When Marissa Mayer introduced herself as yahoo’s inc.’s chief on October 2012, she then said “to grow and to help redefine one of the Internet’s most beloved companies” and, promised to profit the beloved company whom everybody had high hopes for.
Mayer said in October she was preparing to narrow down the company’s focus to few areas rather than focusing on all the topics, without providing more detail. Since then, the company has investors put on a hold to the plan and to spin off the shares in Alibaba Group Holding Ltd. BABA, +0.00% and failing to explore a sale of the business.
Now after three years and after her all the trying’s the growth hasn’t happened as she had planned. Hence, she has decided to announce the cross cutting plans on Tuesday. She plans to transfer the focus from taking market shares to making drastic cuts.
#Yahoo #MarissaMayer – Yahoo to decide the future of its Internet business after Febru https://t.co/9t99uP6gA1
— Vineet Bott (@BottVineet) January 23, 2016
https://t.co/pZSSrPwVfc First, Top management & board members pay cuts NOW, until satisfactory by the shareholders #YHOO
— Poster – Mark (@opencomments) February 1, 2016
All though potential suitors have already expressed interest on the matter but Yahoo’s board has put off any serious talks for now, people familiar with the matter said so.
After all this news the jokes on yahoo are on fleek.
At this rate, Yahoo will soon be reduced to a landing page. https://t.co/hISLKAI4Vt
— Wogan May (@WoganMay) February 2, 2016
@rbilton, ouch. Cheap shot Marissa Mayer jokes still flying. More importantly, where did you get google embracing viewability two years ago?
— Jason Kint (@jason_kint) June 26, 2014
