Yahoo! co-founder and board-member Jerry Yang has resigned from the board and all other positions (all other positions?) just two weeks after the announcement by Yahoo! to change their leadership.
Yahoo! has been in trouble for a while now; stagnant, old and irrelevant. With no real direction, little (read: none) innovation and competitors who are doing nothing short of leaving them in the dust, Yahoo! has been fighting an uphill battle.
New leadership might bring about a course change for Yahoo! though, so we’ll wait and see what happens to everybody’s favorite search engine of the 90′s.
Read the full Bloomberg article here.