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Marissa Mayer admits Yahoo should have bought Netflix instead of Tumblr
(www.businessinsider.com)
this post was submitted on 07 Nov 2023
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This is the best summary I could come up with:
In an interview with Tech Brew, Mayer reiterated that one of her regrets was hiring the wrong chief operating officer, Henrique De Castro, whom she fired after 15 months on the job.
Under her leadership, Yahoo acquired the social blogging platform Tumblr in May 2013 in a $1.1 billion all-cash deal.
A source at the time told Insider Mayer was "very personally engaged in this deal," working late into numerous evenings.
Mayer's biggest regret, however, was not making "the tax-free Alibaba spinoff to separate the assets of the company," she told Tech Brew.
Mayer didn't immediately respond to a request for comment from Insider, made outside normal working hours.
Disclosure: Mathias Döpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member.
The original article contains 398 words, the summary contains 124 words. Saved 69%. I'm a bot and I'm open source!