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New Yahoo Hires – Great for Headlines, But Not for YHOO Stock

YHOO stock needs more than new personnel to keep climbing

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New Yahoo Hires – David Karp

new-yahoo-hires-david-karp-yhoo-stockRole at YHOO: CEO of Tumblr
Past: Founder and CEO of Tumblr

Marissa Mayer made arguably her biggest splash when she dropped $1.1 billion on Tumblr — even though the site’s lack of profitability made folks question how it would help YHOO stock. Of course, the bid wasn’t just for a wildly popular blogging site; it also gave Mayer another new Yahoo hire in David Karp.

Marissa Mayer and David Karp took great pains to assure Tumblr users that they wouldn’t “screw up” the site. The biggest challenge for this new Yahoo hire will be figuring out how to monetize the site — thus helping the core Yahoo business and YHOO stock — without angering users.

Unfortunately, that will be easier said than done for David Pogue.

Article printed from InvestorPlace Media,

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