Yahoo! Making! Money! Again!
from the amazing,-but-true dept
It seems that Yahoo! is actually profitable again for the first time in a year and a half. How long until they have to restate earnings, and we find out it’s really due to them hiding expenses in some offshore account? Anyway, they say the profit results from them “expanding” their business model away from advertising (though, man, have they ever gone crazy with their intrusive ads) and towards subscription fees. Of course, most of that “subscription revenue” is thanks to them buying out HotJobs, so it’s not so much a shift in business models, as it is spending half a billion dollars to buy a business that was actually making money.
