As most of you know, Verizon purchased Yahoo for around 4 1/2 billion dollars. But when mergers happen, it’s often low-end workers that leave. However, with this merger, even the Yahoo CEO has to go. Marissa Mayer resigns: Is Yahoo Dead?
So Verizon gave a statement. The statement announced Meyer’s choice to resign, rather than continue with the movie. Furthermore, Meyer penned a letter to her employers. She called it an honor to work and lead the company for five years (she took the role in July 2012). She also brags about how under her leadership, Yahoo grew and strengthened. But to her credit, Yahoo users did increase up to a billion per month.
But don’t feel too bad for Meyer. She will receive a $23 million parachute. Come to think of it, a lot happened during Meyer’s reign, good and bad. Yes, Yahoo did save face and get somewhat a good reputation. But during Meyer’s reign, they were also a victim of a mass hacking. Over 500 million emails were compromised. Maybe that’s why I have to jump through hoops to get to my Yahoo email. Also, every time you looked around, Yahoo leaders jumped shipped like Titanic passengers running to lifeboats. But this time, Yahoo itself got a lifeboat. That lifeboat was Verizon. So as Marissa Mayer resigns: Is Yahoo dead?
Maybe not. Yahoo apparently saved AOL. They also have Tech Crunch and Huffington Post. This is becoming more common in the IT support and computer service industry. For the last several years, it’s been one merger after another. Some celebrate this merger. I don’t. I think it’s a tragedy. Yahoo lead the Internet revolution in the 1990s. In fact, they came along even before Google. Yahoo is the first website I ever logged onto. But now, Yahoo is no longer their own. Because it’s now Verizon’s. So Marissa Mayer resigns: Is Yahoo dead?