I don't buy it. Before anything else, Yahoo was a combination search engine and indexer. Google trounced them. There was just no way they could continue to compete. So then they branched out into becoming a "media company," and lost all direction. There is nothing they excel at. Until someone is a better social networking site than Facebook, they are in no danger of "becoming Yahoo." And I don't think that's going to…
I Absolutely agree with you - Facebook can be as boring as email. It does not matter, Facebook has become Infrastructure.