Let me backseat CEO this for a second. To me, the problem with Yahoo is they're no longer relevant, they no longer have a thing people want. In the past they made their money by being the "default" they WERE the front page of the internet. You open up a browser, there's a search bar, the weather, and a bunch of fluffy reprinted news articles.

But this isn't 1996. People don't need ANY of this. If I want the weather, I have a gadget on my phone, which by the way is the first thing I look at in the morning. If I want to search I type the query into the URL bar (I use chrome) If I want news I go to reddit or hacker news. Nothing is drawing me into yahoo. Reprinted badly written blog articles do not attract me. My mom would probably read them, but doesn't know how to search for them.

Basically, having an army of the top engineers in the world isn't worth anything if they're not working on something people want to use. Yahoo needs to rethink who they are if they want to survive, they lost news, they lost search, and they lost "hosting gadgets".