Verizon Sells AOL and Yahoo to Apollo for $5B

Post by blaser-waffle » Mon, May 03, 2021, 4:38 PM UTC

devoutsalsa wrote: post #16

mfer wrote: post #15

Earlier quoted context omitted.

Yahoo is still in wide use by people and AOL owns a number of properties and has a decent ad business. It may be that these companies were trying to extract value from them. This happens a decent amount these days. It's less about salvaging a brand.

I still use Yahoo Finance. Not extensively, but I haven't found a site I like better for getting random stock quotes & sifting through lightweight financial information.

Post by pugworthy » Mon, May 03, 2021, 4:57 PM UTC

ppetty wrote: post #119

I used to work at Aol, and it doesn’t surprise me that some significant number of people still use dial up. Not because they’re “trapped” but because that’s the only choice in some parts of the country. According to Pew, 3% of us are on dialup & more than twice that use no ISP (maybe that 7% just uses their mobile access?). https://www.pewresearch.org/fact-tank/2013/08/21/3-of-americ... https://www.pewresearch.org/fa…

Post by meepmorp » Mon, May 03, 2021, 5:02 PM UTC

reiichiroh wrote: post #146

christophilus wrote: post #124

Earlier quoted context omitted.

Holding those names was an investment failure, as was holding the majority of tech names at that point in history. Trading those names, on the other hand could be lucrative. A friend of mine paid cash for his college education and his car by playing Hand, the maker of palm pilots.

Handspring?

Post by kreeben » Mon, May 03, 2021, 5:03 PM UTC

schnevets wrote: post #112

the_local_host wrote: post #100

Earlier quoted context omitted.

Yahoo Finance is so good that when I'm trying to find information about a company, I'll type the company's name into Google, do a bit of reading, then... go over to Yahoo Finance and manually type it in again to look at their stock performance. It says something that someone as lazy as myself will actually hop out of Google's flow and perform a manual step to go Yahoo Finance.

I wonder if it would be a conflict of interest for a brokerage that focuses on retail investors like TD Ameritrade to buy the platform. Robinhood and the other upstarts are eating their lunch with UI improvements, but anyone who can type in a stock ticker has figured out Yahoo Finance over the last decade.

Post by airstrike » Mon, May 03, 2021, 5:11 PM UTC

sparcpile wrote: post #130

airstrike wrote: post #110

Earlier quoted context omitted.

Define "gut up". Why would Apollo want to destroy the asset they just bought?

Venture Capital firms love to use throw debt at an asset so that they can have a cash windfall. The result is that the assets can never pay off the debt and end up declaring bankruptcy. See K-Mart, Sears, Toys R' Us, and anything that a vulture capitalist touches.