Yahoo was downgraded today by S&P to “sell” from “hold.” Why?
Well, it just jumped 8%, but S&P believes “Yahoo faces notable competition from emerging social media businesses.”
That is, the ones it hasn’t bought yet… Yahoo also today removed the ability to comment on its news articles, which it had rolled out not too long ago.
It will be interesting to watch as Yahoo tries to build and/or buy success in harnassing user-generated content.
[Oh, by the way, I’m Travis Smith and I’ll be guest posting here for the next while!]