• Login
No Result
View All Result
The Urban Twist
NEWSLETTERS
  • News
  • Politics
  • Entertainment
  • Culture
    • Lifestyle
  • Features
  • Opinion
The Urban Twist
No Result
View All Result
Home Tech

Yahoo Plans To Kill 50 Services, Focus On Core Business

Yahoo plans to terminate 50 services it says are not adding much to the bottom line.
  • By Daniel Mbure
  • /
  • April 18, 2012
Facebook
Reddit
Email

Yahoo’s new CEO Scot Thompson has a big broom in his hand, and he is using it to clean out Yahoo and shake up things back to profitability. In a call with journalists yesterday, Thompson said the company had some great properties that had a lot of potential but that there were too many other services bogging down these few profitable ones.

Referring to these redundant services, he said that Yahoo has been doing way too much for way too long and some things have to change in order to streamline and restructure the company. The first announcement made some time last week was that Yahoo was laying off some 2,000 employees as it restructures. Yesterday CEO Thompson announced that up to 50 Yahoo properties would be wound up with some being terminated altogether while others would be transitioned or folded into existing services.

This comes as no surprise as Yahoo has been known to try and get its hands into as many Internet properties as possible. Some of the services that could be axed include Yahoo Maps (ever heard of that?) and Answers, both of which have outlived their real purposes. On the other hand, Yahoo plans to concentrate on other properties that have been doing well so far including News, Sports, Mail and Finance.

Thompson says they will be concentrating on the properties that have the highest display ad potential as the main focus and dive of shutting down or transitioning services will be to allow the company to concentrate more on what is actually making money. CEO Thompson has already made his presence felt with one of his first moves on arriving at Yahoo was to file a suit against Facebook demanding they (Facebook) pay Yahoo licensing fees for patents Yahoo holds.

Thompson also has his hands full with the Yahoo/ Alibaba issue that is still hanging suspended while at the same time dealing with hostile investors. There is however some good news to all this as Yahoo has just reported an increase in revenues for the last quarter of 1%, translating into a healthy 28% profit rise.

Donation

Buy author a coffee

Donate
Tags: FacebookScot ThompsonYahoo
Daniel Mbure

Daniel Mbure

From The Web

Related Stories

Related Posts

Entertainment

You Will Soon Be Able To Use The Oculus Quest Without A Facebook Account

October 28, 2021
Entertainment

Facebook Wants Your Kids To Stop Playing And Stare At Their Phones More, According To Internal Documents

September 28, 2021
Nation

For Months, Facebook Has Admitted That Vaccine Misinformation Has Been Among Its Most Popular Posts

August 21, 2021
Technology

Facebook Removes 88+ Trump Ads For Violating ‘Organized Hate’ Policy

June 18, 2020
Technology

Mark Zuckerberg Will Review Policies That Permitted The Inflammatory Post By Trump

June 6, 2020
Business

Facebook Employee Tests Positive for Coronavirus, Leads London Offices to Close

March 6, 2020

TRENDING HEADLINES

  • Free-Spirited Songbird: Makhyli

LATEST NEWS

Free-Spirited Songbird: Makhyli

Free-Spirited Songbird: Makhyli

5 days ago
Issa Rae’s Black Mirror Debut Sparks Mixed Reactions: Fans Question ‘Hotel Reverie’ Performance

Issa Rae’s Black Mirror Debut Sparks Mixed Reactions: Fans Question ‘Hotel Reverie’ Performance

3 weeks ago
NAACP Sues Department of Education Over Anti-DEI Orders Targeting Black Students

NAACP Sues Department of Education Over Anti-DEI Orders Targeting Black Students

3 weeks ago
Serena Williams Shuts Down Drake Shade Rumors After Super Bowl Cameo

Serena Williams Shuts Down Drake Shade Rumors After Super Bowl Cameo

3 weeks ago
Marvin Sapp Turns Viral ‘Close the Doors’ Moment into Gospel Anthem

Marvin Sapp Turns Viral ‘Close the Doors’ Moment into Gospel Anthem

3 weeks ago
Michael Ealy Steps Into the Role of Malcolm X in Prime Video’s The Greatest

Michael Ealy Steps Into the Role of Malcolm X in Prime Video’s The Greatest

3 weeks ago
  • Write For Us
  • Contact Us
  • Terms
  • Privacy
  • Copyright & DMCA
  • About Us
  • Fact Checking Policy
  • Corrections Policy
  • Ethics Policy
  • Ownership Policy
  • MarketersMEDIA Newswire​

Copyright © 2021 Phoenix Stokes Media Group, LLC. All rights reserved.
Website designed and developed by P.S. Web Pros.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
  • Politics
  • Entertainment
  • Culture
    • Lifestyle
  • Features
  • Opinion

Copyright © 2021 Phoenix Stokes Media Group, LLC. All rights reserved.
Website designed and developed by P.S. Web Pros.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.