Business Comment

Yahoo, the internet dinosaur, is running out of borrowed time

Yahoo is still one of the great survivors of the internet age. But for how much longer? What began life in a Stanford University dorm as “Jerry and David’s Guide to the World Wide Web” has been around for 22 years – in internet terms roughly the geological equivalent of the early Jurassic – and is now living on borrowed time. For it to have any chance of survival, shareholders should bite the bullet and give in to demands from the activist investor Starboard Value.