Earlier quoted context omitted.
> Companies like Yahoo exist to make money - or, at least, they must continue to make money in order to continue existing. Hows that working for Yahoo now? Actually, that's kind of disingenuous. Google optimises for less clicks per user, because Google is a site for people who want to get stuff done. Yahoo and Facebook are time-wasters. And unlike Yahoo, I can't see it ever transitioning to anything other than a time…
Hows that working for Yahoo now? Pretty well, considering they are still around more than a decade after they stopped being "cool". They're not trendy in tech circles, they are just a business that makes money. Yahoo and Facebook are time-wasters... Time-wasters are basically unprofitable Yeah, unprofitable to the tune of $600 million a year. That's Yahoo's net profit last year. I swear to god, the blindness of peopl…
2 things about Yahoo:
1) I'm still paying for their email service, and have been for 10 years. Their UI redesigns have been horrendous at times, but email lockin is powerful.
2) I really don't think dominance on the internet should be expected or desired, just because its possible. There's an example below about Yahoo Japan "owning" auctions in Japan. Sure, eBay has cornered peer-to-peer non-local vending in the US (let's not kid oursevelves what "auctions-buy-now" really are), but why should they be the preferred platform in Japan? Yes the internet allows it, but in the end, for a variety of historic and social reasons, different companies will fill different niches in different places, even if the internet looks like one gigantic niche and place. In other words, there is very little benefit seen from dominating auctions in US and Japan. Sure a few people would be able to order items more easily across the Pacific, but that effect pales in comparison to other internal factors. Maybe some local website had a marketing deal with a popular franchise in a certain country and got more popular initially, and then dominated that local market by network effect.
To summarize: I think it's normal to have local companies cornering local markets at the country/cultural level, even though the internet and e-commerce could theoretically be dominated globally. Google and search is a unique case, and expecting all companies to be like them in every market is misguided. I think that leaves a lot of space for Yahoo and many other similar companies to survive.