Former Yahoo CEO Marissa Mayer Regrets Buying Tumblr Instead Of Netflix Or Hulu As It “Would Have Been A Better Acquisition”

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Marissa Mayer, the former CEO of Yahoo, is recalling her time at the tech company and opening up about some regrets. During Mayer’s tenure at the top of Yahoo, the company bought the microblo…

Mayer also said that the other two regrets she had as Yahoo’s CEO was hiring Henrique de Castro as the chief operating officer instead of Lisa Utzschneider and not making “the tax-free Alibaba spinoff to separate the assets of the company.”

“If we had done that, it would have saved $10 billion for our shareholders or made them that money, whichever way you look at it, in taxes that were paid,” she added. “And two, it would have allowed Yahoo to continue as an independent company, and it would have potentially had more success.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 109. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ex-Yahoo CEO Mayer admits the company should have bought NetflixEx-Yahoo CEO Marissa Mayer admits the company should have bought Netflix instead of Tumblr as it 'would have been a better acquisition'
Source: BusinessInsider - 🏆 729. / 51 Read more »