Following on from AdViking’s attempt to liveblog the meeting earlier, some quick round up points.
The board went over the top in trying to defend themselves and I believe that this comment from one small investor really is all that has to be said:
“You’ve got a situation where it sounds like the girlfriend in a breakup now trying to convince the world she was the initiator, not the victim,” he said. Microsoft looks like the “strong, silent type,” and Yahoo looks “weak.”
There was some fireworks from the audience but the vote went ahead smoothly and other than the Ichann change and the ex-AOL honcho Jon Miller on/off switch, everyone still has their seats.
In a microblog nutshell:
We had a great strategy. MS bid made us focus on something else Still, we have traffic, the Internet is great it’s just our tech isn’t so hot & we have loads of talent (ignoring the fact of the recent exodus).
Here’s link to the deck they gave. Not that interesting in itself but some good points to pull out for industry trends.
All in all, AdViking now regrets earlier excitement and agree with his wife about being a geek…