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Year old is now very rich man Yahoo! -- the blogging site Tom lawful one point one billion dollars the found is there is David copies twice if she is old.
He's gonna stay on -- as CEO but he's very -- -- right now.
Joining us now is Jeremy Kaplan I don't by young and rising stars of the tech guru -- well -- Give -- a thumbnail sketch want this -- do.
It was the the easy -- -- use blogging site that's out there lets you.
It at the drop of the -- create a blog to.
-- information with the world so if I -- start a blog I don't but if I did I gotta tell you go to -- -- was one of many thanks we'll do that is it is certainly the most popular out there competing with Google's Blogspot another big one but what are you offering for a billion loss of his wounds that you think.
That's a very interesting question having Marissa -- certainly thinks it's worth it what they're buying more than anything else is the 300 million people that are using this site -- that's an awful lot of people to very very young user base and if you're a company like Yahoo! that's looking to get.
For more money and out of advertising really.
Sway the public perception of who Yahoo! is is a company that really -- into things -- -- them public perception of the company being young hip and also the eyeballs which -- matters most.
And can they get their money back.
You know there that's that's really good question that's I think the -- of the whole thing if you ask me.
Yahoo! is still a very vibrant and very interesting company.
With an incredible amount of money in the bank they got five they have more than five billion dollars in the bank right now so they're doing pretty well and yet everyone thinks they're doing terribly.
Who's -- -- -- -- that Yahoo!'s got five billion by the bank four billion buckle four billion in the bank that's a lot of money.
Write children's that's an incredible amount of what may be his deal says more about Yahoo! that it does about tumble doesn't it.
Well I think it says that Marissa -- not as willing to take risk and I think Wall Street likes that you know whether this is not to -- -- you know.
But some people bring in a geocities and I think that paid over three billion -- certainly with a -- for the most part.
But at least he's willing to take risks he hit the world what with a splash and Wall Street -- -- they bit the stock up.
Under no real change fundamental changes since he's been there.
By the way -- IS says today having.
One point one billion and a the agree.
The agreement and -- promise not to screw it and hope.
Tomlin will be independently.
Operated as a separate business for the was.
-- not gonna screw this thing up but she puts that's a -- a billion and it it and I'm gonna screw it up especially given the history of acquiring a lot of companies maybe not doing much with them and perhaps tweaking them around a little -- you can't mess with something like Tom are you got 300 million people coming to it there.
Let them keep coming that you don't make any money and a well.
-- that that 300 million active users.
Walks so walks when they're not paying anything you know that that's exactly -- 300 million users and there's almost no advertising on the site right now they don't -- doesn't make a lot of money.
So one point -- billion.
I don't I don't know exact numbers but don't -- they make anything frankly so what they have to do is take those users and start feeding them just a little bit adds just a few ads here in there.
And over time you know transform that -- -- the different -- what can put his picture back up again mr.
Cobb David -- 26 years.
What do you make of him is -- what I I think he's what 250 million atmosphere this -- -- the college drop out but he.
High school drop out which I think it is a bad statement for us in general has that people we need to go to high school into college we have a history of this.
I don't know where they stayed out and say -- -- -- gets back to my point that he embraces knowledge that's it I'm just saying where knowledge base economy and people who are -- port they -- to make the -- he had big ideas he's got some great ideas so they can keep doing so Jeremy Kaplan approves both on the public side and the Yahoo! -- this is a very interesting -- and you'd like it's going to be interesting to see what happens in the next six months as -- don't always likes.
Until weeks after I'm fascinated with.
Jeremy Kaplan everybody thank you much and it's.
For a -- all those exact.
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