Yahoo! Black Friday
posted by Rick Webb 
on May 05, 2008 at 02:26 PM
filed under: Entrepreneurship
Rick Webb
Co-founder, COO : Boston
topics: Strategy, Search, Automotive, The Internet, and The Networks and the Internet
filed under: Entrepreneurship
I know it’s a bit too soon to speak, but is 24, 25 really a “black friday” for Yahoo!? 5 point premium over the start of this whole debacle?
And I, for one, think Jerry did the right thing. I know, I know, fiduciary duty, shareholder value, blah blah. He made his bed with shareholders and he has to live with it. But in my mind, Kenji
summed it up pretty nicely yesterday when I said I was against the merger: “why because Microsoft makes things that are broken and confusing and no one wants, and Yahoo! makes cool shit that does useful things and are well made?”
Kenji Ross
Developer, Creative : Boston
topics: Viral Marketing, Content, Websites, Agile and Scrum, and Social Networking and Community
Yeah. That.
Yahoo!’s a better company. It builds better stuff.
That being said, of course, it’s stock is woefully pathetic for how awesome the company is, and there’s no one to blame but the leadership. Maybe it’s time for someone else to take the reins. Of course, they tried that before and where did they get? And who would run it? Ideas?
3 comments
It would be even better if Ballmer had shorted the Yahoo stock.
They KNEW going into this weekend that Yahoo would say no. They had the whole scenario planned.
I too am against the merger, for similar reasons. But Yahoo is in trouble, and they are in some ways dependent on the dance partner they end up with. They said no to Microsoft - let's hope the next suitor is a little more positive.
this whole affair has actually increased yahoo's stock price by over $5/share, and decreased MS's by $2.50. interesting.