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.
They need to sell off quickly.
By Anonymous Coward
•
2016-Jul-19 09:35
• Score: 5, Interesting
• Thread
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.
So sorry to see Yahoo go down.
By LWATCDR
•
2016-Jul-19 09:38
• Score: 3
• Thread
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.
Some value to Yahoo
By Ol Olsoc
•
2016-Jul-19 09:46
• Score: 3
• Thread
There are some aspects of Yahoo that are worthwhile. Their groups are easy to run and maintain, and they have a sports section that beats the pants off of Disneyfied ESPN. And it is simple to get rid of the email ads, by just forwarding the email to your normal email program.
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.
Ms Mayer made a miscalculation...
By bayankaran
•
2016-Jul-19 10:05
• Score: 3
• Thread
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.
Re:Yahoo the brand ..
By PopeRatzo
•
2016-Jul-19 10:17
• Score: 4, Insightful
• Thread
"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).
Say what you will about those ugly old websites, but at least they weren't tracking your every move and trying to upskirt your personal data for profit.