Yahoo Says Adios to Argentina and Mexico
January 30, 2016
Years ago Yahoo pulled out of Denmark. Yahoo has trimmed its international operations over time. I read “In Latest Shakeup, Yahoo Quits Mexico, Argentina.” Several points in the write up caught my attention.
First, Yahoo is described as “troubled” by its local newspaper. The “real” journalists are wondering what the Yahooligans will do to reform themselves.
Second, I liked the characterization of the Argentina and Mexico operations as “not worth future investment.” There you go. Yahoo sees the land of gauchos and guacamole as lacking financial magnetism.
Third, the write up points out that Yahoo sees Brazil as a growth opportunity. Yahoo must know something about the Brazilian economy. I used to live in the country, and from what I hear some of cities are not likely to be friendly to folks dressed in purple. Brazil possesses more than 18 of the most dangerous cities in the world. And the Brazilian economy? Zipping right along. And the Zika.
Yahoo has great instincts. The revenues will surely follow.
Stephen E Arnold, January 30, 2016
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