Yahoo is shutting down about half of its content verticals
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It's tricky for Yahoo to communicate about how its business works, because Yahoo is the oldest and largest "portal" site, and so by design it tries to do (and milk revenue from) everything it can. Their business is complicated at a fundamental level by design, because sometime during the late 1990s, someone running Yahoo came to believe that the whole Internet was a kind of land grab, and the winner was going to be to the Internet what AOL was to, I don't know, the Internet for people who didn't know what the Internet was.
Since they're a huge public company, they have to communicate facts about their business to investors, with some precision, and so they expose you to terms like these.
A non-crazy way to think about Yahoo is like a magazine publisher that also owns a couple somewhat popular applications (mail, search). The "content verticals" are the magazines.
> Since they're a huge public company, they have to communicate facts about their business to investors, with some precision, and so they expose you to terms like these.
Isn't a term like "content vertical", though, used with investors precisely for its imprecision? That is, it imparts of flavor of mysterious business strategy and arcane MBA knowledge to the most mundane of activities: creating multiple sub-websites that focus on different content.
To extend your analogy, if a publishing company wants to precisely communicate the decision to publish new magazines, they'd say "this quarter we added four new magazines on the topics A, B, C, D to our roster." If they wished to make it sound like something deeper was going on, they might say, "we're deepening our reach into multiple markets by adding new content verticals."
The term "vertical" seems to be common amongst executives. I first came across the term when my father asked about the verticals of companies I was applying to. It appears to mean "line of business" or "field of work" or "subset of market". For example a company catering to textile industries, banks, pharmaceuticals, would have these "verticals".
So "content verticals" immediately made sense to me as "subsets of the content they produce".
PS: "we're deepening our reach into multiple markets by adding new content verticals." makes perfect sense because executives really do see the move as moving into multiple markets (or market segments) as each new magazine caters to a different class of people
It's eccentric to consider - say - food journalism as a vertical, because it really isn't.
But then "We're closing some of our online magazines" wouldn't sound nearly as decisive and strategic-y.
In all seriousness though, just because your Dad told you, it doesn't make it any less gibberish.
Or, you can slice it vertically, into departments, with all the levels of seniority together grouped by what they're actually doing. You could call them departments, you could call them markets, but those terms are already taken.
(Can I get some help working in 'gamification', 'bootstrapping', and 'dogfooding'?)
There are technical terms that annoy me when I first hear them. It appears people are trying to inflate their worth by using unnecessarily specific or complicated terms. Then on some random night when I'm bored I'll familiarize myself with the term and all its' nuances and from that point forward it's more efficient to use the formerly-annoying-and-seemingly-high-and-mighty term to communicate exactly what I mean in a single word or phrase.
That's just how language works. But like anything, some folks will latch onto anything to inflate what they bring to the table by over-complicating things.
Thankfully the divining rod for weeding these people out is often as simple as asking them two to three questions on the topic to discern if they're leveraging their vocabulary or hiding behind it.
1. It's a genuinely useful term, descriptively named, for which no good succinct alternative exists: eg, "outrage porn."
2. A genuinely useful term, poorly named, but excusable because it already has an entrenched history and community using it: eg, "monad" in functional programming.
3. A confusing term, poorly named, for which many good alternatives exist, but which continues to thrive on meme status, or for political reasons, within a particular community. A lot of marketing and business slang, and PC terminology, falls into this category.
So I think it's valid to criticize slang in category 3. That is, not all slang is created equal, or for equal reasons.
Depends on your study of history. (https://en.wikipedia.org/wiki/Monadology#The_metaphysics_of_...).
... on second thought, I guess that's exactly what you were saying.
These kind of judgemental blanket statements have no place on a site like this,and worse show a lack of experience working in any large company. Please try to be more productive when contributing.
When multiple authors, photographers, videographers create works around similar topics and themes, "content verticals" can be a useful term. Still some have little love for it.
It's a rite of passage...
Go work a construction site...a hospital...a day care center...if you're new you'll either pick up on the "code" or be somewhat of an outsider until you do...
It's the price of true admission...
Edit: fashion.yahoo.com isn't real, so I changed it to entertainment.yahoo.com
Fundamentally if someone can program well they will get hired. Whether one is suited to run a large company or not well its complicated and the outcomes often make the world (and indeed their companies) a worse place. At least that is the at least somewhat justified belief.
That said, personally I think it is reasonably descriptive. What I do object to is when it leaks into normal life. Get new 'content'... my you have got good taste in content (points to bookshelf)
Is that what you think? It certainly gave me pause; "startups" are some of the worst offenders when it comes to spewing jargon.
>as opposed to the value creation process of founders who build new things and call them simply.
Oh brother...
It just screams inexperienced teenager that thinks everything adult is stuuuuipd. Just had higher expectations for the discourse, thats all.
Hope that helps!!
When I left they were working on a unified data processing system for this group of verticals, which didn't really work. Two years later, they just got rid of most of the content, in favor of big pictures and articles. I'm guessing that's why there's no traffic and they're shutting them down.
Anyway, in most of these verticals, Yahoo was competing with companies that were dedicated to the space, and had way more people working on it. Yahoo! Travel was in the neighborhood of 25 people, and TripAdvisor was closer to 1,000. We were able to compete because we could leverage yahoo platforms, and then do what we needed to do within our space.
In longer form: basically a codeword for "A once vaguely or perhaps genuinely interesting website / channel / magazine / whatever but which is now (through various nefarious means) in the possession of Megacorp X, which, in turn, couldn't begin to give a toss about the actual content (let alone the so-called "community" of once passionate viewers / readers), other than through the perception that they serve some marketing demographic Y, real or imagined, to whom, they would like to fancy, they can sell zillions and zillions of ads to."
:(
If they did they probably wouldn't be in this position.
Yahoo spends some small X% of their resources on the web applications, some larger X% of their resources on the writing/audio/video, and some much larger X% of their resources on an advertising sales force which explains to e.g. brokerages why those brokerages should be investing their ad dollars on Yahoo Finance in parallel to MSNBC or Fortune Magazine.
Moreover, the phrase "content vertical" gets to the heart of Yahoo: Yahoo is a media company which just so happens to write in-house software occasionally, not a software company with a media arm.
"Fuck" is an expletive based on a slang term for sexual intercourse. "Dropping bombs" is a violent military act that results in horribly maiming and murdering people, often including civilians.
Get your priorities straight.
There is a similar idiom in German ("die Bombe platzen lassen", "letting the bomb pop") but it has a different meaning (i.e. revealing shocking/surprising information) and is different from how we refer to explosions (e.g. "zünden", "detonate") making it sound more like it's describing a balloon than explosives.
I wonder why Americans consider "fuck" more offensive than other expletives, especially considering it's so widely used (and in some social contexts wouldn't raise any eyebrows at all). I guess it falls back to Puritanism again: not only is it a swearword, but it's describing a sinful act -- not simply sexual intercourse but likely sexual intercourse in a very non-Puritan way (i.e. not soberly between a married faithful couple for purely reproductive purposes).
I should also add that English swearwords in German are generally far less offensive than the German equivalents, though even then they're far more socially acceptable. I also think that the German equivalent of "fuck" as an expletive is actually borrowed from English and an artefact of the influence of English language media.
EDIT: I also find Puritanism far more appalling than any swearword or expletive.
Heh, I was born in Juelich. But I've lived in the U.S. since I was 5 so I'm culturally American.
> I guess it falls back to Puritanism again
Yep, pretty much.
> I also find Puritanism far more appalling than any swearword or expletive.
I can't really argue with you about that. Nonetheless, I think it's important to be judicious in one's choice of occasions to break societal norms, even when those norms aren't rational.
"I'm a CEO speak" for categories.
I can't think of a better example of a company that needs to shed worthless baggage and focus on high value propositions.
And I am gobsmacked Yahoo has not at least made an attempt at a real social network. They have hundreds of millions of users, at the point they are in giving all their users an automatic account on Yahoo Social might be a dick move, but it's time start taking risks and see what unfolds.
Rather than building out a full-scale social network like Google+ they might be better served by aiming for something like Reddit, or HN. There's enough sociability and gamification to make it an engaging destination, but it's not confusingly trying to reproduce a Facebook. Of course maybe this kind of lightweight social network is what you meant in the first place.
I would guess that Yahoo's audience might not have a ton of exposure to all the different social networks out there on these days, and they might appreciate a stronger community aspect to Yahoo. A Facebook clone wouldn't make sense, but something that gave it more of the flavor of imgur or HN might. Though I suspect that would be really hard to pull off.
It wouldn't be the bet thing for Yahoo to focus on, but it wouldn't be the worst.
Maybe just more engagement. People spend a hell of a lot of time on Facebook.
I am thinking a social networking site like Facebook, combined with a mobile app that not only acts as a client to the social network, but also emulates the easy sharing features of instagram/snapshat/periscope. Something the younger generation will want to use all day.
I mean, the hardest thing about building a social network is getting users. It is not as simple as "built it and they will come". Yahoo already has the users, to not leverage them seems crazy (or maybe I am).
And in response to other comments about Tumblr...just no. Tumblr is not a social network, it is a bogging site, one of many. Facebook doesn't have a stand alone blogging site, and Google has left it's one to rot, there is probably a good reason for this.
Going by the trainwreck that was Google+, I think you're completely wrong on this one.
The hard part about building a social network for a company like Google, or even Yahoo, isn't getting user accounts. It's making something that people actually want to use.
If they get it right,, I agree it could be a big deal, but the potential for totally destroying it by accident is great.
To put it another way: right now, Tumblr is making no money for Yahoo. Destroying the site and its reputation to make it into something profitable is actually the sensible move, compared to just leaving it alone. If they just wanted to leave it alone... why did they acquire it?
To go even further, though, I don't think they need any of Tumblr's current userbase. When I said that "Yahoo has a social network: Tumblr", I wasn't referring to the userbase, but to the codebase and the built-up staffing with social-network-running expertise. They could throw out Tumblr-the-website, and transfer all the people working on it to a new, fresh-from-scratch social network project (maybe built on Tumblr-the-backend), and it'd still be a more sensible strategy than leaving it alone.
Source: worked for a social network that died by sacrificing users for an idealized vision of what it could be.
Whether they could make it work is a different matter altogether, critical mass is a hard thing to force but Yahoo seems to be in a position to do at least that.
Even so, I highly doubt anybody would anchor their little home on the web to a sinking ship. It's a bit late now. Right after Mayer took over they might have had a shot at a move like that.
3: Yahoo 360, Yahoo Kickstart and Yahoo Buzz.
> Yahoo 360
This sounds like it could have been something worthwhile, although it seems to have a focus on personal/website blogging rather than true social networking (focus on friend updates and sharing).
And while it was apparently launched in 2005, it looks like it might have been developed in 1995 and put on hold for a decade.
They had a major backend overhaul called OpenSocial, that was supposed to bring social networking to Yahoo. I think the overhaul took 5 years and the way I understood, their plan was to start build outward facing social networking once OpenSocial was completed.
When it was finally done, they had been through something like 2 CEO's and nothing came of it.
Example: https://www.google.com/search?&q=what+is+3+lbs+in+kg+site%3A...
Add Experts-Exchange to the blacklist while you're at it.
Their value would be a lot higher if they could seamlessly transfer ownership of the property. Rebranding costs users.
- wasn't able to turn the company around
- wasn't able to monetize tumblr
- wasn't able to capitalize on Alibaba shares
- wasn't able to deliver return to investors
- was able to parachute out of Yahoo with hundred million dollars+
Someone tell me, what CEO out there actually does anything that justifies their insane pay grade because often it looks like someone just waving a baton thinking he/she's a conductor despite how much the orchestra sucks.
Maybe if it actually began investing what it paid out to a revolving door of CEOs looking to make a cool hundred million dollars....just then Yahoo will be a stock worth buying.
His answer was that it was a pretty pathetic one based on his observation. The CEO would take him to different floors and explain stuff but nothing that had any substance or material understanding of operating the country.
Carl Icahn's view isn't alone. Nassim Taleb also blasts overpaid professionals and experts as "empty suits", they literally add little to no value to the organization other than how much they don't shut up about how great they are and what ivy league school they graduated from.
I also have to conclude that CEOs are largely useless and could be replaced by a sock puppet operated by a homeless man.
http://recode.net/2015/11/09/yahoo-hires-mckinsey-to-mull-re...
She has not done better than flipping a coin would have done, it's a real shame that she has taken so much cash out of the business.
Hard to say what is and isn't related to the CEO. Microsoft's new CEO seems fantastic but it's hard to say what is and isn't contributed to him. I guess ultimately all the good and bad is contributed to every CEO regardless.
I'm thinking they did pretty okay with Alibaba. They sold a chunk for a few billion, I think. They still own $23 billion of Alibaba.
That's some serious capital.
There aren't many alternatives for a board of directors when just selling the company isn't much of an option.
On the other hand, in this narrow sub-domain of "high tech", how many turnaround experts are there? Worse, even with the "$100m pay package", how many of them, or just plain CEOs with some experience in with adversary, would be willing to take on the job? Maybe she was about the best they could get.
That made me lol. They should just keep their gossip columns (half the news on the front-page). The comments on those articles are always entertaining.
Agreed. Who the heck are those people who comment? Are these comments aggregated from somewhere?
It almost sounds like they failed at integrating a new employee, and since this employee is the CEO, they failed at taking life-changing decisions to reshape the company.
http://finance.yahoo.com/echarts?s=YHOO+Interactive#{"custom...
That's what distinguishes legitimate news or entertainment outlets from "content verticals."
If you can't value the state-of-the-art research being done in your labs, then you don't really value a thing.
that's a bit simplistic. vowpal wabbit is cool, but if the corporation can't figure out a path from the research to revenue, then it's smart to spin it off or shut it down.
maybe the more amazing thing is that they couldn't find a competitive advantage in the vowpal wabbit project.
Microsoft is doing great stuff with it in finance, ads, and MR is doing amazing stuff.
Is that what Yahoo is these days? Clickbait news and Tumblr? How are they still regarded as a major tech company?
Out of curiosity which companies are doing a better job than Flickr?
I happen to have a Yahoo email account.
Why would a search company have junk like that ?
How much other worthless baggage do they have ?
There is no way that I would look at inane posturing on Yahoo's blogs.
Wanted to LOL at this as the other time, i watched one of the 'life hacking' shows of this moron, and he demonstrated how to find out whether an egg is hard-boiled ... by spinning it...