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The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr

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Re: The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr

#31
post #23

Earlier quoted context omitted.

They've started a petition... http://www.ipetitions.com/petition/stop-yahoo-from-buying-tu...

Has any internet petition ever worked?

Yes. It more or less saved Germany from internet censorship.

http://www.netzturbine.de/en/internet/zensursula-deutsches-i...

Re: The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr

#32
post #18

I wonder how this will pan out for Tumblr with Marissa Meyer at the helm. If we look at Flick (bought by yahoo in 2005), it hasn't seen much innovation or new features in the last 8 years and has been mostly coasting. I wonder if this will be the case for Tumblr under Marissa's leadership.

Maybe Yahoo's involvement with Tumblr will be limited, much like Conde Nast's management of Reddit.

Then it would defeat the purpose of the acquisition. Perhaps a middle ground? Initially limited involvement, slowly integrate feature/traffic to other yahoo property in a way that doesn't devalue current tumble experience but also gives yahoo a younger crowd as their userbase.

Its obviously very hard thing to do, but I am (probably the only one in HN) rooting for Yahoo. Tired of 2-3 companies dominating the tech world. I am rooting for Marissa Mayer to succeed and give others a run for their money by doing an epic u-turn with yahoo and changing everyone's perception of what yahoo is usually associated with.

Re: The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr

#33
Yahoo hasn't done much justice to their past buyouts. I feel like this going to be a waste. Yahoo isn't doing much for their existing products. They should really focus on what they have. No doubt the apps and all have been updated but desktop UI still remains same. No consistency in UI across different products. The new ymail still isn't that great. Another thing is why can't yahoo come out with own such product - they do have some brilliant engineers.

Re: The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr

#34

I'd recommend watching the #yahoo! feed on Tumblr in order to watch the Tumblr community's reaction, and see the inevitable hilarity. (Not providing a link due to high probability of NSFW content. Search for #yahoo! on Tumblr.)

    Please sign this petition! [...] we can do this. We got a 
    girl a goddamn fluffy chicken, and took over the Internet 
    with the Mishapocalypse.
What on earth are they talking about?

Also

    no chance well be google users 5eva if you do this

Re: The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr

#35
post #15

I'd recommend watching the #yahoo! feed on Tumblr in order to watch the Tumblr community's reaction, and see the inevitable hilarity. (Not providing a link due to high probability of NSFW content. Search for #yahoo! on Tumblr.)

And like everything else that happens via Tumblr, this entire series of events will be forgotten in less than a week, regardless of the outcome.

Same is true for Twitter, Facebook and Reddit.

Re: The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr

#37

Thoughts on why this was an all-cash deal as opposed to similar comps (Instagram, YouTube) which were cash/stock mix?

My best guesses: 1. Yahoo would rather spend cash than stock (possibly because they anticipate Yahoo stock going up in the future). If Yahoo thinks that $1 in stock today will be worth $2 in 3 years , it might make more sense to spend cash. This is a huge gamble, of course. 2. Cash is intrinsically more valuable than stock; in other words $1 cash != $1 stock. Yahoo may feel more comfortable spending $1 Billion cash t…

This doesn't make sense. Which CEO doesn't believe that their stock won't go up in 3 years? If they don't believe it, they should be fired.

Cash is much more valuable than stock. Any CEO worth their salt would ALWAYS issue stock and never cash, since stock is essentially free (with some GAAP repercussions, but better that then spend cash). But it sounds like tumblr wanted cash instead of cash/stock.

It doesn't matter to the employees, they get paid out from the purchase, and then will all get YHOO retention stock options when they join.

Great deal for tumblr, terrible deal for YHOO, it's a waste of cash and as someone else pointed out last week, it's reminicient of Geocities from the dotcom days. Every employee from tumblr will start exiting, maybe after 2-3 years, and the entire thing will fall apart.

I'm disappointed in Mayer.

Re: The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr

#39
post #33

Yahoo hasn't done much justice to their past buyouts. I feel like this going to be a waste. Yahoo isn't doing much for their existing products. They should really focus on what they have. No doubt the apps and all have been updated but desktop UI still remains same. No consistency in UI across different products. The new ymail still isn't that great. Another thing is why can't yahoo come out with own such product - t…

I am thinking that the problem with yahoo is that most likely Mayer doesn't have much faith in the present crop of developers/managers. Recently she did a lot of acqu-hires, because traditionally really good developers are less likely to join Yahoo over better choices.

Maybe improving existing products and making new impressive products are in the plans for Mayer, but to get there she needs capable people and she needs to make Yahoo seems like a good/profitable/fun place to work at.

For a long term sinking ship like Yahoo I think major changes in direction will need some time.

Re: The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr

#40
post #38

The rate at which Yahoo is buying out companies for talent acquiring , I wonder what must be going through minds of engineers at yahoo.

A rising tide lifts all boats.

From a recent-grad perspective, Yahoo fell far, far behind the rest of Big Tech on the desired employment scale. Part of this was for changeable reasons -- we've read in recent months about the larger offers and better perks that Mayer's been implementing -- but another huge reason is that Yahoo's workplace has a reputation for uninspiring people doing uninspiring work.

From all the anecdotes I've heard about Yahoo's workforce (and yes, I realize they are merely anecdotes) -- the subpar engineers should be worried, but the great engineers should be excited.

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