Word: flickr
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...Yahoo's broad array of assets have proved difficult to manage, prompting the so-called Peanut Butter Manifesto last year, in which senior VP Brad Garlinghouse argued that Yahoo! was spreading itself too thin. And now that Yahoo has created a precedent in shedding Yahoo! Photos in favor of Flickr, it may cut down further on other businesses to focus on its core offerings...
...According to Hitwise, only 0.2% of visits to YouTube are users uploading a video, 0.05% visits to Google Video include uploaded videos and 0.16% of Flickr visits are people posting photos. Only the social encyclopedia Wikipedia shows a significant amount of participation, with 4.56% of visits to the site resulting in content editing...
...creation of a team of 60 top engineers--veterans of Apple, Flickr and Firefox--and has already wowed bloggers who have had an early look. "Joost could make YouTube, Google Video and Apple TV look like 1988," gushes tech-blog UtahSaint...
...other fields, it's not so clear. In a critique of Benkler's work last summer, business writer Nicholas Carr speculated that Web 2.0 media sites like Digg, Flickr and YouTube are able to rely on volunteer contributions simply because a market has yet to emerge to price this "new kind of labor." He and Benkler then entered into what has come to be widely known in Web circles as the "Carr-Benkler wager": a bet on whether, by 2011, such sites will be driven primarily by volunteers or by professionals...
...Flickr deal turned out to be a critical one. Butterfield says he chose to sell to Yahoo! rather than Google because the former was a more disciplined company. "At that time, Google was especially chaotic," says Butterfield. Google bought YouTube, which has generated a mountain of buzz, but Yahoo! has quietly leveraged Flickr, Answers and Del.icio.us, among other recent acquisitions and launches, to get its audience--which includes nearly half of the world's Web users--to spend more time on its network of sites. Yahoo!'s new ad system will capitalize on their presence--and on data it collects...