(edited to fix typo)
(edited to fix typo)
I remember my friends working at Yahoo in the 2000's being all excited about the cult worship, good perks, then getting cynical about being stifled because they copied everything AOL was doing with project matrix management thinking nah, these guys won't make it.
I remember being at Google watching Marissa Mayer's user profile being delete right after the announcement got out that morning thinking nah, these guys won't make it.
But then I keep remembering, my mom still reads Yahoo Taiwan, uses Yahoo Mail, and sends me Yahoo News links. Then I keep remembering about the hundreds of products with plenty of inertia keeping the overall organization going.
Yahoo's in a great position. They still have good talent, have good traffic, and most importantly they can position themselves to be Apple's best friend by simply being Google's enemy.
Flickr, IntoNow, legacy stuff like Mail, Sports, Trave are still pretty diamonds that needs polish and TLC. They just gotta shore up profit to stay alive while out Google Google.
Instagram $1BB is an once in a lifetime situation brought on by the urgency of a company looking to block out competition and having the money.
Flickr isn't the same product as Instagram.
The real question is should Flickr change into an Instagram-like product or should Flickr stay as a photography community/product and can that still be profitable.
I don't know, but SmugMug, Behance, 500px etc are doing well. But the photo pie is getting bigger while Flickr's slice isn't necessarily growing at the same pace. This is a tough decision for executive management to double down, hold, or fold.
Yahoo's corporate DNA being a media company should make help, not detract, when new media is just media.