Here is the funds presentation about yahoo if you are interested. For what its worth, I think the fund significantly overplays their hand as to how effective t

Here is the funds presentation about yahoo if you are interested. For what its worth, I think the fund significantly overplays their hand as to how effective their turn around plan would be. https://regmedia.co.uk/2015/12/14/yahoo-springowl-presentation.pdf https://regmedia.co.uk/2015/12/14/yahoo-springowl-presentati... The one thing that I do think the report gets right is yahoo's head count is way too high. They should have a head count of around 4000/people to be in line with their Peers wrt revenue/employee. I think the biggest issue Yahoo faces is that their competitors are Facebook, Google and Microsoft. And Yahoo is trying to run itself like those companies. When you have huge piles of money coming in every quarter then you can spend freely on acquisitions to try and buy talent teams and products to jump start your company. Or put another way, making huge sums of money hides alot of bad decisions. Yahoo, unfortunately isn't making piles of money and this makes it very hard to compete when your closest competitors each have large near monopolies to generate money. Yahoo just has no margin for error, and its not really clear that even if they did everything right, that they could turn the company around. It would be like Canada trying to fight a war with the US, no matter how well you execute, you'll loose in the long run as your enemy has almost unlimited funds compared to yourself. Unfortunately during Mayer has destroyed alot of value during her tenure. Without Alibaba and Yahoo Japan, Yahoo is down almost 40% since she started. Bring in a new CEO, cut head count very deeply so you don't have to do it again.