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Last spring, a former C. The Internet company, which has been around for more than 20 years, has been called a dinosaur for about a decade. During that time, nevertheless, Yahoo has refused to die. But survival is not the same as success, especially in Silicon Valley. According to a Yahoo spokesperson, SpringOwl's slide presentation includes "gross mischaracterizations and untruths. The release of a large and detailed deck often provides an initial jolt among the media.
After our report circulated across the Internet, the press generally focused on various examples of money wastedβin my viewβon employee perks and pet projects. Yahoo disputes each of these figures.
But after any media shock, most investors form their own opinions. In the year before Mayer started as C. Yahoo disputes this figure.
It asserts that its earnings have not been released. Earlier this week, The New York Times reported that a third of Yahoo employees left the company in the last year.
One senior hedge-fund manager who owns Yahoo stock laughed at me, in December, when I suggested the notion of a turnaround. Take it. Have it. This thing is an evaporating puddle of water.