April 8, 2004
Yahoo!
Today's article in the New York Times business section about Yahoo! reads like a company press release. Except a press release would actually contain disclaimers.
Hasn't anyone learned anything? Impressive recent financial results are reported with barely any analysis as to what is behind the numbers. Yahoo! is a company that has been up and down. It's also still largely dependent on advertising to subsidize its basically free services. And what's with the stock split at $50? Stock splits are bogus anyway; at $50 it just seems like a way to fuel hype. Yahoo! has successfully taken the media for a ride and can laugh all the way to the bank.
