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

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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.”

 

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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'
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