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Yahoo and Alibaba
So now you know the truth: The reason Yahoo is valuable to its investors has nothing to do with it being a consumer Internet company or its display advertising business.
It's a tracking stock for Alibaba. This puts Marissa Mayer in a wonderful position.
The only way Yahoo can return to growth is to invest lots of money in building or buying new, disruptive products and businesses ... That means Mayer has time to implode Yahoo's core business and spend a lot of money growing something else in its place.
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