Just when we thought that we had enough of apologies from the big companies, we are stunned by Yahoo. This week Yahoo CFO Susan Decker said in an interview. “It’s not our goal to be No. 1 in Internet search. We would be very happy to maintain our market share.” So in other words, Yahoo admits of giving up in the search engine race.
What was she thinking? We know Yahoo is more than a search engine. But you don’t admit that you are giving up the race, when you are the No. 2 search engine in the world. Some say she was playing to stock investors. Well you are moron to invest in Yahoo stock if you don’t know the fact already. Yahoo is a content provider primarily.
But stock investors did listen and responded sharply. Not because they didn’t know the fact already, but because somebody in Yahoo is crazy enough to make that statement.
Well people in Yahoo took notice and soon were in full damage control mode.