I think you're being too harsh on the revenue side: they make a ton of money. They may not be growing that at the desired rate, or in the right markets, or be a

I think you're being too harsh on the revenue side: they make a ton of money. They may not be growing that at the desired rate, or in the right markets, or be appearing to be innovative (or being actually innovative), but Y! has a ton of cash flow. When Mayer took over, they had no ability to attract or retain any kind of tech talent. Now, they can do so at the same rate as any other ad company. That's a big change. She didn't hit it out of the park, but she's delivered her shareholders a solid double.