Marissa Mayer resigns as Verizon closes Yahoo acquisition

Shawn Knight

TechSpot Staff
Staff member

Verizon as anticipated on Tuesday sealed the deal with regard to its acquisition of Internet pioneer Yahoo. After gaining shareholder approval last week, the nation’s largest wireless carrier today finalized the purchase which sent former Yahoo CEO Marissa Mayer packing.

As has been previously reported, Verizon intends to consolidate what’s left of AOL and Yahoo and form a new entity called Oath. According to recent estimates, as many as 2,100 people could soon be out of a job.

It’s been nearly five years since Yahoo took a gamble and hired former Google employee Marissa Mayer to lead the ship. Many will pin Yahoo’s shortcomings on Mayer’s leadership decisions but in reality, the task of turning around a company that had fallen so behind the times was incredibly daunting.

Despite being acquisition-happy, Mayer was willing to pull the cord on several products that were well past their prime, helped rebuild their advertising business, improved its website and mail systems and sent share values on a trip north in which they recently hit a 17-year high. Yet again, achievements like those will likely be forgotten as people focus on the negative such as the massive security breaches that took place under her watch

With Mayer now out of the picture, Oath will be led by former AOL CEO Tim Armstrong.

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D

davislane1

It’s been nearly five years since Yahoo took a gamble and hired former Google employee Marissa Mayer to lead the ship. Many will pin Yahoo’s shortcomings on Mayer’s leadership decisions but in reality, the task of turning around a company that had fallen so behind the times was incredibly daunting.

Despite being acquisition-happy, Mayer was willing to pull the cord on several products that were well past their prime, helped rebuild their advertising business, improved its website and mail systems and sent share values on a trip north in which they recently hit a 17-year high. Yet again, achievements like those will likely be forgotten as people focus on the negative such as the massive security breaches that took place under her watch


Stop white knighting. She was chosen to save Yahoo. She failed.

Yahoo's problem has been poor executive decision makers, going from Mayer all the way back to Semel. None of them put the company in a position to be competitive in the modern market. No amount of small victories along the path to defeat matter. Each one of them was hired to make Yahoo great again. Each one of them failed.
 

Skidmarksdeluxe

TS Evangelist
Damn man! How come some of my outrageous stuff up's weren't as profitable as hers? Instead they wound up being a dead loss. It's not fair I tell ya.
 

fps4ever

TS Evangelist
Despite being acquisition-happy, Mayer was willing to pull the cord on several products that were well past their prime, helped rebuild their advertising business, improved its website and mail systems and sent share values on a trip north in which they recently hit a 17-year high.
Updated what, achieved what? All I heard were horror stories when they were in the process of updating email. And the website updates? You call that improvement? They did nothing but buy other company's and bleed money. I don't think she was as successful as you think she was.
 

Uncle Al

TS Evangelist
Good riddance .... the only improvement would be for them to dump her and snatch away that golden parachute!