I am always interested in stories about Yahoo! since I worked there during its Internet hey day. Unfortunately, the place is falling apart. The latest I have heard is of a 5% staff cut, combined with employee buyouts and the sunsetting of some pretty major brands like Alta Vista, the first major Internet search engine and Delicious, a bookmark tool I love and use religiously. I also know that Mark Thoma and Brad DeLong use it as well. I am moving to a new service called Diigo. Hopefully, that will go well because I used delicious to bookmark all of my links including the ones in this post over the past 2 years. The whole thing is very sad because Yahoo was a great brand but they went on a media-centric focus that allowed Google to supersede them and then it was all down hill. It was criminal that the board didn’t take the Microsoft offer a few years ago.
Cheers.
Sad for my former employer,
Edward
P.S. Here are the links
Yahoo!
- Spabba Gives Your Del.icio.us Bookmarks A New Home
- R.I.P. Delicious: You Were So Beautiful to Me
- Confirmed: Yahoo Closing Buzz, Traffic APIs – Maybe Delicious & AltaVista
Credit Writedowns
- EU Summit Makes Progress, EU Debt Crisis Has Not
- Moody’s slashes Ireland’s credit rating to Baa1 with negative outlook
- Market Is Overbought, Overextended and Overvalued
- Fedex disappoints; should we care?
- (QOTD) Ben Bernanke: It is not the responsibility of the Federal Reserve to protect lenders
- Insight from a Master: Interview with John Hathaway
- Pimco: Emerging Markets Will Outperform
- Sympathy for the Dollar
- Rosenberg: the Europeans can fight nature for only so long
The Usual Fare
- PETROLIO: lo scenario di breve e di medio periodo | IntermarketAndMore
- JPMorgan toppled as biggest US bank by stock market value – Telegraph
- Military Veterans, on the Orszag Situation – James Fallows – Politics – The Atlantic
- Peter Orszag: The Shoe That Didn’t Drop – James Fallows – Politics – The Atlantic
- Putin Speaks His Mind, and Then Some, in Televised Q. and A. – NYTimes.com
- Turkey Rate Cut Very Negative For Turkish Lira, Further Losses Likely
- Ellsberg defends WikiLeaks founder, Army private
- Germany is rising up against Merkel’s euroscepticism – Eurointelligence
- Conglomerate Blog: Why aren’t more bankers going to jail?
- Unorthodox: booming Turkey cuts rates | beyondbrics: News and views on emerging markets | FT.com
- Reporters Jump Senators For Perceived Earmark Hypocrisy : It’s All Politics : NPR
Re-Remics
- Bank of America Re-Remics Cut Mortgage Debt as Basel Rules Loom – Bloomberg
- S&P Cuts to Junk Mortgage Bonds It Rated AAA in 2009 – Bloomberg
- S&P May Reduce 1,196 Securities Tied to Residential Mortgages After Errors – Bloomberg
- Financial Alchemy at Morgan Stanley: Greywolf A3 CDOs now Aaa bonds
Tech Stuff