With the second quarter just ending two weeks ago, a lot of companies are starting to finish their quarterly reviews, Yahoo being one of them. And it wasn’t pretty.
Sales for Yahoo were at 1.04 billion dollars and had an earnings per share of 37 cents. This is lower than their expectations of 1.08 billion and 38 cents per share. The CEO, Marissa Mayer replied to that publicly with, “Our top priority is revenue growth and by that measure, we are not satisfied with the Q2 results. I believe we can and will do better moving forward.” obviously not ok with what happened.
Now whether they will do better or not I could not say. Right now they obviously have one of the biggest competitors on Earth, Google. But I think that the people who should really be concerned with this is not Yahoo, but Google. Because they are the biggest and baddest internet search engine out their, if Yahoo went under at some point I am sure that they would be getting slapped with lawsuits left and right for having a monopoly. Even with Yahoo being out there, they are still getting hit with anti trust cases and such.
If I were Google, I would somehow try to help them out, because let’s be honest, Google can’t be competed with, at least for now.
The Dusty Wahl’s Words of Wisdom…
Don’t go into the search engine business, Google will just eat you, or kill you.
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