A Quote by Masayoshi Son
If they had listened to me and had equal partnerships in China, the U.K., Germany and Brazil, maybe Yahoo in those countries could have become positioned like Yahoo Japan.
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Let me start with Yahoo. As we meet today, a Chinese citizen who had the courage to speak his mind on the Internet is in prison because Yahoo chose to share his name and address with the Chinese Government.
When you have the countries like Germany, China, and Russia decline, and be replaced by others, that's when systemic wars start. That's when it gets dangerous, because they haven't yet reached a balance. So Germany united in 1871 and all hell broke loose. Japan rose in the early 20th century, and then you had chaos. So we're looking at a systemic shift. Be ready for war.
Yahoo! had a choice. It chose to provide an e-mail service hosted on servers based inside China, making itself subject to Chinese legal jurisdiction. It didn't have to do that. It could have provided a service hosted offshore only.
Yahoo was Jerry Yang's baby. He did a great job creating the baby. Unfortunately, some of the key executives after the foundation of the company couldn't keep up with the technology innovation of the industry. They thought that Yahoo should become a media company.
I think Yahoo has been doing so many things well for so long and, frankly, got a little trapped in, I think, 'Oh, what is Yahoo?'
Yahoo to me, as the founder of a company, is one of the biggest opportunities you could have; it's one of those classic Internet companies.
China had never had to deal in a world of countries of approximately equal strength, and so to adjust to such a world, is in itself a profound challenge to China, which now has fourteen countries on its borders, some of which are small, but can project their nationality into China, some of which are large, and historically significant, so that any attempt by Chinese to dominate the world, would involve in a disastrous for the peace of the world.
Yahoo is positioned for accelerated financial growth. We have a powerful consumer brand, a huge global audience, and a highly profitable operating model.
I'm very grateful and proud of the progress Yahoo! has made over the past year. When I took the position as chairman, I told the board that my intention was to serve for one year in order to help Yahoo! during a critical time of transformation.
Yahoo is a consumer brand. It is a consumer brand that allows people to get what they want from the Internet in a way that only Yahoo can deliver it.
I approached Yahoo as a learning experience. Everything at every stage of the game affects what you do next. At Yahoo, I learned a lot about social search and met a lot of amazing people - some are now entrepreneurs with companies I subsequently invested in.
Yahoo today is not a portal. Yahoo today is a search engine.
China has become a major presence for most countries around the world but notably for its neighboring countries in Asia. So I think it is a common position for Japan and its Asian neighbors that we certainly would strive to maintain as much as possible friendly relations with China.
Back when 'social' had a broad definition, you could almost say that Yahoo Finance chat was the first social product.
I remember working with a guy named Andrew Braccia at Yahoo, and Yahoo was the company that bought Flickr. Everyone on his team was hard working and reliable, did what they said they were going to do, on top of everything, and seemed to be operating at this level of productivity and effectiveness that I found difficult to manage to.
Yahoo!, over the years, had been the king of the banner ad.
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