mINE temperory

Thoughts 27/07/16

Yahoo CEO’s Last Letter To Employees After Verizon Acquired Yahoo For $4.83 Billion!

After months of struggle and long bidding processes, finally, Verizon makes an announcement that it acquired the core business of Yahoo for $4.83 billion. The main goal of this acquisition seems to be merging Yahoo and AOL (Which was acquired by Verizon last year). This is mainly for competing with giants such as Facebook and Google. If you don’t know let us tell you that AOL already owns TechCrunch.

On the other hand, Marissa Mayer, the CEO of Yahoo is trying to be happy with this deal, even though it is taking away her job and putting an end to all her efforts that she took for shaping up Yahoo as the last CEO. She wrote a letter to her employees, have a look;

Dear Yahoos,

Moments ago, we announced an agreement with Verizon to acquire Yahoo’s operating business. This culminates a rigorous, thorough process over many months, and yields a great outcome for the company. Today’s announcement not only brings us an important step toward separating Yahoo’s operating business from our Asian asset equity stakes, it also presents exciting opportunities to accelerate Yahoo’s transformation. Among the many entities that showed interest in Yahoo, Verizon believed most in the immense value we’ve created, and in what a combination could bring our users, our advertisers, and our partners.

This is a good moment to reflect on Yahoo’s journey to date.

Yahoo is a company that changed the world. Before Yahoo, the Internet was a government research project. Yahoo humanized and popularized the web, email, search, real-time media, and more.

What really sets Yahoo apart is the shared passion to create great products for our 1B+ users, and in doing so, transforming the world for the better. You can clearly see that spirit, that commitment, that fight in the work we’ve done together over the past few years. We set out to transform this company – and we’ve made incredible progress. We counteracted many of the tectonic shifts of declining legacy businesses, and built a Yahoo that is unequivocally stronger, nimbler, and more modern. We tripled our mobile base to over 600 million monthly users, we invested in and built Mavens from basically zero in 2011 into $1.6B of GAAP Revenue in 2015, we streamlined and modernized every aspect of our consumer products, and, with Gemini and BrightRoll, we dramatically improved our advertiser products. This only scratches the surface of what we’ve achieved … and we all know how much hard work it took to get here.

It’s because of that hard work and resilience, that Yahoo will realize amazing opportunities in its next chapter.

This sale is not only an important step in our plan to unlock shareholder value for Yahoo, it is also a great opportunity for Yahoo to build further distribution and accelerate our work in mobile, video, native advertising, and social. As one of the largest wireless and cable companies in the world, Verizon opens the door to extensive distribution opportunities. With more than 100 million wireless customers, a shared view of the importance of mobile and video ad tech, a deep content focus through AOL, Verizon brings clear synergies to the table. And with their aggressive aims to grow global audience to 2B users and $20B in revenue within the mobile-media business by 2020, Yahoo’s products and brand will be central to achieving these goals. Joining forces with AOL and Verizon will help us achieve tremendous scale on mobile. Imagine the distribution challenges we will solve, the scale we will achieve, the products we will build, and the advertisers we will reach now with Mavens – it’s incredibly compelling.

The strategic process has created a lot of uncertainty, but our incredibly loyal and dedicated employee base has stepped up to every challenge along the way. Through the first half of the year, we met our operational goals and overachieved on plan. But, further, there are things that you cannot measure, like the passion of the people behind the products. The teams here have not only built incredible products and technologies, but have built Yahoo into one of the most iconic, and universally well-liked companies in the world. One that continues to impact the lives of more than a billion people. I’m incredibly proud of everything that we’ve achieved, and I’m incredibly proud of our team. For me personally, I’m planning to stay. I love Yahoo, and I believe in all of you. It’s important to me to see Yahoo into its next chapter.

As we work to close this agreement in Q1 2017, it’s more important than ever that we come together as one global team to continue executing on our strategic plan through the remainder of the year. We have delivered the first half of the year with pride, achieving our goals. Now, it is up to us to make Yahoo’s final quarters as an independent company count.

Yahoo is a company that changed the world. Now, we will continue to, with even greater scale, in combination with Verizon and AOL.

Thanks,

Marissa

thoughts 22/july,16

Sri Sri speaks .. on Worried...

When we are worried about what other people are saying about us, then there is ego. Even when you are doing good, there will be some people who will find fault with it. Similarly, there will be people to praise even if the person is corrupt. So, don't worry about it. If you make a mistake, accept it. That is intelligence. In the same way, others can also make mistakes. Don’t wait for them to ask for forgiveness. You forgive and move on. A mistake happened. Drop it. Don’t keep thinking of past mistakes and chewing on it like gum. It is like churning up a pile of garbage. You must save your mind at all costs. - Sri Sri Ravi Shankar

Thoughts - 14july,2016

The story of AN Elephant & A Housefly... by sri sri ravishankar

There’s a story. There was a housefly who lived on the leg of an elephant. She used to sit there all day. One day she got angry at the elephant and said, "I am going to leave this elephant!" Just when she decided to leave, the elephant moved a little and caused a lot of dust to rise up. The fly saw the dust and thought, "Oh, see, I have moved so much dust, that a storm is coming. Let it hit the elephant. He will suffer." Now the elephant is not even aware there was a fly sitting on his leg.

This is such ignorant talk saying, "I don't want to give my power to somebody." To whom will you give power? Do you have any power? What power do you have? You don't know what your mind is. You don't know how the mind works. You don't know how your mind acts, at what time, where it leads. It has only led you to so much misery again and again. There is no power at all in the mind. There is power only in the Divine. That is the only source of power. But our shell, our ego, our resistance, our fear makes a resistance, and the resistance in turn protects the fear, so one remains in a small shell. So there's nothing to be afraid of. Drop it.

Thoughts - 13/07/2016