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

Bloomberg Businessweek (North America) - - 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 park­ing lot for the San Fran­cisco 49ers. About 3,500 em­ploy­ees and con­trac­tors, many of them en­gi­neers with ad­vanced com­puter sci­ence de­grees, 6,000 re­port to of­fices in 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 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. Jerry and David’s Guide to the World Wide Web, as Ya­hoo’s founders first called their cre­ation when they launched it 22 years ago, reaches more than 1 bil­lion users each month and took in al­most $5 bil­lion 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, is worth ap­prox­i­mately -$8 bil­lion.

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