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September 5, 2008 11:39:21 PM CDT

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Ailing Yahoo! Can't Keep Up With the Times

Posted Jan 25, 08 2:25 PM CST in Business,  Technology 

(Newser) – After miraculously withstanding the dot-com crash, Yahoo is again poised to fall face first off a virtual cliff, with its plummeting stock hardly masked by national economic disrepair. But despite hemorrhaging users to Google, the company is still a huge presence on the Web, with 3 billion daily hits. So "what has gone wrong at Yahoo?" asks ABC's Michael S. Malone.

The company has "the wrong business model and the wrong management," Malone answers himself. Describing "a survivor of a different Internet era"—the "fairly barren" 90s—Malone foregrounds Yahoo's inability to entice new users with truly original products. Throw "complacent, risk averse, and conservative" team leaders into the pot alongside a looming recession, and you've got a recipe for Yahoo's financial flatline.

Source ABC News

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Yahoo CEO Jerry Yang gives the Yahoo! gesture in the Yahoo booth after he gave his keynote address at the Consumer Electronics Show (CES) in Las Vegas, Monday, Jan. 7, 2008. (AP Photo/Paul Sakuma)   (Associated Press)
Yahoo CEO Jerry Yang gestures during a speech at the Consumer Electronics Show (CES) in Las Vegas, Monday, Jan. 7, 2008. Battered by slow revenue growth and the popularity of social networking Web sites,...   (Associated Press)
The Times Square news ticker flashes headlines above an advertisement for Yahoo on Tuesday, Jan. 22, 2008 in New York. Battered by slow revenue growth and the popularity of social networking Web sites,...   (Associated Press)
The Yahoo headquarters in Sunnyvale, Calif. is seen Tuesday, Jan. 22, 2008. Battered by slow revenue growth and the popularity of social networking Web sites, Yahoo! Inc. is poised to lay off hundreds...   (Associated Press)
  (Getty Images)
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Google  • Yahoo  • recession  • Web 2.0  • tech stocks  • stock price


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