24
Marissa Mayer admits Yahoo should have bought Netflix instead of Tumblr
(www.businessinsider.com)
this post was submitted on 07 Nov 2023
24 points (90.0% liked)
Hacker News
4122 readers
2 users here now
This community serves to share top posts on Hacker News with the wider fediverse.
Rules
0. Keep it legal
- Keep it civil and SFW
- Keep it safe for members of marginalised groups
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Here in the Valley, Yahoo became known in the ‘00s for ruining acquisitions. In particular, what they did to Flickr was an abomination; it should have become Instagram, but instead Yahoo ran two other photo-sharing services at the same time and let Flickr fester and not really progress.
Yahoo was idiotic and passed on buying both Google and Facebook also. Zero business sense.
Great internal infrastructure however. Didn't realize how great it was until I went elsewhere.
Meanwhile, they also got ripped off on dumb shit like broadcast.com.
One billion dollars for what exactly? So dumb.
You tell me. I have never understood that transaction. The tech was mostly vapor, and IIRC there weren’t really any paying customers.
Jason Scott compared "We've been acquired by Yahoo!" with hearing "We found a lump."
Pretty sure that was from the talk The House Is On Fire, The Fire Trucks Are On Fire, The Fire Is On Fire. Definitely a talk that referenced Our Incredible Journey, a blog about company announcements going 'exciting news, your data is part of the big family at-- nevermind it's all gone now.'