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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
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.
We lose money on every sale, but make up for it in volume!!
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.
She's just laying down the case
Yeah right .
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.
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.
Does anybody else feel like Yahoo has become the tech equivalent of Uncle Rico, from Napoleon Dynamite?
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
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,
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.
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.
I'm the Anon you're responding to.
There was some useful yahoo news nuggets in the non big cap stocks in the Old Yahoo Finance. Sure some of it was sponsored and useless content, like Zacks. But it also had all the robo generated stuff everyone else had as well. Likewise the message boards of companies that are not large and have not spiked in price had some decent thoughts and discussions as well. (There is/was still some issues with trolls and pumpers/dumpers... But as long as you stayed off the large known companies, they were easily ignored.)
In any event, robo content and sponsored content is just the way it goes with the finance news these days. Unless you visit specific places for specific authors.
As for the best replacements. I'm using Barcharts for my generic page. It's really good with commodities. Ok-ish with stocks. But it's very basic site with all the info I need for my existing portfolio.
Then I use Finviz for a screener and researcher. It has a crap load of information that is easily formatted.
So Barchart and Finviz... Between the two Barchart gives me most of what yahoo finance did (minus the message boards and videos) and finviz gives me one of the better screeners (that probably only paid or broker services can beat.)
(And my broker has great tools as well, and sometimes I use them. However it's not wise to log in all the time, specially if you're not in your office with your secured internet connection.)
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.
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
I'm a billionaire on a non-GAAP basis
Why would she need to beg for her old job? Have you seen the size of her golden parachute ($200M IIRC)? The longer she drags this out, the more she gets paid. Why should she resign? She can hang on and keep getting paid, and then when they fire her she'll still get that golden parachute. After she leaves this place, she'll have so much money she won't need to bother with working any more. Sounds like a resounding success to me.
Based on this comment, you are a far worse person than she is.
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.
Her pay packet and golden parachute are just stunning. What on earth happened to bring those about?
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.
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.
Not to mention she had $300 million in the bank to begin with......
"First they came for the slanderers and i said nothing."
Yep, after all this is over with, she can retire to her private island and laugh at all the people calling her "incompetent".
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.
We never claimed such thing. All the technology that we had was developed by a core engineering and data science group (Inderjeet Mani for NLP/summarization, me for engineering). There are a lot of misconceptions and rumors about how we put this together. If you bother to search for the patents under our names you'll get a glimpse of what we built, how we built it, and why we kicked the pants out of anyone else doing summarization of breaking news at the time. And Nick, the British teenager in question, helped design some of the algorithms that we plugged to a high volume pipeline; he was a contributor to a larger engineering and science team that I managed.
Cheers!
http://eugeneciurana.com | http://ciurana.eu
I care about Human Rights and LBGT rights fall under that umbrella. It's nothing controversial.
Cheap storage VM.
Those kinds of people don't not work anymore. Odds are she moves onto another company and tries her hand at politics.
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.
Yeah, you're probably right. Carly Fiorina is a good example of this. If I were in her position, I'd just go enjoy my millions and relax, but for some reason she feels compelled to make a fool of herself even more by running for office.
Imagine the people they have in their circles. Think about the people you have in yours. How many people kiss your ass and tell you how great you are on a daily basis? I think that's all there is to it.
I say I'd buy some property that gives me privacy, build a lab to tinker, and live a life of leisure. But that might all change as your social circles change from getting wealthy. Bumping elbows with other CX level people doing "good" things and you feel like you have to keep up.
It is too bad "golden parachute" does not denote a backpack loaded with a golden anvil.