Here’s some interesting news from the heart of Silicon Valley. Yahoo may be in talks to sell their core business – leaving them with only their 15% stake in the online shopping center Alibaba. Many speculate the reason for this is that CEO Marissa Mayer, who was brought on about 3 years ago in the hopes that she would revitalize the company and bring new products to their door, hasn’t really done that. She was able to stabilize the company from going downhill fast, but overall, she hasn’t added anything incredibly revolutionary. Thus, Yahoo continues to be behind web giants like Google.
Over the past few years Yahoo has acquired services like Tumblr, the blogging platform and Polyvore, a unique shopping platform. There are many users of those services, as well as Yahoo’s core services like e-mail and web search, so if they do decide to sell it off, the new buyer could be very lucky, if they know what to do with such a product.
Until anything is decided in an upcoming board meeting, Yahoo is still functioning as usual, and they are working on developing new products, trying to stay competitive in a cut throat market.
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