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Especially when you look at the vast number of unprofitable products they offer. (Pipes and YQL come to mind)

Pipes is a great example, with even more of a niche audience than any of the non-profitable Google products I can think of, aside from maybe Refine.

Who's to say Pipes isn't getting the axe either?

...The slides from the Yahoo meeting that show what products they're axing?

(Yahoo is.)