According to Alexa it's the 5th [1] but I'm sure it's not a huge difference between third and fifth.
Yahoo still makes almost $5BN a year. It's a 24 year old internet behemoth.
I mean by any reasonable measure of a company, those are ungodly numbers. Given how people talk about Yahoo though you'd think it was populated with lepers.
I guess it's all about managing expectations.
Another part of it is that it shows the incredible value of inertia. Sports scores and email is with $5B.
And I think a third is just a bit of schadenfreude from the internet insider set. Selling half of yourself to a Baby Bell-revenant and turning the rest into a tracking stock is a sad way for the first internet directory to die.
[1] The last vaguely interesting thing I can remember was Yahoo Pipes.
It's like the Minnesota Mining and Manufacturing Company (https://en.wikipedia.org/wiki/3M). They make $30 billion in annual sales with 55k products. How often do you hear about them? They're big, profitable, and news is mostly boring to HN interests.
And now Yahoo will be Altaba :)
[0] http://www.datasciencecentral.com/profiles/blogs/zipf-s-dist...