“Yahoo! on Tuesday said it will sell about one-third fewer Alibaba shares than expected — but even this shareholder-friendly news wasn’t enough to deodorize an otherwise stinky quarter,” Kaja Whitehouse reports for The New York Post.
“The Web portal reported that revenue minus traffic acquisition costs for the second quarter fell 3 percent from last year — well below analysts’ already dampened expectations for a gain of 8 percent,” Whitehouse reports. “Net earnings of 37 cents a share were up 5 percent from last year, but also fell short of expectations for 38 cents — minus commissions paid to partners for Web traffic.”
“She said she expects the issues to be fixed in the next two quarters, but made investors jittery with her prediction for a years-long revamp of the entire company,” Whitehouse reports. “‘A transformation of this size and scale will take multiple years,’ Mayer warned on the conference call.”
Read more in the full article here.
MacDailyNews Take: Yahoo’s engines, maybe not, but…
[Thanks to MacDailyNews Reader “Matthew R.” for the heads up.]
“CEO Marissa Mayer unable to rev company engine” big Shocker!
She revs my engine
She has a raspy sort of voice. Sounds like something was stuck in her throat.
Really? Do us guys need to go there?
You beat me to saying that. 🙂
Rebuilding a rudderless ship can take a long time. I hope she succeeds.
I see it as a big gamble to think that one can come from behind to challenge Google by just “doing the same things better.”
If I was to make a blind guess of what is better in the age of mobile, I would look for truly innovative MOBILE FIND. How do you do that?
My guess would be a very simple app that says:
What Do You Want? _________________________
Within What Distance? _____________________
Ya Who = _______________________
Simplicity, simplicity, simplicity.
Keep it simple and make it work 100%
Rearranging deck chairs can sometimes be rewarding…
Give everyone one of those red balls… Easier to roll around when “rearranging.”
Time to retire this picture of Ms. Mayer.
Oh no it’s not!
Ugly and jealous is no way to go through life, son.
;~)
Neither is fat, drunk and stupid
Pull the trigger, Tim. Buy Yahoo and use it to craft an Apple search engine. Change the game.
Yahoo did away with homegrown search.
They use bing for all their searches.
The company retains the ability to do search. They have the technology, the patents, and the people to do it. Microsoft simply has exclusive rights, but Marissa has wanted out of the deal practically from the day she became CEO.
Hmmm.
Buy Yahoo and DuckDuckGo.
And then their were three …
Or better yet: continue to buy small undervalued companies with useful IP, and keep ignoring advice to buy massive companies in decline.
For what it’s worth, I think she needs to declare thermonuclear war on Google and leapfrog their search engine. Their other acquisitions and content initiatives have all been quite “meh.”
Maybe there was a reason she didn’t get promoted at Google…
The only reason I clicked this story was for Marissa on the beach ball. I was ready to complain to MDN if it wasn’t there. But MDN came through. Jolly good show.
Two words: no underwear.
Well that make me go back and check the photo again. Don’t think so here.
I checked this headline just to see if the famous Marisa pic was present.
Yup. MDN, always predictable. 🙂