Jeremy Ring - We Were Yahoo! (San Francisco Store)

Thursday, March 22, 2018 - 6:00pm

For anyone paying attention, the beginning of the end for Yahoo began with decisions made by the first team of executives while the company was on its way up, which set the stage for horrific decisions made by subsequent generations of Yahoo leadership. Most decisions were either pure incompetence or just lack of vision by CEOs from 2001 to the present.

Twenty-one years after its incorporation and sixteen years after its stock peak, Yahoo sold for 96% less than its value on January 3, 2000, when it had closed at an all-time high of $118.75 per share, resulting in a market capitalization of $120 billion. Wall Street valued Yahoo , at that time in business less than six years, higher than it did Disney, News Corporation, and Comcast combined. Also on that day, the iPhone was more than seven years away from launch, Google was four years from its IPO, Amazon was hemorrhaging money, and Mark Zuckerberg was still in high school

At the end of 2016, the top seven businesses on the list of the highest-valued companies in the world by market capitalization include Apple at #1, Alphabet (Google's Parent Company) at #2, Amazon.com at #5, and Facebook at #7. Those companies combined are valued in excess of $2 trillion more than the price Verizon paid to acquire Yahoo

Yahoo 's story is one of missed strategies, failed opportunities, and poor execution. Early decisions to de-emphasize search features, undervalue Google, and overplay Yahoo's hand in the Facebook negotiations haunted the rest of the company's existence. In addition, factors outside of Yahoo's control--most notably how irrational expectations of Wall Street created an environment where short-term decisions were made at the expense of the long-term good.

We Were Yahoo! -- the story of Yahoo -- is a cautionary tale not intended for the faint of heart.

Senator Jeremy Ring was an early internet pioneer, as he opened the East Coast office for Yahoo! out of his apartment in early 1996. Senator Ring has had thousands of mentions in all newspapers across Florida as well as appeared often as a guest on several national cable news programs on Fox, Fox Business, CNN, and NewsMax. Time magazine, Newsweek, USA Today, The New York Times, and US News and World Report have all reported or opined on legislation proposed by Senator Ring. In addition, Bloomberg Business Week named Ring as one of the top ten Yahoo! alumni in America. Senator Ring has given talks at industry and trade events, political clubs and college campuses throughout Florida. His speeches mention the rise and fall of Yahoo! and his own personal experiences helping to usher in the digital information age.

 

Location: 
1 Ferry Building
San Francisco, CA 94111
We Were Yahoo!: From Internet Pioneer to the Trillion Dollar Loss of Google and Facebook Cover Image
$16.99
ISBN: 9781682615782
Availability: Usually Ships in 1-5 Days
Published: Post Hill Press - January 23rd, 2018

Only someone from the corporate inside could explain how Yahoo --one of the greatest brands in corporate history--could rise to the greatest height ever seen in American business...and then crash into oblivion.