very popular investment advice site swipes at yahoo a second and third time this week! Fwd: Google Alert - Yahoo briefcase
Joy Miller
3. Boys to Meme at Yahoo!
Fickle and impatient Yahoo! (Nasdaq: YHOO) launched a microblogging site -- Yahoo! Meme -- in English this week. It had been offered in Spanish and Portuguese flavors earlier this summer.
The site looks slick, with users able to go beyond Twitter's limitations by posting videos, audio, and snapshots. Smaller sites are doing similar things, but Yahoo!'s name commands attention.
Attention isn't always a good thing, though. After all, who would invest the time and effort to register for a Yahoo! Meme account when the online giant has a history of abandoning user-generated sites under its watch, including Mash, GeoCities, Yahoo! Photos, and Yahoo! Briefcase?
Until Yahoo! shows enough respect to not shutter projects, it's going to face smaller crowds with every new rollout.
4. I think Icahn
Sometimes, prolific Yahoo! shareholders get the urge to abandon unpopular products, too. Billionaire investor Carl Icahn has sold a chunk of his stake in Yahoo! and settled for less than $15 a share.
Icahn initiated his position in the mid-$20s last year, in hopes of cashing in on the Microhoo mania. As an activist investor, Icahn thought he could bring both sides back to the table and cash out in the mid-$30s. He bought in just as the world's largest software company was throwing in the towel.
Is Yahoo! really worth that much? His decision to cash out in the low teens says it all. Now let's see whether he sells the rest of his position before Yahoo! Meme meets the axe.
From: Google Alerts <googlealer...@google.com>
Date: Fri, Sep 4, 2009 at 7:33 AM
Subject: Google Alert - Yahoo briefcase
To: GotJo...@gmail.com
Google News Alert for: Yahoo briefcase
| This Week's 5 Dumbest Stock Moves Motley Fool - USA Photos, and Yahoo! Briefcase? Until Yahoo! shows enough respect to not shutter projects, it's going to face smaller crowds with every new rollout. ... |
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