posted on March 7, 2001 01:04:28 PM new
wonder what they have up their sleves with this announcment on the stock channel.trades were halted for yahoo today?
posted on March 7, 2001 01:46:55 PM new
I think they're going to tar and feather Yahoo Auctions Brand Manager, Brian Fitzgerald, on national TV!
Afterall, he brought down the entire enterprise. By charging exorbitant fees for formerly free auctions, he demonstrated to the financial community what Yahoo was really worth.
Just a happy thought.
[ edited by ecom on Mar 7, 2001 01:49 PM ]
posted on March 7, 2001 02:26:23 PM new
Hey, let's all go apply for the job of CEO! They announced they are going to do an external search! Could we do WORSE?
posted on March 7, 2001 08:32:15 PM new
I am sure the YAHOO spin doctors will claim they planned it that way ... and that balloon attached to their stock prices is made of QUALITY lead
posted on March 8, 2001 06:42:51 AM new
Personally, I don't think Yahoo's action in implementing fees on the Yahoo Auction are the cause of the stock devaluing. Apparently, across the board, Yahoo has some very poor, unrealistic, management. I also think Yahoo got a big head, and forgot how to properly deal with customers, whether they are their sellers on the auction, or their advertisers. AND remember “the bigger they are the harder they fall.”
With this devastating announcement I would definitely NOT expect to see Yahoo to admit failure with its implementation of fees on the auction, as it appears at the moment Yahoo needs every penny it can scrape up, so I would not expect fees to be eliminated.
IF Yahoo's attitude toward its advertising customers has been anything like its attitude toward its sellers on the auction, it is no wonder they are in traumatic financial condition - who wants to pay to put up with such an attitude?
posted on March 8, 2001 07:58:18 AM new
jwpc - you are right on the account that the fees are not the cause of the stock devaluing. However, you must remember that fees were introduced to generate mucho revenue needed to keep the current stock holders happy. And as that is not happening things are not looking good! http://www.homestead.com/mainelymontanacrafts/index.html
Once again, Yahoo has over 500,000,000 shares outstanding. Take the revenues YOU think shareholders were expecting from auction fees and divide that by 500,000,000 to get the expected revenue per share.
Then tell me with a straight face that Yahoo was expecting enough revenue from auction listings this year to keep shareholders happy.
posted on March 8, 2001 12:09:14 PM new
Can somebody help me with what should be a simple concept?
I keep hearing about satisfying the shareholders. I assume these shareholders are normal people like us who buy a piece of a company. It seems like many dot.com companies are failing because the shareholders are unahappy.
How much does a shareholder need to stay happy?
Are these companies going down because the shareholders are getting greedy and want more, or are they going down due to mismanagement and loss of revenue that is devaluing the shares?
I know it's not this simple, but it seems to me that if they got rid of the shareholders, a lot of these companies may just be able to survive.
posted on March 8, 2001 12:13:03 PM new
stockticker >
Once again, Yahoo has over 500,000,000 shares outstanding. Take the revenues YOU think shareholders were expecting from auction fees and divide that by 500,000,000 to get the expected revenue per share.
Then tell me with a straight face that Yahoo was expecting enough revenue from auction listings this year to keep shareholders happy.
No, Yahoo! planned (or plans) to implement fees in a growing number of business segments, and taken together, these total fees were going to make shareholders happy.
Yahoo! chose to implement fees in Yahoo!Auctions first because, after all, auction sellers are cash cows that can be milked.
That business plan hasn't worked out all that well.
[ edited by ecom on Mar 7, 2001 01:49 PM ]
