Yahoo! Inc. (NASDAQ:YHOO) has claimed that it is the third largest mobile development company. In a program on CNBC, Dan Nathan said that ranking on third position and bragging about it doesn’t make sense. He said that Yahoo! Inc. (NASDAQ:YHOO) has completely lost the mobile wars. He compared Yahoo with Facebook Inc (NASDAQ:FB) and said that Instagram has lead every other mobile app in the modern tech space. He also said that Yahoo! Inc. (NASDAQ:YHOO) doesn’t contain the skills which Facebook has. Facebook Inc (NASDAQ:FB) has an app-centric ecosystem. It has completely nailed other companies. It slowly bought the mobile apps being used by billions of people around the world like WhatsApp, Instagram.
Yahoo! Inc. (NASDAQ:YHOO) is also trying to boost its ads network, but the company seems to be late there as well.
Another expert said that minus Alibaba, Yahoo is not worth it. He won’t own Yahoo! Inc. (NASDAQ:YHOO) even after the mobile claims from the company. He said that many experts even argue that Yahoo! Inc. (NASDAQ:YHOO) is nothing without Alibaba stake and its core business value is zero. Facebook Inc (NASDAQ:FB), on the other hand maintains the steep, continuous product curve with smart acquisitions, app development and features. It is now tapping into the wearable domain. Ads is another field where Facebook Inc (NASDAQ:FB) is reinventing the technologies and it is giving cold sweats to Google.
An expert in the program said that Yahoo! Inc. (NASDAQ:YHOO) just bought an ads company and it is trying to leverage its own Ads platform Gemini to make it a network which can work on other platforms as well.
David E. Shaw’s D.E. Shaw & Co., L.P. reported owning about 16.19 million shares in Yahoo! Inc. (NASDAQ:YHOO) by June 30.