I am a Marissa Mayer fangirl. She is like Beyonce to me.
But even I know better than to mix religion with business. And Yahoo investors, who put so much faith in the CEO’s ability to turn Yahoo around, are having something of a crisis of faith as the company reports another lackluster quarter.
In terms of product, the end of 2013 was awesome. Yahoo put a lot of modern spit and polish into its most popular apps and cut a lot of product deadweight. The company also continued to hire and acquire some of the finest developers and designers in Silicon Valley and beyond in a total of 31 M&A deals. And earlier this month, we learned that Yahoo is about to have its major mobile moment, when mobile users will eclipse desktop users in number.
In terms of revenue, however, the end of 2013 was shaky. Year-over-year, revenue was down 6 percent, and income was down 8 percent. The overall war chest of cash and securities was down 17 percent.