Thursday, April 05, 2007

Reality Check on The Yahoo/Facebook Story - Seeking Alpha

"Yahoo should have paid dearly for Facebook and was silly for worrying about little things like valuation. Yahoo's inability to Facebook is especially troublesome since the social networking has blown past Yahoo's initial assumptions.
That's the thesis of a report by Needham analyst Mark May. Isn't hindsight fun? Not if you're Yahoo, which seems to get hit by hindsight by every critic/blogger/pundit/VC/person on the street. It's stunning how many armchair CEOs there are for Yahoo. Whether its search or something else Yahoo mistakes are easily found. "

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