On: The Summly deal makes no sense

[wangarific]

Yahoo just paid $30mm for an unknown technology and a fresh face to parade around, they would appreciate it if you didn't start poking holes in the narrative.

Thank you

[huhtenberg → wangarific]

Actually it now looks more and more like some sort of elaborate kick-back scheme for the investors. "Your YHOO stock has sunk below the waterline, so here's something to sweeten the pot."

[tixocloud → huhtenberg]

I actually think this kinda makes sense. That or relationship building with the investors. Plus, Yahoo! hasn't been making any new waves for quite a while. They needed to make something happen somehow to get people excited.

The founder might be brilliant and I could be wrong about this whole relationship building with investors to try and get attraction nonsense.

[corresation → tixocloud]

Plus, Yahoo! hasn't been making any new waves for quite a while.

They've been making tonnes of Marissa Mayer waves. They're the New York Jets of technology.

[gesman → huhtenberg]

Highly likely. The crowd sees only the tip of the iceberg and knows only what it allowed to know when it allowed to know.

[granitepail → wangarific]

So you're assuming they didn't do their due diligence? That they threw $30MM at a company they knew nothing about? Has anyone in this thread gone so far as to even try the product?

[rhizome → granitepail]

I think the idea is that they threw $30MM at a company they knew a lot about, due to the investors behind it.