Reportedly Yahoo Finance has revenue between $100M and $250M annually. With the increase in retail interest in investing it seems like a property that could have some growth potential behind it if they did things right and separate from Verizon.
The Yahoo Finance portal would run as a subsidized loss leader to on-ramp new customers into crypto investing. Setting up the portal to put crypto assets on the same footing as traditional assets would do a lot to appeal to older or more conservative investors who view crypto as "magic Internet money".
Plus a lot of people are interested but have no idea how to acquire crypto assets. People are used to being able to see all their assets on their favorite brokerage's platform. Yahoo could set it up so that if someone looks up a chart for DOGE-USD, that they have a one-click opportunity to buy it off Coinbase's exchange.
What you don't see much of is conservative investors who are super hot on crypto. Not necessarily because of anything about crypto, per se, so much as because part of being a conservative investor is that you don't really get super hot on anything.
Betting with the momentum works unless (A) you're a latecomer to a ponzi scheme, or (B) there's a reversion that catalyzes longstanding doubt about an asset that has enjoyed a bull run. Both of these cases may well be applicable to a large portion of the overall crypto marketplace.
https://finance.yahoo.com/video/charlie-munger-crypto-whole-...
There are also levels of conservatism: Buffet still takes risks. In any given year, there's a possibility that he loses money, even if he's amazing in the long term. This is very far from the extreme end of conservative investing where, for example, someone 2-3 years away from retirement shifts all of their investments into a low-yield guaranteed return investment to ensure that a temporary downturn in the economy doesn't wreck their ability to retire.
That statement is demonstrably false. There are two reasons to not be invested in cryptocurrencies at this point in history. You are either ignorant of the technology (which is fine, lots of more important knowledge out there), or it doesn't fit your current risk profile.
There is not a knowledgeable person on the planet who would say that any investment in any cryptocurrency is bad for all investors.
edit: later I am proud to have been downvoted by blockchain bozos.
2. What sectors are you invested in that are somehow immune to hype cycles?
nitpick: you cannot buy Doge off Coinbase even with 10,000 clicks.
>DOGE
Not really helping your case here
I believe the Yahoo's suite of fantasy sports apps is second only to DraftKings in terms of market size and DraftKings' market cap is $22b. No reason that couldn't be spun off as its own company and be worth a $5b itself with the right leadership.
Twitter is a publisher. They have their fingers on the scale in both directions in multiple places.
It says something that someone as lazy as myself will actually hop out of Google's flow and perform a manual step to go Yahoo Finance.
Eg: Google Chrome on Android
Easy, just use version numbers which asymptotically approach an irrational number, like Knuth's TeX (currently at version 3.14159...ish)
But seriously, the incentive to be "done" is when a lot of other software relies on your API or file format. This is why mozillans throw such a tantrum whenever anybody tries to use their rendering engine as part of some other piece of software. Getting to "done" isn't fun.
Obviously with desktop no longer being the dominant market, this might not work everywhere, but Yahoo Finance + Yahoo Messenger was at one point the intercom of Wall Street.
And if there was ANYTHING worth reviving from this entire blob, it would be Yahoo Pipes!
I'm also shocked Microsoft wouldnt want a hand in cleaning this up. Migrate Yahoo Mail and AOL Mail into exchange like they did Hotmail. Another stab at the Adtech market, of which they are already partners with this beast. Buy this company and sell the news/dialup divisions. Relaunch AIM and Yahoo Messenger as Skype clients with Yellow / Purple skins, and cross communication. It's not uncommon to sell identical products under different brand badges.
YM! at least has been killed. They've migrated the service and one day I received a notification that all my contacts and the message archive would be deleted.
I'm sure Apollo Management can't wait to do this.
It isn't formally broken our in any filings though as far as I know.
Also, what does it do that retail brokers don't offer better and for free now? News aggregation?
A lot of it is about presentation.
Brokers may "have" the same info as Yahoo Finance or finviz, but if you have to dig through ten pages to get to it and or their charts look like a 1990s website, there's still room.
A lot of more serious investors find themselves paying out of pocket for trading tools like stockcharts/tradingview/finviz/Y!F Plus, because these tools help them be more productive because actual thought and care has gone into the products.
But this is the reason why Bloomberg Terminals are worth $20K/year/seat. On paper, you can find a lot of the same info online for free, but the interface itself is a huge value-add.
But boardrooms aren't known for their innovation. You'll score more points in that environment pointing out potential risks. Suggesting a risky, innovative approach is not a great strategy if all you care about is tenure on a board.
Most innovation happens in hungrier environments.
I recently dropped the premium fin.yahoo for a paid simplywall.st account. During my research I found many alternatives. Even my broker has all the data that fin.yahoo offers.