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- ---- Yahoo Plans To Close Non-Core Products
engine - 3:07 pm on Apr 18, 2012 (gmt 0)
Yahoo Plans To Close Non-Core Products [bbc.co.uk]
|Yahoo's chief executive has confirmed plans to shut down dozens of products that are not seen as core to the firm. |
Scott Thompson announced the move to analysts following the firm's latest financial report.
He said he had asked: "How would we build Yahoo from the ground up if we were building it from scratch today?"
As a result he said it would be "shutting down or transitioning roughly 50 properties that don't contribute meaningfully to engagement of revenue".
Mr Thompson did not identify which units would be abandoned, but noted that news, finance, sports, entertainment and mail were safe.
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