All articles tagged with #marissa mayer
Marissa Mayer is shutting down her consumer software startup Sunshine and selling its assets to her new AI company, Dazzle, which aims to develop an AI personal assistant, with all Sunshine employees moving to Dazzle.
Marissa Mayer, former Yahoo CEO, discusses her AI startup, Sunshine, which uses AI to manage contacts on a mobile app and aims to simplify mundane tasks and give people back time. She also shares concerns about the potential risks of AI and reflects on the representation of women in leadership roles in the tech industry. Additionally, Mayer addresses her past decision regarding Yahoo employees working from home and emphasizes the importance of organizational culture and connectivity.
Yahoo turned 30 years old with little fanfare, marking a stark contrast to its former status as the top online directory and search engine. Once a dominant force, the company struggled to compete with Google and faced a series of missteps, including failed acquisitions, a massive security breach, and layoffs. Despite its legacy, Yahoo's journey has been marked by a steady decline, culminating in a subdued 30th birthday.
Former Yahoo CEO Marissa Mayer regrets buying Tumblr for $1.1B in 2013 and believes that buying Netflix or Hulu instead would have been a better acquisition. Yahoo wrote down Tumblr's value by $230 million in 2016 and sold it for far less than it had paid for it after Verizon acquired Yahoo. Mayer also regrets hiring Henrique de Castro as the COO instead of Lisa Utzschneider and not making the tax-free Alibaba spinoff to separate the assets of the company.
Former Yahoo CEO Marissa Mayer has admitted that buying Netflix for $4 billion would have been a better "transformative acquisition" than Tumblr, which Yahoo acquired for $1.1 billion in 2013. Mayer said that Yahoo had also considered buying Hulu for $1.3 billion at the time. Mayer also expressed regret for hiring the wrong person as her chief operating officer and not doing the tax-free Alibaba spinoff, which would have saved $10 billion for shareholders.
Former Yahoo CEO Marissa Mayer has admitted that buying Netflix for $4 billion would have been a better acquisition than Tumblr, which Yahoo bought for $1.1 billion in 2013. Mayer also expressed regret over hiring the wrong person as her COO and not doing the tax-free Alibaba spinoff. Yahoo wrote down Tumblr's value by over $700 million by 2016. Mayer is now the CEO and co-founder of Sunshine, a startup offering an app that uses AI to organize contacts on smartphones.
Former Yahoo CEO Marissa Mayer has said that the company should have acquired Netflix or Hulu instead of Tumblr in 2013. Yahoo bought Tumblr for $1.1bn, but struggled to monetize its user base and took a $230m goodwill-impairment charge in 2015. Meanwhile, Yahoo's own streaming-video play failed to gain traction and the company shut down Yahoo Screen in 2016. Verizon bought Yahoo in 2017 for $4.5bn, and sold Tumblr to Automattic for $3m in 2019.
Former Yahoo CEO Marissa Mayer said in an interview that the company should have bought Netflix or Hulu instead of Tumblr. Yahoo paid $1.1 billion for Tumblr in 2013 but struggled to make sense of the platform among its other media efforts. Mayer said that either Netflix or Hulu would have been a better acquisition. Verizon acquired Yahoo and Tumblr, but after the prevalence of child porn on the platform, Tumblr was offloaded to the owner of WordPress for less than $3 million.