Wednesday, January 4, 2012

Paypal's Thompson To Head Yahoo

US web portal Yahoo has declared Scott Thompson, the boss of online payments definite Paypal, as its new head.

He will expand the cavity left by Carol Bartz, who was discharged as arch senior manager in September after unwell to spin around the company's fortunes.

Mr Thompson has headed Paypal, the payments section of eBay, given 2008, during that time its userbase doubled.

Yahoo is now undergoing a vital examination as it has unsuccessful to keep up with rivals such as Google.

The US firm's key products, alongside its looking engine, add print pity site Flickr and its webmail platform.

However, its full control of webmail - and the subordinate services it offers its email account holders - is beneath hazard as younger users quit to amicable media sites such as Facebook and Twitter.

"Scott brings to Yahoo a proven record of office building on a plain substructure of existing properties and resources to reignite enhancement and expostulate growth, precisely the regulation you need," mentioned Yahoo chairperson Roy Bostock .

He mentioned that Mr Thompson would concentration on Yahoo's core businesses, but would moreover work keenly with the house on its vital examination of what new investments to make and existing business lines to draw up of.

"He's a dim knight," mentioned Stuart Miles of sell technology blogsite Pocket-lint. "He's a nuts-and-bolts man rsther than than a skipper of industry."

The company faces two choices, according to Mr Miles - possibly to concentration on product enhancement similar to Google has done, or else to concentration on media by compelling itself as a calm hub.

"Yahoo.com has a hired gun amount of headlines and information," he said. "A lot of people see Yahoo as a media company.

"But he's a tech man rsther than than a media guy. It's not coherent whether he will concentration on innovating products (which Yahoo has attempted and unsuccessful to do) or concentration on calm creation."

No comments:

Post a Comment