Yahoo's strategic plan. We believe that pursuing these complementary paths is in the best interests of our shareholders and will maximize value." ®
To see why this abuse of language is actually encouraged at places like Harvard Business School cast your mind back to James Murdoch hauled in front of MPs -- he managed to say almost nothing while sounding as if he was actually saying stuff.
Interesting! Debacle! Ye gods..when I got to the bit about Bobbie and his nickel I nearly drowned this puir wee iPad in nasally ejected tea as I laughed so hard at her blatant trolling of her minions.
Seriously, why is she still in charge of anything? (apart from the usual management mystique disease)
I can see why they hired her, she came from Google who are Yahoo's idols these days, and she is a woman so Yahoo look visionary for hiring her. Why she's still in charge, I can only assume because no one else wants the job.
2 articles in a row about Yahoo with no photo of her must be a record though.
There is one thing of value that yahoo have, and unfortunately for me, I'm one of those affected. There was a time when the internet was coming in, and I was about 16, when it seemed a good idea to grab a yahoo email address. That account is now the username to so many services that it would be a major ball ache to try to untangle myself from it. I've got my own domain now, but I think I'd probably be ok to pay a small subscription amount to route email to that, rather than change everything to directly hit it (where it's even possible to change it).
I don't think I'm the only one affected, so there's money to be made there...
I'd propose you lose a weekend and set about untangling yourself from the Yahoo monstrosity.
I was in the same position for the same reason (I came over to Y! from Rocketmail - remember them? and used the Y! email just for website logins rather than personal emails) but about 2-3 years ago I realised I was staking a rather big bet on Yahoo!'s continued existence and set about moving each login to individual addresses on my own domain.
Yes it was a major ballache and yes it took ages (and yes I had much better things to do) but Y!'s future is somewhat uncertain and it's easier to do a few logins at a time and check they work now than have to do the whole lot with a summary 28 days notice that Y! mail will be closing.
Y! Mail STILL cannot get the Reply-to option to work correctly - I doubt they would cover themselves in glory if they tried to do anything as complicated as what you're after.
They used to be one of the biggest names on the Internet in the 80's/90's but what are they selling nowadays? As far as I can see they are just a second rate search provider and purveyor of poor quality webmail/email. Yahoo used to be ubiquitous for setting up anonymous webmail/pop3 email accounts but their insistence on users providing a valid mobile phone number to set up accounts and their slow/bloated webmail interface has driven away many people. Also, just because I send someone an email doesn't mean I want to set up a social network and share personal information with that person! I used to have several Yahoo email addresses for different forums or uses, but now I have none. Apparently Yahoo also had some online publications that El Reg pointed out the other day that are closing; but hardly anyone knew they existed. Is that it? Does Yahoo offer anything else? If so it must be poorly marketed because I don't know what it is.
Do you see what I did there?!
You've all got the wrong end of the stick.
Yahoo! has achieved the ultimate in Web2-Unicornosity in that no-one [not even the people who run the company] have any idea whatsoever what it's supposed to be for.
That alone must make it worth absolutely billions.
Anyone wonders now what will happen to the Mozilla deal? Too bad Mozilla had no better option after Google got them the boot, looks like they are facing some more problems now beside of user loss thanks to cloning Chrome as much as possible ;)
Anyway, not crying for Yahoo. Another greedy comp which was ordering more than they have been able to consume. Good riddance!
Now I have to fiddle with all of my wife's ties to her Yahoo! account, of which there are a lot. I've been telling her for years to ditch Yahoo!, but what do I know? I'm going to sound the alert now, so my wife will get around to changing her crap before the whole thing goes under. Wish me luck.
I created a nice and informative website back in the good old days (around 1998) when Yahoo was the main source for anyone searching. They refused to list it. They never said why not, and yet loads of sites with no content other than links to other sites were listed. After several attempts I gave up and soon it didn't matter thanks to Google and others.
Glad to see them go.
And the non-threaded Yahoo Groups are awful as well.
The big question of course in the bidding process, does it or does it not, come with the M&M. Seriously if the only thing the M&M really manages to do is collect a sales commission on selling Yahoo after woeful turn at the helm, this after a public easing out the door demotion at Google, well, weren't the Yahoo board stupid to hire it.