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The latest Internet news….

Yahoo continues to reduce its work force by 4% that will affect 600 people. Whilst rival google announced a 10% pay increase for every member of staff.

Indeed whilst the internet continues to grow it seems that Yahoo continues to miss the mark with only 2% growth in the year that saw Google grow by a staggering 23%

Yahoo just keeps getting it wrong unfortunately. Just a few years ago in 2008 Yahoo rejected a thirty billion dollar bid from microsoft and today is combined value of shares totals around twenty two billion dollars.

Whilst we also heard of some operational problems in their UK social media department we can see that other social media properties like YouTube, Twitter and Facebook continue to grab the cash and the headlines with hundreds of millions of users flocking to those services it seems that Yahoos models are just not taking off in the same way.

Lets hope that they fare better in 2011, we wish them well – and no doubt some of those 600 will find employment at Microsoft and Google.

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The latest Internet News from Weboptimiser

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