Pandora Willing To Become A Spotify App: Cofounder Tim Westergren | Fast Company

This reminds me of a conference call we had during a Management class in college. We were speaking to some VP at Yahoo (this was back in 2006) and someone in the class asked him what they were doing to compete with Google’s growing user base. His response: nothing. He said Yahoo has different features and offers more to the search user. He was making a case that they had plenty of loyal users (read: old, and resistant to change) and kept pointing to how much more money Yahoo was making than Google. In 2010 (4 years later) Yahoo’s revenue was 6 billion… google’s revenue 29 billion.

Yahoo’s stock this time 6 years ago: $43, today: $15. Google’s stock 6 years ago: $465, today: $659