Oil Traders May Be the Only Ones Who Want Yahoo to Survive • Hacker News Board

Re: Oil Traders May Be the Only Ones Who Want Yahoo to Survive

#21

Post by smegel » Thu, Jun 02, 2016, 10:26 PM UTC

> In Geneva, the epicenter of Switzerland’s $21 billion commodity-trading industry, accounting for about one-third of the world’s daily oil transactions

That's pretty impressive for a country that has never even been visited by an oil tanker.

Re: Oil Traders May Be the Only Ones Who Want Yahoo to Survive

#22

Post by rqebmm » Thu, Jun 02, 2016, 10:28 PM UTC

smegel wrote: post #21

> In Geneva, the epicenter of Switzerland’s $21 billion commodity-trading industry, accounting for about one-third of the world’s daily oil transactions That's pretty impressive for a country that has never even been visited by an oil tanker.

I'm sure it has nothing to do with Switzerland's extremely strong financial privacy laws.

Re: Oil Traders May Be the Only Ones Who Want Yahoo to Survive

#23

Post by gyardley » Thu, Jun 02, 2016, 10:31 PM UTC

Once everyone in an industry starts using a particular platform to do business, switching is very very hard.

The porn industry still uses ICQ.

Re: Oil Traders May Be the Only Ones Who Want Yahoo to Survive

#24

Post by twinkletwinkle » Thu, Jun 02, 2016, 10:33 PM UTC

powera wrote: post #2

Because they use Yahoo! Messenger, not because it will impact the oil market in any other way.

Yeah I was disappointed when there wasn't some complicated economic phenomenon involved. They just all use one of Yahoo's products.

Re: Oil Traders May Be the Only Ones Who Want Yahoo to Survive

#25

Post by Apocryphon » Thu, Jun 02, 2016, 10:35 PM UTC

Isn't this superficially similar to the Westgroup storyline in season 2 of Halt and Catch Fire?

Re: Oil Traders May Be the Only Ones Who Want Yahoo to Survive

#26

Post by ProAm » Thu, Jun 02, 2016, 10:36 PM UTC

draw_down wrote: post #6

They can afford to build a messaging tool. Come on.

"If it ain't broke"

Re: Oil Traders May Be the Only Ones Who Want Yahoo to Survive

#27

Post by pbreit » Thu, Jun 02, 2016, 10:48 PM UTC

This article seems ridiculous both because Yahoo messenger isn't going anywhere. And if it did, moving to another service would be a small hiccup.

Re: Oil Traders May Be the Only Ones Who Want Yahoo to Survive

#28

Post by javiramos » Thu, Jun 02, 2016, 10:49 PM UTC

Why didn't Yahoo focus on further developing businesses around these services (Finance, Fantasy etc.) that people love?

Re: Oil Traders May Be the Only Ones Who Want Yahoo to Survive

#29

Post by omonra » Thu, Jun 02, 2016, 10:49 PM UTC

rqebmm wrote: post #22

smegel wrote: post #21

> In Geneva, the epicenter of Switzerland’s $21 billion commodity-trading industry, accounting for about one-third of the world’s daily oil transactions That's pretty impressive for a country that has never even been visited by an oil tanker.

I'm sure it has nothing to do with Switzerland's extremely strong financial privacy laws.

And low taxes.

Re: Oil Traders May Be the Only Ones Who Want Yahoo to Survive

#30

Post by niftich » Thu, Jun 02, 2016, 10:52 PM UTC

javiramos wrote: post #28

Why didn't Yahoo focus on further developing businesses around these services (Finance, Fantasy etc.) that people love?

How do you monetize that? But they were adamant that they were a 'media company', so your point is very valid.