I’d fully support Joe Stump as CEO of Yahoo and all the moves he intends to make — even though I’m not sure Yahoo could afford Twitter or Square in its current weakened state, let alone both.
Meanwhile, John Gruber, in linking to Stump’s post has a couple of questions. First, “How did Instagram eat Flickr’s lunch, for example?”
Here’s how (and why).
Second, “What exactly has Carol Bartz even tried do while CEO of Yahoo?”
Her goal, as far as I can tell, has only been to improve Yahoo’s bottom line to bolster the company with Wall Street and make them a more attractive acquisition target. She’s not doing that by building new products or pushing new initiatives, she’s doing that the easier way: by slashing and burning.
She seems to think she’s trimming the fat — and to some extent she is — but at the same time, she’s been trimming Yahoo’s soul as well.
Everyone is now pissed off and calling for Bartz’s head because her strategy hasn’t paid off — at all. Wall Street still doesn’t love Yahoo, and it doesn’t look like any would-be acquirers do either. And consumers don’t love Yahoo because it seems like they haven’t done anything worth talking about in years. And they haven’t.
It’s hard to build great new products when someone has a knife in your side.