Mayer tries to infuse Yahoo with a start-up’s spirit
Since taking the reins at Yahoo, Marissa Mayer has been trying to convince customers and employees that there is still life in a company that Silicon Valley long ago left for dead.india Updated: Apr 09, 2013 00:21 IST
Since taking the reins at Yahoo, Marissa Mayer has been trying to convince customers and employees that there is still life in a company that Silicon Valley long ago left for dead.
Yahoo, an Internet pioneer, missed the boat on social networks and mobile devices as the new gateways for information and, in recent years, had been losing advertisers and employees to Facebook and Google.
Critical to Mayer’s effort is infusing fresh blood and ideas into the firm by buying creative start-ups and integrating them into the company. So since she took over last July, she has been on a splashy shopping spree, spending tens of millions of dollars to acquire six start-ups.
But in many ways, it has been a tough sell.
In part, that is because of the past problems with acquisitions. Yahoo’s neglect of Flickr, a pioneering photo service that was the Instagram of its time, and Delicious, an early social bookmarking tool that predated Twitter’s rise, are prominent examples of it’s mishandling of promising acquisitions.
These days, too, Mayer has to compete against the deep pockets of competitors like Twitter, Google and Facebook, which are also trying to buy great technologies and hire top talent.
Still, there is evidence that she is making inroads.
Increasingly, entrepreneurs say, she is getting personally involved in acquisitions, focusing particularly on mobile-minded engineers. She is also trying to reverse Yahoo’s reputation as a company that acquires talent and innovative technologies and then lets them wither.
Last month, Yahoo made headlines when it acquired Summly, a newsreading mobile app started by a 17-year-old in UK, for an undisclosed sum.
New York Times