Yahoo Discount: Maybe a Billion or More?
October 7, 2016
Yahoot—err, sorry—Yahoo may become a Kmart virtual blue light special. That’s the gist of the message in “Verizon Reportedly Wants $1 Billion Discount on Yahoo.”
I learned from the source article:
amid a growing case of bad news at the search engine company, the telecommunications giant is reportedly pushing to reduce the acquisition price by $1 billion.
It seems the discount bulled from the purple stew as a consequence of the loss of only 500 million, give or take a few hundred million, customers’ credentials for email. Then there was the purple blood from Yahoo’s handling of what I presume was supposed to be a secret process performed for the US government.
From the hollow in Harrod’s Creek, three observations surfaced when I spoke to my colleagues in rural Kentucky:
First, a management bonus to the Xoogler in charge of Yahoot—err, sorry—Yahoo seems appropriate in today’s Sillycon Valley world. A reward for devaluation of the purchase price is a high water mark for Google-trained professionals. Perhaps that should be low water mark?
Second, perhaps Yahoo has other surprises for its customers, stakeholders, and possible future owner? I know that big money people absolutely love surprises. What fun? A chance to explain how due diligence “missed” the minor security breach and the relationship of a company to law enforcement adds spice to the lives of those who combed through Yahoo’s data.
Third, one of the goslings noted that Yahoo was nagging some users to add a layer of security to their Yahoo mail accounts. That action is indeed timely and illustrates the superb administrative grasp the company has on the purple coal tender’s processes.
I look forward to more Yahoot—err, sorry—Yahoo news.
Stephen E Arnold, October 7, 2016
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