Speaking of Tumblr, RBC Capital Markets analyst Mark Mahaney notes that any update on Tumbr could do a lot for Yahoo!, especially as it continues to integrate the platform and its users into Yahoo! "The Tumblr acquisition could do a lot to bring Yahoo! products to a younger demographic, if the company can avoid alienating users while ramping up monetization of that service," Mahaney wrote in a note.
For now, the focus is all about Alibaba, Yahoo! Japan and the continued optimism surrounding those entities. That's good enough for shareholders to give Mayer a pass while she turns core Yahoo! around, however long that may take.
-- Written by Chris Ciaccia in New York>Contact by Email. Follow @Chris_Ciaccia