“When you have a fire hose of cash com­ing in, it’s like, ‘Prob­lems? Who cares?’ ”

Bloomberg Businessweek (Asia) - - CONTENTS -

The head­quar­ters of YA­HOO! in Sun­ny­vale, Cal­i­for­nia, en­com­passes roughly 1 mil­lion square feet of wa­ter­front of­fice space, with floor-to-ceil­ing win­dows and views of San Fran­cisco Bay. Ya­hoo owns the cam­pus, as well as a 50-acre plot of land in Santa Clara that was once seen as a pos­si­ble lo­ca­tion for an ex­panded head­quar­ters but which now con­tains a 3,500em­ploy­ees park­ing lot for the San Fran­cisco 49ers. About and ad­vanced com­puter sci­ence de­grees, con­trac­tors, many of them en­gi­neers with , come to work in Sun­ny­vale; an ad­di­tional Sin­ga­pore, Lon­don, and two dozen or so other cities around the world. There’s a research lab in Is­rael staffed by Ph.D.s and a me­dia team that 6,000 re­port to of­fices in in­cludes for­mer To­day show an­chor Katie Couric. Ya­hoo owns thou­sands of patents, the broad­cast rights to the en­tire Satur­day Night Live back cat­a­log, and an e-mail ser­vice with 250 mil­lion users. 22 years ago, as Ya­hoo’s founders first called their cre­ation when they launched it reaches more than Jerry and David’s Guide to the World Wide Web, 1 bil­lion users each month $5bil­lion in rev­enue in 2015. You might think all of th­ese as­sets would add up to some­thing, but you’d be wrong. Ya­hoo, when looked at in a cer­tain way, and took in al­most is worth ap­prox­i­mately

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