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Getting Fired At Yahoo: A Twitter Log
via Silicon Alley Insider by Henry Blodget on February 13, 2008
Yahoo's Ryan Kuder was canned today. A drag for him, but gift for the rest of us, because he Twittered it. A new form of electronic literature is in the making. Ryan's one the early stars. Y! layoffs today, I'm "impacted". I'm heading into work to pack mydesk, get my severance paperwork and hand in my badge...more to come. about 10 hours ago On the plus side, my commute just...
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Confirmed: Facebook Apps Are Useless
via Silicon Alley Insider by Vasanth Sridharan on May 02, 2008
Everyone knows that most Facebook apps are time-wasters, at best. But here's statistical proof: A breakdown of the service's 23,160 applications, via Facebook's self-selected categories.We keep hearing promises that there are developers, somwhere, working on geniunely useful apps for the site, but even if they never materialize, that's not a catastrophe for Facebook (or...
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Dear Jerry and Steve... Here's the Answer
via Silicon Alley Insider by Henry Blodget on February 03, 2008
We think a straight acquisition of Yahoo (YHOO) by Microsoft (MSFT) would be a disaster. However, we also think the fundamental premise for the merger is sound and that the companies should combine forces. Furthermore, we think there's a way to do this that would be a win for both companies' shareholders. To wit:1. Jerry, fly up to Redmond this afternoon and have dinner with Steve. Just...
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Battered Yahoo Admits It Overplayed Hand; Open To New Microsoft Talks
via Silicon Alley Insider by Henry Blodget on May 06, 2008
Less than 48 hours after Microsoft pulled the plug on its Yahoo offer, Yahoo has already admitted publicly that, despite its statements to the contrary, it would have been willing to do a deal below $37. It has also already said that it would be happy to reopen talks with Microsoft.Why the backtrack?Because employees and shareholders are dismayed. Because, as Chairman Roy Bostock made clear in a...
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YHOO No. 2 Shareholder: MSFT To Raise Bid, YHOO To Take It
via Silicon Alley Insider by Henry Blodget on February 12, 2008
Legg Mason owns 80 million shares of Yahoo and is the company's second-largest shareholder. Portfolio manager Bill Miller has met with Microsoft's Steve Ballmer and talked with Jerry Yang since the offer was made. His key conclusions, expressed in a letter to fundholders:Microsoft needs to raise its offer.Yahoo needs to accept it.Bill is obviously talking up his book here, but as...
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New York Times (NYT) Firing Journalists
via Silicon Alley Insider by Henry Blodget on February 14, 2008
... in its history; no other Americannewspaper has more than about 900. There have been scattered buyoutsand job eliminations in The Times' newsroom in recent years, but theoverall number continued to rise, largely due to the growth of itsInternet operations.That's about a 7% newsroom reduction, which should hold the paper for a while (six months anyway). Some good news: We're hiring!
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LinkedIn: We're Selling Ads For $75 CPM
via Silicon Alley Insider by Michael Learmonth on April 30, 2008
LinkedIn (SAI 25 #8) may have been trampled by the likes of Facebook (SAI 25 #1) and MySpace in terms of users, but at least it can sell advertising. Kevin Eyres, LinkedIn's managing director for Europe, told IDG the social network for careerists is earning $75 CPMs (cost paid per thousand viewers) for advertising in the US and $50 CPMs in the U.K. Prime reason: the site's average user is...
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Why Wall Street Hates Google Now: That Wireless Thing
via Silicon Alley Insider by Henry Blodget on January 29, 2008
Even as the broader market continues its bear-market bounce, Google is taking it in the teeth. To make sure we had a good handle on what the smart money is worried about, we checked in with some. To wit:December ComScore bad (discussed in detail here)Concern that Google is actually serious about spending tens of billions of dollars to become a wireless company (or at least $5 billion or so to buy...
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Fred Wilson: Capital Crunch Coming, Companies Will Die
via Silicon Alley Insider by Henry Blodget on January 30, 2008
Union Square Ventures partner Fred Wilson (SA 100 #3) is increasingly bearish about the financing environment for private start-ups. In an interview with Portfolio's Sam Gustin, he explains that troubles in the public market will eventually lead to:Lower valuations for private companiesLess venture financingDeath of promising start-ups.Fred has discussed the domino effect before, as have we....
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Yahoo Refused Polite Offer--So Microsoft Went Hostile
via Silicon Alley Insider by Henry Blodget on February 01, 2008
Kara Swisher reports that Microsoft made a standard polite offer for Yahoo earlier this week, after Yahoo's depressing earnings report, and that Jerry Yang once again told Microsoft to take a hike. So Microsoft did--right to the court of public opinion:Sources at Yahoo tell me that Microsoft made its most recentovertures right after Yahoo announced its earnings Tuesday and thentold Yahoo...
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