Everyone who's anyone knows, or should know, that Yahoo is undergoing some problems, makeovers and changes through the past 6 months. Their stock has fallen short lately, though increased tremendously since a year ago, while their employees seem to be crying mutiny against the alleged ill-run internet conglomerate. Keep in mind, the Yahoo search engine is second to only Google has the most popular search engine for internet users....not bad.
Now, let's not kid ourselves into thinking that the Yahoo empire is flushing down the tubes of this fickle internet toilet...(ha ha :) but, they are definitely turning a crossroad in their rise/maintenance of power.
The biggest news is that Terry Semel has stepped down from running Yahoo, and Jerry Yang has taken over as CEO of the company he co-founded. It all began during their annual meeting of the stock holders board, in which most of them came in to and left pretty unhappy and upset. Many of the managers and department executives at Yahoo have either resigned or pretty much been fired.
Lots of skepticism and opinion has been running wild throughout the internet news nerds/followers and especially those who hold stock in Yahoo. Some say, they aren't being managed efficiently, in fact, that's the biggest accusation against Yahoo for why their numbers don't look so good.
Another big story regarding Yahoo is the fact that Rupert Murdoch (of News Corps, owns MySpace) might sell Myspace to Yahoo, while keeping hold of at least 25% of their share. For Murdoch, and News Corps, this looks like an attempt to partner with a more established, consistent and reputable company like Yahoo...Let's call it, "family-friendly, warm and fuzzy feeling" type of company like Yahoo. Passing on their aquisition of sites like MySpace and bonding with Yahoo might bring in some better press regarding the way Murdoch runs business.
Hey, don't forget this one, Yahoo has also purchase Rivals.com, a popular sports network.
Only more time will tell, and I just wanted to fill you guys in on the latest Yahoo gossip, leaving speculation more research to you. Let me know what you think...
- Will Yahoo ever stand strong next to Google?
- Does Yahoo want to stand strong next to Google, or are they complacent sitting firmly on the second best bench?
- Will MySpace change after Yahoo takes over...(I HOPE SO. Side-note: MySpace represents everything I hate about monopolized web space and traffic...The layout sucks, the advertisements are overwhelming, security sucks and the spam is ridiculous.)
Related Technology News Posts
Dear MySpace, Enhance Our Experience...Not Your Advertising DOLLAR!Boo Hoo, Yahoo, Not Fair!
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Google's $1.65 Billion Purchase of YouTube-High Risk investment?
A Likely Alliance: Yahoo advertising IE7 by Microsoft on it's Search Results Page
External Link Resources
Yahoo's Board Making ChangesYahoo Buys Rivals.com
Five Steps to Turn Yahoo Around
