A brand that had a hand in defining the internet
before the age of Google, Yahoo has been on the
decline for the past 10 years. Although the web
portal pioneer is the fourth-largest site on the
internet and has an audience of millions, it has
been making news not for its achievements, but
for its missteps. Yahoo struggles to compete in
search, email, and data sharing. Acquisitions,
such as Flickr, have been underutilized. Without
fully developing social elements, Flickr ceded
ground to Facebook and Instagram. On top of
that, Yahoo’s revenues have been waning for
years and its content, while a dominant force in
online news, needs to evolve. Potential buyers
have been circling the troubled company for the
past two years and, so far, no one has been able to
revive the ailing brand. Enter Marissa Mayer — a
former Google executive, now Yahoo’s CEO. A
bold hire by anyone’s estimation, there is now
more hope than ever for a turnaround at Yahoo.
Indeed, the company has potential to make a
comeback: it has strong brand recognition, a vast
audience, and despite challenges, revenues are
up. Yahoo must realize that the content it’s now
developing will come to define it as a brand and
that, in a world overflowing with information,
differentiation has never been more important.