Managing Director, Spark Partners
The stock ended the week down about 5%, and down a whopping 27.8% from its 52 week high.
Yahoo needed an entirely new strategy to survive, but Mayer didn’t provide that.
The telltale signs of an obsolete business model have been present at Wal-Mart for years, and continue.
When markets shift, they often shift a lot faster than anyone predicts.
eBay bought fledgling PayPal for $1.5 billion in 2002.
Investor sentiment shows that big changes could be happening very soon in retail.
Costolo was doing a decent job of growing the company and improving profits.
Apple is leading another new marketplace development, which could well send its value much, much higher.
Microsoft hasn’t yet figured out that it lost relevance years ago when it missed the move to mobile, and then launched Windows 8 and Surface to markets that didn’t really want those products.
For 2015, and beyond, investors (and employees, suppliers and communities sponsoring companies) should resolve to hold management far more accountable for its future goals, and the process used to set those goals.