Yahoo’s Future Called into Question
By Robert DavisDec 14 2010
The future of Yahoo, once the world’s most powerful internet company, is being called into question today by a host of US investors.
The issue at hand is the apparent lack of movement by the company to install and support new innovations in the US market. While the company has hinted at changes and new features, thus far they have been vague and nothing has been released to date.
Financial issues have largely shaped the company for the past several years. When new innovations were developed by competing companies, Yahoo seemed intent to sit back and wait for something new to come along. This has scared off a good many investors that would have normally vested millions in the company.
Now Yahoo is struggling to find something that will bring them back to relevance in the market. Carol Bartz, current CEO of Yahoo, has been unable to bring the company back to its former greatness. This is something that is weighing heavily on the minds of the board.
Rumors persist that Bartz’s days are numbered as the head of the company. The board has said that they are committed to her vision until the end of 2012 when her current contract runs out. However, anything beyond that time is largely up in the air at this point.
Reports continue to circulate that AOL and Yahoo are considering a possible merger. There are also new reports that the board at Yahoo is considering a possible break up of the company.