Poor Terry…he had to face the brunt of questioning from Walt Mossberg, on a host of tough issues, of which there are no black and white answers. He took it gamely and tried to answer as best as he could. (Side note: Mos is da man…really.)
Anyway, some notes and below that some links to other bloggers writing about his speech:
China controversy: What changes cultures, what changes laws? I think things are a lot better now than say the 80s, and I think is to help change things for the better. Any way we can bring information, other points of view…change always take a while.
We as a company don’t have a point of view…we don’t start off by saying American way is the best way. Fundamentally, we have to abide by the rules of each country, as much as say U.S.
Search: Is it just Microsoft vs Google? Google does a much better job at monetizing, and we hope to close the gap in the next couple of months.
Yahoo search for consumer: When are you stop selling paid inclusion? I think it provides a good service…it is a different kind of advertiser, whose inventory is changing by the minute/hourly. 99 percent of our search is algorithmic…
Social search: Our product called Yahoo Answers…Let’s not assume the game is over in search…there is more than one way to search and we have to keep looking it.
Social Networking: MySpace…time will tell whether it will have long term viability. Safety is a big issue. If you make it safe, advertisers will follow.
Yahoo Music: Don’t count the subscription music services out yet. Portability is the big question, and no one has been able to replicate the experience of iPod. Why would people subscribe to anything when they can’t take it anywhere? You need a device which is open and as good an experience as iPod.
Yahoo-eBay: eBay has some of the richest and best inventory on the Web…to have that inventory as part of our search would be incredible. Yahoo has very large graphical ads expertise and we have never sold it for anyone else. We have an opportunity there. And then there’s Paypal…we get that capability.
For more details on his interview, see these other sources:
— WSJ’s blog: Here (defending China) and here (about Yahoo Answers)
— ZDNet’s blog: Here, on Yahoo as an aggregation engine.
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