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February 26, 2004
Yahoo Cool On Social Networking
Posted by Stowe Boyd
Frank Barnako reports in his CBSMarketwatch email that Yahoo is not leaping into the social networking scene, like Google has.
"Online social networking may be the hot thing on the Internet these days, but it's not a business as far as Yahoo's concerned.
"It's exciting, it's interesting, it's viral," agreed Terry Semel, Yahoo's (YHOO) CEO. But, he added during a speech to the Commonwealth Club in Santa Clara, Calif., "We haven't seen any business models around it yet.""
They can just buy someone later, after all, once the risk is shaken out and the winning models emerge.
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