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Marissa Mayer Says Yahoo Continues To Make Solid Progress, Earnings Report Says Otherwise (fool.com)
tomhath quotes a report from Fool: Yahoo! CEO Marissa Mayer tried to emphasize the progress that the company has made. "We continue to make solid progress against our 2016 plan," Mayer said, and "in addition to our efforts to improve the operating business, our board has made great progress on strategic alternatives." The CEO argued that the results met or exceeded the company's own guidance. Yahoo! was able to post a revenue increase by changing the ways that it presents revenue related to its search agreement with Microsoft, and without that change, adjusted revenue of $1.055 billion was down 15% from the year-ago quarter. That was even worse than the 13% drop investors were expecting, and adjusted EBITDA fell by more than a third. That resulted in adjusted net earnings of $0.09 per share, missing the consensus forecast by a penny but also glossing over a $440 million net loss on a GAAP basis. The company took a $395 million goodwill impairment charge and an $87 million intangibles impairment charge related to its Tumblr unit, determining that the fair value of the division is less than the amount indicated on Yahoo!'s balance sheet. It was also revealed that Yahoo is writing down the value of its Tumblr acquisition by $482 million, citing lower projections for the social network's future performance, according to a report from CNNMoney. Last quarter, the company took a $230 million write-down on its Tumblr acquisition. Since Yahoo acquired Tumblr for $1.1 billion in 2013, Yahoo has written down more than half of its value.
If she told me the sky was blue I'd glance up just to check.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
"Yahoo"... The brand is the problem. It sounds like a good name for a personal website in 1998 (with 85 gifs and a turquoise background). link
How does it have ANY value?
I fear for my email. Not because Yahoo! mail is great, but because I'd rather not have Google or Microsoft controlling my mail.
"There are a dozen opinions on a matter until you know the truth. Then there is only one." - CS Lewis (paraprhase)
What if yahoo was just a straw man put together to finance acquisitions so that a few could sell their worthless unicorns, then die slowly so that it did not attract too much attention. What a great exit strategy that would have been if actually architected and executed.
She's just laying down the case for her upcoming bonus..
What then? Huh?
Yahoo has some valuable web properties, but they're hurting themselves badly lately.
Take for instance Yahoo Finance. It's the largest, in terms of users, finance site online. Roughly 200m unique people. Many of them (including my self) are daily users for almost 2 decades. In using Yahoo Finance you typically use some other properties of yahoo, such as Email (required for an account), message boards, news (linked from the main page and from individual company information.), and video (which is forced down your throat in the last 2-3 years.)
That's worth quite a bit of money, in fact I'd say it's one of the few properties left that yahoo hasn't screwed up in 30 years... until last week. You see, the site layout for Yahoo Finance hasn't changed in 20 years. Sure there have been a few new things here and there, but for the most part it was a simple, easy to load page, with LOTS of information on a single page or two.
However a while back they merged Sports, Entertainment, and Finance into the same department. Probably because Yahoo wanted for a time to become a media company. Sports and Entertainment got a make over to make them more Mobile/web3.0 friendly. Large amounts of white space, infinite scrolling, minimal amount of interface/links, etc. They finally got around to doing it to Yahoo Finance. Only problem this sort of thing doesn't work for the type of people who use finance. As such it has been critically panned by pretty much everyone, it's completely useless, and seems to be designed by people who have zero financial literacy, or at the very least don't understand the basics/needs of financial markets. Nearly everyone is flocking to other sites which provide nearly the same amount of functionality as the old Yahoo Finance, including myself, my father, and a number of friends.
Bit of a long rant, but Yahoo is eroding their own value. And its their own fault. Yahoo Finance and properties linked to it imo were about the only positive web properties Yahoo held. (Same could be said for Sports, and there is an over lap for most of those properties.)
They just need to spin off their Baba holdings, and takes Verizon's billion dollar offer and be done with it. It'll be bad for the internet, but it's about the only good business decision they have left unless someone has a better offer on the table.
I went and looked at the Yahoo home page and it is terrible. It is like the National Enquire vomited on People magazine not to mention the sponsored links. They need some quality control IMHO or maybe I am just not their target.
See my blog http://ilovecookes.blogspot.com/ for light hearted technical information.
Offtopic, but still the most contributory post in this thread. I was saddened that my spicy Christian chicken biscuit was taken off the menu. It costs almost $2 to have them put the spicy patty from the sandwich on the biscuit.
Who goes to that horrible, exclusionary, hate spreading place anyway? Didn't they all go out of business? They should. Same with Hobby Lobby. Bunch of hateful, exclusionist folks. Both companies need to move forward in their thinking - which means new owners or going out of business. I'm surprised slashdotters would purchase from either of them.
It's OK, but it's individual company data is loaded with mistakes. The news is filled with sponsored content - all of it shit and thinly veiled advertisements.
I only use it on my iTouch (it was a gift, gimme a break) because it's there.
Google finance has too much robo-content which tells you nothing that you don't already know.
Bloomberg is the best.
The part that kills Yahoo is that they are around 50 percent clickbait, plus it seems they have an odd fixation on Kim Kardashian, the dumpster sex symbol. So I just link the sports, and stopped visiting the front page a good while back.
The shepherds did so well protecting the flock that the sheep no longer believed that wolves existed.
Now now. No need for body shaming. Would you do that to a male CEO - for example "balding, pudgy braying psychopath". I thought not. Let's cut it down to just "braying psychopath" please.
When they bought Tumblr I was like that is a TOTALLY good buy at a bargain of only $1,100,000,000. I mean, its like a website. What could have possibly have gone wrong? What geniuses they are over there.
I am also very disappointed.
They aren't hired for their solid grip on reality, they are hired because they are narcissistic types who will tell the shareholders what they want to hear regardless of the actual situation. She probably isn't even allowed to look at the books; it would be bad practice for any CEO to actually know the state of the company they are tasked with managing.
Damn_registrars has no butt-hole. Damn_registrars has no use for a butt-hole.
Does anybody else feel like Yahoo has become the tech equivalent of Uncle Rico, from Napoleon Dynamite?
horrible? It's on the better side for fast food, not great, but not bad. Exclusionary? I've never seen them turn away anybody. In fact the welcoming atmosphere has always felt kind of cult like to me. Almost too friendly. Hate spreading? Again, I don't really see that, see my whole exclusionary statement. And no, they did not all go out of business. In fact, based on any time I go to one the line out the door, I tend to think they're quite the opposite of going out of business.
Me's thinks you have a chip on your shoulder.
Yahoo also acknowledged that Tumblr â" its biggest acquisition under its current chief executive, Marissa Mayer â" was now worth only one-third of the $1.1 billion that Yahoo paid for it in 2013.
30% of $1 billion is $300 million! Tumblr is worth $300 million!! Indeed a revelation!!!
Ms Mayer made a miscalculation. If she was patient and not going into Yahoo, she had a chance to become the first woman CEO of Microsoft. Her competition Nadella is the poster child of mediocrity and she would have wiped the floor during CEO search.
Imagine the damage and the headlines she would have created if she played with M$. Yahoo is too small for someone of her talent.
Tat Tvam Asi
When they changed their website to the hideous, unusable pile of crap it is now I stopped visiting and contributing to their boards.
I still have an account but never use it and only check Messenger once in a blue moon (which is also going away).
You've dug your own hole, Marissa. You can't blame anyone else for Yahoo!'s failure.
We will bankrupt ourselves in the vain search for absolute security. -- Dwight D. Eisenhower
She happened to be at the right place, at the right time, and with the right connections. Remove all those, and what do you have? Nothing. A person devoid of any particular talents. Worthless.
What does Hillary Clinton have to do with it?
I have no doubt she trying to save her nice paycheck. Failing is a bad thing when you have basically done nothing to improve Yahoo. Maybe she needs to go back begging to Google for her old job? I don't think anyone has faith in her at this point at Yahoo. Any new buyer will certainly clean house anyway given what is happening. Better for her to leave voluntarily then being fired by the new owners.
Yahoos are legendary beings in the novel Gulliver's Travels (1726) by Jonathan Swift.
Swift describes them as being filthy and with unpleasant habits, resembling human beings far too closely for the liking of protagonist Lemuel Gulliver,
How dare all these misogynists question her wisdom as CEO! This just shows that all men in tech are all misogynerds who think women should be in the kitchen and pregnant!
Misogynerds! Why do you hate women?
If she was patient and not going into Yahoo, she had a chance to become the first woman CEO of Microsoft.
I've seen no evidence to support that thesis. Do you have information not available to the rest of us?
Imagine the damage and the headlines she would have created if she played with M$. Yahoo is too small for someone of her talent.
Talent can be situational which is why we have the Peter Principle. She was good at her job at Google apparently but it doesn't automatically follow that her skill set will translate elsewhere. I'm willing to believe she is a talented person but that doesn't necessarily mean she is the right fit for a particular job. It also can depend heavily on the people you have around you. Maybe she had the right people around her at Google but not so much at Yahoo.
A guy I used to work for was excellent at turnarounds. If you had a company that was ailing and needed someone to stop the bleeding and stabilize the company he was great at that. And he could keep the company profitable afterwards. But if you needed to grow the company, he wasn't the right guy for the job. He had little talent for sales, a brusque personalty, and wasn't able to invest with a long term horizon because frankly he was cheap. He was good at conserving money but not so good at making lots of it. Sometimes our talents fit a particular role well and when we venture outside of that role success becomes more dependent on luck.
Who's body shaming? I like horse-faced thunder-thighed women. Like Andrea Rosu for example.
...when you promote a woman purely on the basis of how well she can suck the bosses cock.
Mayer would have been a middle manager type if she hadn't of put out for Larry Page.
She should write a book "How I made 300 million dollars with only one cunt working for me".
Nothing to see here, just a CEO stuffing her parachute a little more before jumping out of the plane and letting it go down in flames.
You forgot "chair throwing" ;-)
Guns don't kill people; Physics kills people! - John Lithgow as Dick Solomon on Third Rock From The Sun
Dude, you're on the wrong site. This is Slashdot, which is full of both extremist libertarians and conservative Christian evangelicals. Neither one of those cares about LGBT rights.
If you're looking for intellectualism or socially progressive politics, this isn't the place for it. This is the place for curmudgeonly assholes to spew venom.
Although I am willing to believe that Marissa is talented, she was very unprepared for to lead Yahoo. To me, the first indication of it, was when she was hoodwinked into paying U$30 million for 'Summly', a news aggregation and summarization solution. It was a very relatively simple and rather rudimentary tool designed by a British teenager. They claimed the AI technology used had been vetted by MIT researchers. Such claim caught the attention of folks at Princeton who are working on the technology and obviously know who is whom in the field but that had never heard of this kid. So they contacted their fellow researchers at MIT but they had never heard of the guy, either. Assuming that Marissa did not perform appropriate due diligence when acquiring Summly, it makes one wonder about the other deals :-( I also heard that Marissa personally vets each and every new hire. Regardless, she will be giggling all the way to the bank.
1) Google "solid progress"
2) The top hit is this article
3) profit ???
Nice work Marissa, here's that extra bonus for you!
*google.co.uk was used for this demonstation
"How I made 300 million dollars with only one cunt working for me".
That would be stealing Hillary's autobiography.
I'm a billionaire on a non-GAAP basis
Um, have you ever BEEN to a Chik-Fil-A? Nothing but love and inclusion to be experienced in that place. Do you know why? It is because Jesus commands us to love each other as he loved us. Jesus loved all people, regardless of their sins, transgressions, and shortcomings. He died on the cross to pay for our sins, and believe you me, we are all sinners.
As a Christian, I know I am not endowed with the right to pass judgment. I live my life dedicated to loving my fellow man as Jesus loved me, and the folks at Chik-Fil-A do the same.
John 13:34-35 reads: 34 A new commandment I give to you, that you love one another: just as I have loved you, you also are to love one another. 35 By this all people will know that you are my disciples, if you have love for one another.
Colossians 3:12-17 is one of my favorite passages:
12 Put on then, as God's chosen ones, holy and beloved, compassionate hearts, kindness, humility, meekness, and patience, 13 bearing with one another and, if one has a complaint against another, forgiving each other; as the Lord has forgiven you, so you also must forgive. 14 And above all these put on love, which binds everything together in perfect harmony. 15 And let the peace of Christ rule in your hearts, to which indeed you were called in one body. And be thankful. 16 Let the word of Christ dwell in you richly, teaching and admonishing one another in all wisdom, singing psalms and hymns and spiritual songs, with thankfulness in your hearts to God. 17 And whatever you do, in word or deed, do everything in the name of the Lord Jesus, giving thanks to God the Father through him.
Nothing in the great word preaches hate and intolerance, for we may not judge. Matthew 7 spells it out:
7 âoeJudge not, that you be not judged. 2 For with the judgment you pronounce you will be judged, and with the measure you use it will be measured to you. 3 Why do you see the speck that is in your brother's eye, but do not notice the log that is in your own eye? 4 Or how can you say to your brother, âLet me take the speck out of your eye,â(TM) when there is the log in your own eye? 5 You hypocrite, first take the log out of your own eye, and then you will see clearly to take the speck out of your brother's eye.
Solid as opposed to liquid. In other words it is progress #2
She redesigned the Yahoo logo and contracted a personal daycare.
Given the horrible design, layout, and execution of the parts of yahoo I visit, they have outsourced all of their web design to a guy living in a hut in India. About the only thing I hang onto yahoo for is fantasy sports. If my league ever folds, I'm outta there.
"7 âoeJudge"
Oh that matthew, doesn't know the bible doesn't have unicode.
I am not sure they are really relevant any more. Their headline business, search, gets about 15 hits per day, and a third of them are typos for people thinking they want Yandex.
I may be making up these statistics, or I may have gotten them thanks to an efficient yahoo search.
Tilt at windmills. Occasionally one will fall over out of sheer surprise.
And yahoo at least attempted to stand against it, up to the point where they were being charged millions per day for denying requests, and losing a court case REQUIRING THEM TO.
Can't remember if it was just before or after Mayer took over, but it was one of a number of things yahoo has done over the years to attempt to be a good netizen, even if they were a corporation.
Not many places even do that much anymore.
I care about Human Rights and LBGT rights fall under that umbrella. It's nothing controversial.
Cheap storage VM.
How's all that no work from home policy working, Marissa? Already improved worker productivity and creativity I see...
Yes, actually, it is.
If you were in a crowd of leftists, centrists, Democratic voters, liberals, liberal leaners, etc., you'd be correct. This is not a site like that; this is a site full of extremists, both conservative and libertarian. Conservatives hate LGBT rights, and while good libertarians support them since they support equal rights, the extremist libertarians on this site are basically a bunch of assholes who combine social conservatism with extreme economic libertarianism so they don't care about LGBT stuff either.
The Tumblr acquisition is just another example of how they thought they could buy themselves out of their slump, a common error of many CEOs & boards. They completely failed to factor in the fact that everything they touch turns to shit.