So less than 1/5 of a linkedin. Is Yahoo's core business really that bad?
What is Yahoo's core business these days?
Sounds like the core business is actually "Owner of Alibaba stock".
Yahoo sold to US telecoms giant Verizon
221–230 of 367 posts
Re: Yahoo sold to US telecoms giant Verizon
#222Verizon shouldn't be allowed to own any web properties. They inject a unique subscriber identifier into your HTTP requests unless you turn it off. http://www.verizonwireless.com/support/unique-identifier-hea...
I use a VPN (Freedome) by default on the basis that people I'm paying for connectivity should only be providing that, and not any other "interesting" features like DNS catching, invisible proxies, or fucking with my HTTP.
Re: Yahoo sold to US telecoms giant Verizon
#223Can someone change the title to include the fact that this purchase is for the search and advertising operations part of Yahoo? Everyone here thinks it's for the entirety of Yahoo. It's like they didn't bother to read the article.
Maybe someone could remove those 'distracting, unnecessary quotation marks' as well. I think the BBC somehow thinks they're being ultraprecise by putting quotation marks around certain words, but it's just obnoxious.
It's just to indicate reported speech: "this isn't confirmed fact, it's something we've been told". Absolutely standard journalistic practice.
Re: Yahoo sold to US telecoms giant Verizon
#224Earlier quoted context omitted.
I'm of somewhat mixed minds on the question myself, though the fact that Rockefeller organised the industry for his own company's, and his own personal , benefit, gives strong pause. As to the price of oil, I can pretty much guarantee you it would have been far lower, though also quite probably much more volatile. I've posted a few times recently on the Texas Railroad Commission and general tendencies throughout the…
Thank you for the thoughtful comment. I believe I read that John D. bought up smaller companies because he was obsessed with the extractive commodity boom-bust cycle. His intention was to raise prices. I'm really interested in this comment: "oil prices are set low by the market" Do you mean when externalities are included? Re: consortia, and cabals - restricting output and raising prices will bring new entrants into…
The market considers only extraction costs, not the natural capital's costs of replacement, ultimately measured in either time or energy, or a combined function of the two.
It's as if you came into a windfall account, and could make withdrawals over time, but only counted cab fare to the bank as cost, not depletion of the principle amount.
I'm researching on why that was the case, though a developing understanding of many factors involved seems to be at play.
One book notes that at the present rates of consumption, a single cubic mile of U.S. coal reserves would last 1,000 years. And there were 1,100 such cubic miles, a one million years' supply.
(Henry Erni, 1865, https://archive.org/stream/coaloilpetroleum00erni#page/14/mo...)
At the time, estimates of the age of the Earth itself ranged from a few tens of thousands of years to perhaps a few tens of millions. So one million years was a substantial fraction of all eternity.
Oil was thought to flow underground in rivers, and the "rule of capture" from English common law held (and still does in some states of the U.S.).
Incentives were to massively over build extraction capacity, absolutely flooding markets, despite crashing prices.
Normal consideration of externalities still fails to properly account for this. It's a flaw in fundamental economic pricing theory. There was a time alternatives were considered. They've been wrongly abandoned.
Re: Yahoo sold to US telecoms giant Verizon
#225Earlier quoted context omitted.
Adjusted for stock returns (since it was an all stock deal), $1.3b. And that includes the huge Alibaba stake that is most of Yahoo's value, if that deal never happened and Yahoo was just what Verizon bought the total would be ~$169m. Mark was smart and bought puts to protect his stake and then sold it so that he wasn't tied to Yahoo. In retrospect he was really smart.
> Mark was smart and bought puts to protect his stake and then sold it so that he wasn't tied to Yahoo. In retrospect he was really smart. Also questionably legal. There's this little thing called SEC Rule 144 [0], which forbids this kind of action (attempting to preempt pump-and-dump IPOs and mergers). I have no knowledge of the specific details involved, but I find it unlikely that Cuban was not subject to Rule 144…
This is (afaik) a good description of his trade:
http://investmentxyz.blogspot.fi/2006/05/cubans-collar-anato...
I'm not familiar enough with the SEC rules to add anything to your comment, other than it's the first time I hear this and it's.. interesting?
Re: Yahoo sold to US telecoms giant Verizon
#226Yahoo got all cash, which is nice as it gives them more flexibility, the last thing they'd want after the Alibaba spin off fiasco is to have to try and sell 4.83 Billion in Verizon stock.
Bloomberg just put up a head line saying that Yahoo will return all the cash, minus Operating Costs to the share holders. If anyone has any guess as to how much "operating costs" will be, please email:)
So I guess queue Alibaba and SoftBank now to come in and divvy up the rest of the company?
From Matt Levine:
> "Marissa Mayer, Yahoo’s chief executive, is not expected to join Verizon, but she is due to receive a severance payout worth about $57 million," bringing her total compensation for about four years of work at Yahoo to $218 million.
Wow! So I guess the now decade old valley trick off spending a "few" years at google to start your career and leveraging the google name to get another job really is the way to go:)
Re: Yahoo sold to US telecoms giant Verizon
#227can someone explain why yahoo is worth a penny?
Re: Yahoo sold to US telecoms giant Verizon
#228Yahoo got all cash, which is nice as it gives them more flexibility, the last thing they'd want after the Alibaba spin off fiasco is to have to try and sell 4.83 Billion in Verizon stock. Bloomberg just put up a head line saying that Yahoo will return all the cash, minus Operating Costs to the share holders. If anyone has any guess as to how much "operating costs" will be, please email:) So I guess queue Alibaba and…
I find it hard to parse "not expected to join Verizon" against Mayer's explicit statement that "For me personally, I’m planning to stay. I love Yahoo, and I believe in all of you. It’s important to me to see Yahoo into its next chapter":
http://marissamayr.tumblr.com/post/147941613134/verizon-to-a...
Re: Yahoo sold to US telecoms giant Verizon
#229Yahoo got all cash, which is nice as it gives them more flexibility, the last thing they'd want after the Alibaba spin off fiasco is to have to try and sell 4.83 Billion in Verizon stock. Bloomberg just put up a head line saying that Yahoo will return all the cash, minus Operating Costs to the share holders. If anyone has any guess as to how much "operating costs" will be, please email:) So I guess queue Alibaba and…
There has been a lot of debate as to whether she succeeded or failed at her job, but at the end of the day all I can say: I really chose the wrong career path, as I can't imagine a scenario where a dev's comparative performance results in a 218m$ payout. (In more direct terms, I would gladly take the internet-hate-firehose in the face if it means making even single digit millions.)
To make some more reasonable statement to try and add value to this non-comment, more than anything of yahoo's fall, every time it gets brought it it just makes me shake my head at the current state of compensation. For the same reason I can't comprehend what freedom and power $10m+ buys you, I can't comprehend how we change the system such that more of us get more of that.
Re: Yahoo sold to US telecoms giant Verizon
#230can someone explain why yahoo is worth a penny?
Huge user base