Err, Yahoo is making less profit, but it's still making $1B profit on the bottom line last year. Why is everyone acting like it's on it's beyond redemption? Sure, Yahoo and Microsoft are boring, but they're still profitable. http://investing.businessweek.com/research/stocks/financials...
Because the only things that get attention in SV are products with growth. Yahoo is a very profitable company and has billions in the bank, so it'll be around for a while, with or without a rebound.