It was just announced that Yahoo will fucking disappear, like a ghost during a cleansing, for just $5 billion. Both Yahoo Japan and their Alibaba stake will be ex’d out of the transaction, leaving the core business of Yahoo to be maligned and laughed at, by the many, as a failure of epic proportions.
Back in 2000, the company was valued at $125b. Back in 2008, MSFT bid $45b for them. I realize that it included both the Yahoo Japan and burgeoning Alibaba stake, which started out at $1b in 2005–but those stakes weren’t worth jack shit back then.
BEHOLD the grandeur and monumental failure of a Ms. Mayer, a singular person who has ransacked Yahoo, as well as her cronies, for all of its riches, whilst driving the core business so far into the ground, Verizon barely spit at it and bought it whole.
NOTE:. M. Mayers gets one final payday, $55m to leave, post haste.
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I would venture to guess any holdout employees who’ve been there for years, are sick to their stomach that once again, the top dog gets a $55M payout for a job horribly done while they’ve seen their friends let go for literally nothing or for being over 50. Thanks Marissa for doing a real bang up job. Grats. Did I misspell your name? I couldn’t care less.
+1
All these Fucking Google execs don’t seem too bright when the product doesn’t sell itself
But why? What does a phone company have in common with a bad search engine? Honest question. Never been good understanding tech. Are others in play?
Yahoo hasn’t used their own search engine in years. Their search is re branded Bing.
Yahoo has been a gold mine for the many CEO’s who have toiled there. They all walked away each time with millions.
Interesting to note that Mark Cuban sold Broadcast.com to Yahoo in 1999 for more than $5 billion.
Didn’t know Yahoo was worth that much.
F Wall Street is my campaign slogan. E-v-e-r-ything is overvalued. It obviously wasn’t “worth” 125B it wasn’t worth 45B it’s not worth 5 and MM is a bloodsucking ceo (congrats women you can now be included in that category) gleefully absconding with 55 mil
I ravaged all opponents in my early days of fantasy football. Rip.
If $YHOO market cap is >37B how can $VZN get it for 5B?
Alibaba and Yahoo Japan is ex’d out
I missed that part … so that’s what their core business is valued at. Sad. Marissa fucked up … and she gets $55M lol … when the average mortal fucks up gets punched in the nut sack
“See, that’s why we can’t win.”
“Why not?”
“They fuck up, they get beat. We fuck up, they give us pensions.”
Carver and Hauk, The Wire – Season 1 Episode 13.
Lol. Yahoo’s core business is valued at 5 billion.
While Verizon gets Yahoo for a song and a dance, $5 billion is still $5 billion.
Why spend even $5 billion on this POS?
If I owned $VZ, I’d pay $5B just to never have to hear of Mad Queen Mayer ever again