The tech and mainstream media have thoroughly denounced the two major announcements made by Yahoo! last week. The first announced a cessation of negotiations with Microsoft. The second announced an advertising distribution deal with Google.
From the outside, it appears Yahoo!, (in a stunning 24-hour period), radically devalued the portfolios of its shareholders and ceded a great deal of ground paid search to Google. 72-ish hours later, both statements still feel right. Instead of selling out to Microsoft and making everyone even richer, it looks like Yahoo!’s golden goose is going to die the death of a thousand tiny cutts cuts.
Michael Arrington started the ball rolling at TechCrunch Friday morning with the scathing, “Massive Destruction of Shareholder Value, Employee Moral and Internet Balance of Power“. As the hours passed and Arrington’s fingers warmed up, he took two more swipes at Yahoo! with, “Hey Microsoft, How ‘Bout that First Deal You Offered?” and, “NYTimes Article Reverberates Through Yahoo; Who’s their next CEO?“
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