Just a quick point: Yahoo is quite profitable [1], just not as profitable as some investors wish. I only see one quarter of the last 20 with negative EPS.
edit:
Also, I see essentially no hope for Y! though I'd love to be wrong. Consider:
(1) they should have owned the display rtb market. Instead, internal bickering and stupidity handed it to Google. Y! had the first rtb system (rmx), and screwed up so badly that the current next best rtb system compared to google -- appnexus -- is run by the former rmx cto. This will be the next business that is material to google's earnings and yahoo should have owned it.
(2) Scott is talking about ditching rmx and apt. Pray tell, what the hell is he going to run Y's business on, and why is it going to be any cheaper if they're paying for that software from someone else?
(3) They gave away search, and decrease market share and search rev every quarter. Golf clap.
http://data.cnbc.com/quotes/YHOO/tab/5
edit: Also, I see essentially no hope for Y! though I'd love to be wrong. Consider:
(1) they should have owned the display rtb market. Instead, internal bickering and stupidity handed it to Google. Y! had the first rtb system (rmx), and screwed up so badly that the current next best rtb system compared to google -- appnexus -- is run by the former rmx cto. This will be the next business that is material to google's earnings and yahoo should have owned it.
(2) Scott is talking about ditching rmx and apt. Pray tell, what the hell is he going to run Y's business on, and why is it going to be any cheaper if they're paying for that software from someone else?
(3) They gave away search, and decrease market share and search rev every quarter. Golf clap.