By the time you read this Verizon will have officially offered to buy Yahoo for a mere $4.8 billion fucking dollars. Yes folks, the monster telecom will be buying the Exxon Valdez of Internet companies. For some unexplainable reason they seem to think that Yahoo’s rapidly shrinking share of digital advertising can be turned around… And speaking of turnarounds, last week, Yahoo said second-quarter revenue, minus commissions paid to partners for web traffic, fell 19%. This marked the sixth decline in the past seven periods and the steepest slump under Purple Knockers Chief Executive Marissa Mayer. Which is why she will shortly walk to her next job with a $100 fucking million golden parachute. Isn’t capitalism great?
Do you realize how many of these you can buy with $100 million?