Skip to Content
Uncategorized

An Encouraging Sign from Yahoo

Hiring its new CEO away from PayPal indicates that the Internet company still believes it can thrive on its own.
January 4, 2012

One of Silicon Valley’s longest-running stories is the plight of Yahoo, a company whose future has been doubtful or questionable for something like seven or eight years now. Here is a site that just can’t figure out how to prosper from an enormous audience, which outranks Facebook’s in the U.S. Yahoo turned down a ridiculously high buyout offer from Microsoft in 2008, tried to thrive independently under a new CEO, Carol Bartz, but then appeared to reconsider some kind of buyout or merger in recent months after firing Bartz. It’s a mess.

Then comes today’s news that Yahoo has hired a new CEO, Scott Thompson, who had been running PayPal. PayPal is an absolute machine with dreams of something like world domination. And Thompson is a technology guy, a former CIO, not a slash-and-burn operations guy who prepares companies to be sold off. So Thompson’s hiring is a statement that Yahoo doesn’t intend to fade away. I admire the instinct, even though I can see why shareholders might be disappointed. As more and more sites join Facebook’s “Open Graph” and Google expands its ambitions, the Internet is coalescing around too few power players. Yahoo still thinks it can be one of them. That struggle still might lead it to create some innovative services and fresh approaches to the Web advertising business.

Deep Dive

Uncategorized

Our best illustrations of 2022

Our artists’ thought-provoking, playful creations bring our stories to life, often saying more with an image than words ever could.

How CRISPR is making farmed animals bigger, stronger, and healthier

These gene-edited fish, pigs, and other animals could soon be on the menu.

The Download: the Saudi sci-fi megacity, and sleeping babies’ brains

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. These exclusive satellite images show Saudi Arabia’s sci-fi megacity is well underway In early 2021, Crown Prince Mohammed bin Salman of Saudi Arabia announced The Line: a “civilizational revolution” that would house up…

10 Breakthrough Technologies 2023

Every year, we pick the 10 technologies that matter the most right now. We look for advances that will have a big impact on our lives and break down why they matter.

Stay connected

Illustration by Rose Wong

Get the latest updates from
MIT Technology Review

Discover special offers, top stories, upcoming events, and more.

Thank you for submitting your email!

Explore more newsletters

It looks like something went wrong.

We’re having trouble saving your preferences. Try refreshing this page and updating them one more time. If you continue to get this message, reach out to us at customer-service@technologyreview.com with a list of newsletters you’d like to receive.