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Jerry Yang leaves Yahoo.
Jerry Yang is certainly on the list of great pioneers of the Internet Era. As the founder of Yahoo, he created one of the first internet companies and just about all of us have used Yahoo at one point or another. His departure from his company is certainly something that has many in the tech industry wondering what will happen to Yahoo.
The company has been struggling for some time now, and Yang is often criticised for not accepting the buy out offer of $45 billion by Mircosoft in 2008. Many people thought that he should have taken the money and ran, but he made it clear that he wanted keep his company's independence for as long as possible.
Even then, Yahoo had already lost their search market share to Google and Facebook was on the way to social dominance. It seemed like the perfect time for Yang to cut his losses and sell to Microsoft. His decision made his shareholders very unhappy. Especially because Microsoft offered $30 a share. Since then, share prices haven't topped $20.
With Jerry Yang leaving the company, it opens the door to selling the company or breaking up the part. It would be sad to see a company as iconic as Yahoo leave the internet, but it has been coming for a long time now. There have been several attempts to revitalize Yahoo and make it more relevant, but it has slowly been losing more and more market share.
It will be interesting to see what happens next. The company's chairman says that they are now exploring strategic options for the future of the company.
What do you think will happen to Yahoo? Please share your thoughts in the comments.
By Melissa Kennedy- Melissa is a 9 year blog veteran and a freelance writer for TechCareersBlog and Nexxt. Along with helping others find the job of their dreams, she enjoys computer geekery, raising a teenager, supporting her local library, writing about herself in the third person and working on her next novel.
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