How do you solve a problem like Yahoo?

Not much else to say about it.

I don't know how they can do a meaningful recovery. Sure - they probably have enough cash to stay alive for a while - but if I were yahoo, I would be focusing on investing in every single startup in the valley in an effort to own some % of future innovation, which they have lost.

I cant see anything revolutionary occurring with their web property - their IP is mostly uninteresting and I cant imagine a large % of their staff being of too much interest to FB or Goog. I am sure there are some top devs there that would do well to migrate out - but for the majority of their staff, they must have few options.

Seriously - Yahoo could do well just becoming a very prolific investor in everything happening around them, rather than thinking a new haircut and convertable will alleviate their mid-life crisis.