I’ve heard, from a friend (isn’t this always how it starts with could be urban legends?) that Yahoo! is going to close down because it is going bankrupt. Is this true? Funny as it sounds, much of my net life is connected through Yahoo (e-mail, IM, clubs, dozesns and dozens of bookmarks which will take me a loooong time to transfer somewhere else).
Highly unlikely. Yahoo! actually makes money! They have earnings! They aren’t just a big cash sucking machine. That doesn’t make them invincible, but it should mean they’re less likely to go under than a company like Amazon which has never made a dime.
See, that’s what I thought. And my friend who told me is pretty Internet illiterate, in that she’ll believe anything someone tells her.
I believe Yahoo!'s stock is down a bit (in the general dot-com purge), but, as smackfu pointed out, Yahoo! actually does make money.
The former is probably the source of your friend’s confusion.
[hijack]So Amazon really doesn’t make money? How does it stay in business?[/hijack]
Re Amazon: They lose money on every sale, but they plan on making it up on volume.
Basically.
You don’t have to make money to stay in business…you just have to have people give you more money.
As for Yahoo, I heard they weren’t doing so hot.
I heard the same thing about Priceline.com and wondered “Then why do they keep advertising?”
They still have Bowl games to sponsor!
Anake, keep your fingers crossed. Yahho! is profitable, which does not mean that AOL or somebody else won’t eat it one day. If that happens, they may or may not reorganize old Yahoo!
What do you mean by Yahoo! bookmarks? My browser keeps my Bookmarks/Favorites, I have no “bookmark” icon in Yahoo!.
Besides, anything, including bookmarks, can be copied with one click. It ain’t loooooooooong.
Peace.
Lots of investors pumping money into it. Here’s an article about it from CNN. They expect to start making money sometime in 2001.
Amazon.com is being watched closely by many dot.com investors- if any internet company can operate with huge losses at first, then turn it around (which is the model for virtually every startup), then amazon.com can. If they eventually go under, a lot of dot.com investors will go away (even more than they already have).
Arjuna34
You guys should do your homework.
At:
http://quote.netscape.com/chart/Quote.tibco?view=chart&symbols=YHOO
You can see that Yahoo had a high of about 240 & is now around 36. ain’t that freaky? That’s nothing, you should see how far stocks fell today, Wed.