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Yahoo! after the bell 6/6/06: still sliding downwards with the market

Yahoo! ended the day at $30.70, down another 12 cents on a general market-wide drop for the second straight session with the Dow closing at its worse since March 9th. A rough day for many with sell off happening everywhere. Today's big news for Yahoo!, a redesign of My Web 2.0, wasn't enough to turn things around as it was a revamp already predicted by its CEO.

One wonders if Yahoo! wouldn't get a bit more buzz and bump if they kept things like this hidden until as best they could until the big unwrap in a more Apple-like fashion. For all that My Web 2.0 is actually kind of useful, I haven't seen much in the way of hype from Yahoo! about it how they're pulling all their new web 2.0 properties together.

Yahoo!'s my web 2.0 rolled out

As reported earlier by the Unofficial Yahoo! Weblog, Yahoo! has rolled out a new version of MyWeb -- which it promised to do at its recent analyst meeting.

Billed as MyWeb 2.0 by Yahoo!, it allows you to use your friends and online relationships to help filter searches for you. You can search your friends'  networks for tags, bookmarks, pictures and other social networking type stuff.

Yahoo! is pulling its previous acquisitions, del.ico.us and flickr, closely into this whole new search function. It proves Yahoo! is still riding the web 2.0 wave and is working at trying to tie a lot of these innovations together. This is the kind of smart move a large and experienced tech company can make (but that a smaller, more nimble tech company can't): Acquire cutting-edge technology and make it work seamlessly for your already massive user base.

Slick, very slick.

For screen captures, you can check out Erick Schonfeld's post on Business 2.0 Blog, or just login here to My Web 2.0 with your Yahoo! login to check it out yourself.

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Last updated: March 22, 2010: 08:11 AM

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