Potent Quotables

Yahoo’s Lead Designer ‘Admits the Company Needs to Change’

A few weeks ago, we took note of Yahoo’s failed attempt at unloading some major assets, namely a massive stake in Chinese internet monolith Alibaba, and Yahoo! Japan, both of which were weighing heavy on the company’s books. The result of the failed deal? For one thing, we wondered if the lobbying firm retained in Washington DC by Alibaba—who Yahoo was going to sell their stake of the company back to in the failed deal—wasn’t about to get busy in a bid for control of Yahoo, seeing as how a Chinese telecom giant owning an American Internet company won’t sit pretty on first sight with…a lot of people.

For another, Yahoo’s stock took a hit, reaching a three-month low not a week later.

And now, according to All Things D’s Kara Swisher, we’re about to watch another seismic shift in Yahoo’s operations, in the form of corporate restructuring and layoffs. In fewer words: This is about to get ugly. Read More