Goodbye MicrosoftHigh fives went all around as the elated Yahoo board celebrated Microsoft’s withdrawal of its bid. I suppose this was expected as Yahoo was dragged kicking and screaming to the negotiating table, by the much larger and strategically logical Microsoft—I do not think they even got to the dirty details of the merger! It was always on a more superficial level.
Steve Ballmer released a letter to Yahoo which outlines the coming difficulties for this Web 1.0 staple: ““This would effectively enable Google to set the prices for key search terms on both their and your search platforms and, in the process, raise prices charged to advertisers on yahoo.”
Coupled with the loss of good personnel and the inherently weak position of Yahoo in the market, I hope Jerry Yang’s protective nature over the company he started, includes a brilliant strategic plan for the next 2 years (Aren’t emotions supposed to be kept out of business?). Otherwise, we will probably see the return of Microsoft. Well, one can always hope.
Mindshare Event
Good, it’s about time that the RP starts looking in this direction more actively: (http://www.inquirer.net/vdo/player.php?vid=710)
Social Networking Sites For Business
Rapleaf a social web search company has a study that shows that men are more likely to use social networking sites for business—and not to a small degree. This includes sites like Friendster, Facebook, Myspace, Belbo, Etc. I am still trying to get a copy of this study. I need to get on the ball with this—I hardly use my Facebook, what more network for business on it.
2 comments:
I was out having dinner when I got an email alert about the Microsoft withdrawal. It's quite obvious that Ballmer had intended to have his letter see wide circulation. Oh, Yahoo will take a beating when markets open Monday.
Yup, that I am sure he did. Considering the lengths that Microsoft took to try and make this deal work, I will only assume they are irate at Yahoo's determination to remain independant. Let us see what they do from here- I doubt Microsoft will stay quiet for too long.
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