This is an interesting move considering Yahoo's recent difficulties. Yahoo has been hit pretty hard in the recent economic downturn, since it rejected Microsoft's 45 billion dollar bid just before the global financial crisis - http://www.reuters.com/article/idUSWNAS894220080201. Now it's worth about 22 billion. Its sale of hotjobs.com seems more related to financial reasons than strategic reasons (consider this: monster.com wanted to purchase hotjobs.com a few years ago but Yahoo won that with about 400M dollars; now monster.com only paid about 200m dollars).
Now people view Yahoo more like a media and service company, instead of a technology company. Google and other new Web 2.0 companies has taken away a lot of businesses from Yahoo. Will Yahoo survive? Which Yahoo service (Finance, Auto, Flikr, Movies, Search, Delicious, etc.) do you like and use most? Which of these services do you think Yahoo has an advantage over its competitors? What's the right direction for Yahoo?
More about job websites
- http://seekingalpha.com/article/37720-an-overview-of-the-online-job-market
- http://www.ebizmba.com/articles/job-websites
- http://en.wikipedia.org/wiki/Employment_website
More about Yahoo: http://en.wikipedia.org/wiki/Yahoo
