Yahoo! Inc.'s sale to Verizon Communications Inc. marks the end of an era for the Internet pioneer. The $4.83 billion price tag for a company which was once valued at $128 billion during the dotcom boom has become the talk of the town.
Since the deal's announcement leaders from the tech industry have been taking to social media to express their feelings and opinions. While some are feeling nostalgic, others are talking about the karmic cycle that led to the death of what was once one of the strongest consumer Internet brands. Here's how a few top leaders reacted to the deal.
Vijay Shekhar Sharma, CEO, Paytm
Rashmi Sinha, founder, SlideShare
Thinking about turnaround CEOs and if @marissamayer ever really had a chance. Whats your take?
— Rashmi Sinha (@rashmi) July 25, 2016
Jeff Weiner, CEO, LinkedIn
Hard to fathom: Verizon bought AOL ($222B peak market cap) and Yahoo ($128B) for $4.4B and $4.8B respectively https://t.co/oDcnbfz1Ts— Jeff Weiner (@jeffweiner) July 24, 2016
Manu Kumar Jain, Xiaomi India head, former co-founder Jabong
End of an era! At IIT, we used @Yahoo for everything - it was the biggest internet company then. From $100+ Bn to $5 Bn. #HowThingsChange
— Manu Kumar Jain (@manukumarjain) July 25, 2016
Andrew Ng, Chief Scientist of Baidu; Chairman and Co-Founder of Coursera
Rise of web search led to Yahoo downfall. What could AI's rise lead to? Tweet your thoughts! https://t.co/hM9A9QHOIp— Andrew Ng (@AndrewYNg) July 24, 2016
Ambarish Mitra, founder, Blippar
#Yahoo sale to #Verizon proves - 'nobody knows nothing and timing is everything' pic.twitter.com/o3mWyDnZAG
— Ambarish Mitra (@rishmitra) July 25, 2016
Preetham V V, VP-Products, inMobi
Here are some interesting posts on LinkedIn:
Pramod Sadarjoshi, Oracle India Pvt. Ltd, relates Yahoo's sale to Verizon with Shakespeare and his play Julius Caesar.
Ash Patel from Morado Ventures writes that, while it is sad to see Yahoo! no longer as a standalone company, Yahoo! is not gone. "...for proof just look around you, the Yahoo! Diaspora is everywhere and thriving. The Diaspora has gone on to found 100's of companies and every tech company in the Valley and globally has some Yahoo! DNA," Patel says.
CRISIL's Sridhar Chandrasekhar talks about smart investing, which is not just about what and when to buy, it's also about knowing when to sell.
SC Moatti of The Angels' Forum and Opera Software asks 'Why Facebook survived mobile and Yahoo hasn't' with her post on the professional networking site.
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