This is the story of a wonderful idea. Something that had never been done before, a moment of change that shaped the Internet we know today. This is the story of Flickr. And how Yahoo bought it and murdered it and screwed itself out of relevance along the way.
Remember Flickr? I vaguely remember this thing called Flickr, which was the big photo-sharing site just a few years ago. Mat Honan goes long on the story of how Yahoo bought Flickr and how Flickr became “an afterthought.”
AOL is teaming up with some private equity firms in a bid to buy Yahoo!, reports the WSJ. It’s interesting because AOL has a market capitalization of $2.68 billion, compared to Yahoo!’s market value of $20.56 billion. Of course, AOL’s CEO also talked about how Yahoo! could actually buy AOL, according to the article. So nobody really knows anything for sure.
(Yes, punctuating that headline was a brief nightmare.)
When I went to work for Yahoo after they bought our startup in 1998, it felt like the center of the world. It was supposed to be the next big thing. It was supposed to be what Google turned out to be.
What went wrong?
An interesting read. Especially considering the divergent roads the two companies (Yahoo! and Google) have taken since. Right now, Yahoo! is noteworthy to me mostly for their constant rollout of new and solid original content (The Upshot, the terrific Yahoo! Sports). Somewhere, sadly, AskJeeves cries into his sleeve.