How many CEOs does it take?
Yahoo CEO Scott Thompson is out (good lesson to all you kiddies out there about resume accuracy) and interim CEO Ross Levinsohn is in. But what’s it mean for us non-investor/computer users? Where’s Yahoo headed? AllThingsD thinks the answer might be to the media side of the business. “But if Levinsohn gets to run Yahoo the way he wants to run Yahoo, he’ll focus on getting the most of its media business, because that’s his strength. Bear in mind that this is still a huge business–the portal attracts some 700 million visitors a month, which helped it generate nearly $1 billion in ad sales last quarter. But that business is listing and under attack from Google, Facebook and a swarm of nimble start-ups pulling eyeballs and dollars away.”
I wonder if all the CEO drama is actually some Yahoo PR-mastermind’s doing, as a way to keep the site on people’s radar.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.