The coldone is off to another destination with his big ol' bag of weed. Yahoo is at $26.90 now. Yahoo will be much higher when the coldone returns. The coldone advises all Yahoo longs to take some time off and enjoy yourself. You are a success.
Well done Marissa and David. The coldone knows Yahoo is in good hands. Time for a vacation.
Mayer has a three year plan that will blow you away! While we're growing into Marissa's strategy she will monetize most of the Asian assets. It's just that simple.
Who is shorting Yahoo at $26.58..?
They are all showing up today to cry like the little babies they are.
Why does the coldone have to rule..?
-Tumblr is going to run separately from Yahoo. CEO David Karp will report directly to Mayer. The brands will not co-mingle.
-Yahoo plans to retain all Tumblr employees. Yahoo will help it hire more engineers and ad sales people.
-Yahoo believes the deal pushes it over 1 billion users.
-The deal is $1.1 billion, payable almost all in cash. Karp will get some Yahoo stock.
-Yahoo does not expect Tumblr to materially contribute to its revenues until sometime in 2014.
-Mayer says that Tumblr is ahead of Yahoo in mobile.
-Mayer says Yahoo hopes to get search traffic from Tumblr users.
-Yahoo will feature Tumblr blogs on its media properties. She says this should boost Tumblr's traffic and make Yahoo's media properties more attractive to Tumblr's demographic.
-Karp missed the earnings call because he had to host an "all-team" meeting with employees. Mayer is going to start calling Yahoo all-employee meetings all-team meetings, too.
-Karp held a meeting with his senior staff on Friday night, and all of them "signed on" to the deal.
-Mayer isn't worried about all the NSFW content on Tumblr. "The width and breadth of content on Tumblr is what's exciting and has allowed it to reach more users."
-Yahoo will bring in-stream ads to the Tumblr dashboard, at some point. It will also help Tumblr bloggers sell ads, if they want to.