Anyone that followed tech news last years enjoyed the “Microhoo” debacle as Yahoo appeared to very publically shoot themselves in the foot.[more]
As if the fall out hasn’t been bad enough, with a shamed CEO and irrate shareholders, some of the hidden costs are now coming to light as their accounts records are declared.
So how much does it cost a company like Yahoo to say “no”? Seventy nine million dollars – in outside consultancy fees – a staggering amount even in “big business”. Personally I wonder how much of that money was spent searching for reasons to say “no” since Jerry Yang seemed to reject the offer with zealot-like commitment from the get-go.
Who can read that figure without mentally conjuring a list of 10 better things to do with the money? Hell, it’s hard to think of a worse way to spend the money; maybe they could have funded “Microhoo The Movie”, at least that might scrape a few dollars back?
About The Author: Matt
Matt is a passionate technology enthusiast who loves everything about the web, with a particular passion for helping Kent businesses. He's been tinkering with computers since he was young and has always been fascinated by the power and potential of the internet.
When he's not working on his latest web project, Matt loves to spend time outdoors, playing video games, and keeping up with the latest developments in the tech world. He's excited to continue pursuing his passion for web technology and helping Kent businesses to succeed in the online space.
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