In what could be the biggest technology news of the year, Yahoo has announced that it will be welcoming bids for its acquisition from now on. After falling behind the likes of its competitors i.e. Google, Yahoo has seen its net worth shrink at $34-Million which has forced its shareholders to put Yahoo for sale
In addition to taking a series of missteps and bad bets over the last decade, the inconsistency of Yahoo has led to its downfall. The Tech Giant has had 6 CEO’s over the past 9-years – a factor which indicates that something was wrong within the Organization.
Inevitably, it is the CEO Marissa Mayer who is feeling the heat for the demise of Yahoo as a technology giant. After his appointment as the CEO in 2012, Mayer took some bold steps which are now under the microscope.
Some of his questionable decisions include the likes of spending freely on talent and acquiring dubious assets like Tumblr. These steps failed to grow the Revenue for the Organization as profit continues to linger close to the floor which has forced its shareholders for put Yahoo for Sale.