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Hype Malaysia
15-06-2025
- Business
- Hype Malaysia
Yahoo's Downfall: Why Did The Tech Giant Fade Into The Background?
Gaining a competitive edge is not easy; maintaining it is harder. In the online world, rapid success can lead to inevitable decline, as seen with Yahoo. Once a trusted portal for news, email, and search, Yahoo lost its advantage due to missteps and missed opportunities, reshaping the digital landscape in its decline. Time isn't easy on everyone. Compared to its peak, Yahoo has become merely a faint reflection of what it once was. In the 90s and 00s, the portal saw over 700 million concurrent users, raked in USD$7.2 billion (approximately RM32 billion), and was the most visited site for the first half of the 2000s. Here's what happened: Missed Opportunities While Yahoo! enjoyed early success, it made several pivotal miscalculations that would prove costly in the long run. One of the most famous examples is the company's refusal to acquire Google. In 1997, when the search engine's founders, Larry Page and Sergey Brin, reportedly offered Yahoo! a chance to buy their budding startup for a modest sum, Yahoo! passed on the opportunity. Even when a deal was later on the table for billions of dollars, Yahoo!'s hesitation to commit ultimately set the stage for Google's explosive growth— an outcome that would redefine the search landscape and leave Yahoo! scrambling to catch up. As social networking began to emerge as a dominant force, Yahoo! also faltered in its attempts to expand into this realm. In 2006, the company made a high-profile but ultimately unsuccessful bid to acquire Facebook for USD$1.1 billion (approximately RM4.91 billion). This deal, along with repeated failures to merge with potential partners like Microsoft— even when a staggering offer of nearly USD$45 billion (approximately RM201.7 billion) was on the table in 2008— illustrates a pattern of overconfidence and a reluctance to embrace change. In hindsight, miss after miss became emblematic of Yahoo!'s strategic paralysis in a period where the digital world was transforming at breakneck speed. Expensive Acquisitions and Strategic Overreach In a bid to solidify its position as an internet powerhouse during the dot-com boom, Yahoo! embarked on a spree of acquisitions. The deals for GeoCities and in 1999 were emblematic of the era's exuberant investment mentality. At the time, both acquisitions were hailed as visionary moves that would expand Yahoo!'s reach into user-generated content and streaming media. However, as the market evolved, it became clear that these expensive experiments were not sustainable. Integration challenges, mismanagement, and a failure to adapt these platforms to shifting consumer demands eventually forced Yahoo! to shutter these services, marking a series of costly lessons in strategic overreach. Security Failures and the Erosion of Trust No discussion of Yahoo!'s decline would be complete without mentioning its significant security lapses. The company suffered two major data breaches— one in 2014 affecting over 500 million accounts and another, an even more massive breach, later revealed to have compromised 3 billion accounts. Exposing millions of users to potential harm and further tarnishing Yahoo!'s reputation. In a time of increasing awareness and prioritising of security and privacy, these breaches underscored the company's vulnerability and eroded any remaining user trust. In the eyes of the consumer and investors, Yahoo! is a spiralling plane that just caught fire. Every now and then, companies find themselves in the right place and time, a culmination of factors that present an opportunity to make an imprint in history. The nature of this imprint, however, is up to the founders and management— to take on the arduous task of capturing and nurturing screaming electrons and plasma in grandma's jam jar. From market leader to the brink of collapse, sustaining success not only requires foresight, innovation, and luck but also being humble enough as to not succumb to one's hubris. Sources: a2hosting, bizjournals, medium, fastcompany Gan contributed to this article. What's your Reaction? +1 0 +1 0 +1 0 +1 0 +1 0 +1 0
New Straits Times
13-06-2025
- New Straits Times
Selangor police bust syndicate selling drug-laced vape liquid
SHAH ALAM: Selangor police have dismantled a syndicate selling drug-laced vape liquid worth more than RM5 million after raids in Klang Utara and Sungai Buloh on Tuesday and Wednesday. Twelve individuals were arrested, including two local men and 10 foreigners — four of them women — aged between 21 and 38. Selangor police chief Datuk Hussein Omar Khan said this marked the biggest success of the year for the state police in combating drug abuse involving electronic cigarettes. The first raid took place around 8pm on Tuesday at a vape shop in Klang Utara. "During the raid, police seized 663 cartridges containing vape liquid suspected to contain methamphetamine, with an estimated total volume of 1,260ml. "A 21-year-old local man, who was the shop assistant, was arrested. Background checks showed he had no criminal record and his initial urine test came back negative. "The seized vape liquid is estimated to be worth RM199,000 and believed to be intended for distribution around the Klang Valley," he said at a press conference at the Selangor police headquarters today. Following the first raid, Hussein said another operation was launched at 12.30am on Wednesday at a factory in Sungai Buloh, which was used to package the vape liquid. There, police detained 11 individuals — one local man and 10 foreigners including the four women aged between 21 and 38 — and seized 4,600 pods along with 158 plastic drums filled with vape liquid suspected to contain amphetamine (864,600ml) and ketamine (650,000ml). "Preliminary investigations revealed that the local man acted as the business manager while the foreigners were involved in packaging the drug-laced vape liquid. "Checks showed none of the suspects had any prior criminal record. The total value of vape liquid seized in the second raid is estimated at RM4.91 million, believed to be intended for distribution in the Klang Valley and neighbouring countries," he said. Hussein said the packaging factory had been operating for the past six months and is believed to be funded by a foreign man who is being sought by the police. "The individual is believed to have entered the country and taught the local suspect (the business manager) how to process the drug-laced vape liquid. "We are also investigating whether this case is linked to a Taiwanese syndicate recently busted by Bukit Aman's Narcotics Crime Investigation Department (NCID)," he said. Meanwhile, Hussein said checks showed that the vape shop involved in the first raid had been operating for the past four years. The premises owner is believed to be overseas and will be called in to assist in investigations. All 12 suspects had been remanded for between five and seven days. s
New Straits Times
03-06-2025
- Business
- New Straits Times
Red Sena to hold last meeting on July 11 before winding up
KUALA LUMPUR: Red Sena Bhd, a special purpose acquisition company (SPAC), will hold its final meeting of members on July 11, as it enters the last phase of its winding-up process. In a filing with Bursa Malaysia today, the company said a final cash distribution of RM4.91 million was completed on May 7, 2025, translating to RM0.00614125 per share for eligible shareholders. The final meeting, scheduled for 10.30am at Corus Hotel here will provide shareholders with a report from the liquidator on how the company's assets were managed and disposed of. Shareholders will also consider a resolution on how the company's books and records should be handled, as required under Sections 459 and 518(3)(c) of the Companies Act 2016. Following the conclusion of the meeting and submission of the required documents to the Companies Commission of Malaysia, Red Sena will be delisted from Bursa Malaysia. A further announcement will be made upon completion of the company's dissolution.
