Yahoo! continues to take heat from the “blogosphere” and the press. Most recently, Arrington complained that Yahoo! has no focus and that they have no idea what they’re doing.
That’s funny. Because a week ago, he reported that they have a 22% market share in search. You know who else has a similar share in their market? GM. Yahoo! is still profitable. Yahoo! is still growing at 7-8%/yr. Last I checked, that’s a pretty healthy business.
I’m not saying Yahoo! is perfect – everyone knows I do my fair share of bitching and moaning. But to say that Yahoo! is “done” because the CEO looks tired in the middle of a highly publicized, nasty takeover battle is reaching at best. I realize that the only way bloggers can differentiate themselves from the maintsream media is by having extreme opinions and foaming at the mouth, but in my mind this article has about as much substance as Valleywag’s blaming Filo for Yahoo’s “troubles.”
Arrington’s complaint that Yahoo!’s “focus” is too broad seems silly. How many multi-billion companies just do one thing? Where is the outrage at Google basically inserting themselves into every market they can possibly think of?
[...] (Miakhjiani is immediately hired by Yandex, a huge Russian search engine, proving my point that 20% market share ain’t nothing to fuck with). Yahoo! does grow at something like 7-8% a year (and our friend Michael Arrington should know from [...]