The company is obviously now an attractive acquisition target.
Crazy. They have a few properties (they call them that instead of products) that have usage: Fantasy Sports, News.
But where is growth coming from? Their acquisitions result in founder flight, their mobile experiments haven’t made a dent, and their largest properties see growth flatlining (my best guess) while sucking in more resources. And their display ad rates belie some serious weakness when Facebook captures more of advertisers’ budgets — and mobile display is the future of the industry. They’ve given up on search ads to Google in 2009 and it’s too late to resuscitate search tech. They’re clearly betting on a future of being a media company despite Marissa’s public announcements w the Tumblr acquisition, original content programming, and mobile news efforts.
Dead company walking?
Update: here’s an interesting analysis from Bloomberg about Yahoo’s core business.. arguing that breaking them up may unlock more value then any economies of scale could be had from remaining together. Kind of ironic for their newly acquired properties.
We didn’t make the first mp3, smartphone or tablet. But you can say we made the first modern mp3, smartphone and tablet," he says. "And I think now we’re making the first modern smartwatch.
In fact, one thing I have noticed is that the people who I consider to be good software developers barely ever apply for jobs at all. I know lots of great people who took a summer internship on a whim and then got permanent offers. They only ever applied for one or two jobs in their lives.
You are not hiring the top 1%. Seriously, you’re not.
This is a problem much bigger than Facebook. It reminded me of what can go wrong in society, and why we now often talk at each other instead of to each other.
The heart of why I’m still working in tech: to change this. Mat’s piece is great not only for the content, but his writer’s voice is a more benign version of what goes on in my head as I scroll through stream after stream of content each day (a much more benign version)
Also - masterful SEO troll for the title of the piece. Mat’s been rolling for his last two articles.