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|Yahoo Plans To Close Non-Core Products|
| 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.
| 8:11 pm on Apr 18, 2012 (gmt 0)|
Do they even have 50 products?
| 8:27 pm on Apr 18, 2012 (gmt 0)|
Thompson appears to be doing a good job at Yahoo. Profits up some 25% in his first quarter as CEO.
| 8:58 am on Apr 19, 2012 (gmt 0)|
A business can only chop its way to profitability while there are things to chop.
| 10:23 am on Apr 19, 2012 (gmt 0)|
I hope they leave Flickr alone - the rest I'm not really bothered about.
| 10:34 pm on Apr 19, 2012 (gmt 0)|
Maybe they could chop the business-speak jargon
"50 properties that don't contribute meaningfully to engagement of revenue"
I assume they mean some things are making a loss
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