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00:00BE EUTHANIZED AND THAT MARISSA MAYER IS THE MOST OVERPAID CEO IN HISTORY. PROFESSOR GALLO IT -- GALLOWAY JOINS US NOW. YOU LIKE HER? SCOTT: I DON'T KNOW HER. I'M SURE SHE IS A WONDERFUL PERSON -- I JUST THINK THE COMPANY IS A SOAP OPERA THAT HAS GONE ON TOO LONG. IT IS A GREAT ASSET, THE MOST TRAFFICKED WEBSITE IN THE WORLD, SOMEONE SHOULD BE ABLE TO MONETIZE THAT. DIGITAL MARKETING IN THE LAST FOUR YEARS TO $160 BILLION, MARISSA HAS BEEN ABLE TO EXPLODE THE COMPANY FROM $5 BILLION TO $4.9 BILLION. IF YOU TAKE OUT ALIBABA, THE MARKETPLACE IS SAYING YAHOO! HAS NO ENTERPRISE VALUE. IT IS TIME TO SELL IT TO SOMEBODY ELSE. BETTY: TO WHOM? SCOTT: BRAD WAS SAYING AT & T, VERIZON, MICROSOFT. A LOT OF PEOPLE WOULD LIKE TO TAKE THE MOST TRAFFICKED WEBSITE IN THE WORLD AND GIVE IT A RUN. BETTY: EVEN IF THEY DO, I THINK BRETT RAISED A GOOD POINT. WHAT IS YAHOO! EXACTLY? IN YOUR VIEW, IT IS A SEARCH COMPANY? SCOTT: IT IS A CONTENT COMPANY THAT TRIES TO GET REVENUE THROUGH ADVERTISING. THAT IS A BUSINESS MODEL AND STRUCTURAL DECLINE. WHEN YOU HAVE EYEBALLS, YOU SHOULD BE ABLE TO FIGURE OUT HOW TO MONETIZE IT. WITH THE RIGHT LEADERSHIP AND RIGHT TECHNOLOGY, YAHOO! COULD BE THE WORLD'S LARGEST TELEVISION COMPANY. WHEN A LOT OF PEOPLE COME TO YOUR SITE EVERY DAY, THAT IS AN ASSET AND YOU SHOULD BE ABLE TO MONETIZE THAT. BETTY: THEY SHOULD BE ABLE TO DO WHAT YOUTUBE DOES, RIGHT? SCOTT: A LOT OF DIFFERENT WAYS TO GO. THEY HAVE 4% OF THE TOTAL MARKET SHARE OF MOBILE REVENUE. THEY HAVE MISSED THE BOAT. THE TEAM WITH THE BEST PLAYERS WIN HERE IT THEY HAVE BEEN HEMORRHAGING TALENT FOR A LONG TIME. $150 MILLION SEVERANCE PACKAGE, INCREDIBLY GOVERNANCE. SOMEONE SHOULD I REALIZED SOMEBODY COULD WALK OUT AFTER A YEAR WITH $115 MILLION. IT HAS GONE ON TOO LONG. IN MY OPINION, IT SHOULD BE SOLD. BETTY: WHY DO YOU THINK SHE HAS LEFT ALREADY? WHY HASN'T SHE BEEN BOOTED OUT? SCOTT: I HAD A LOT OF TROUBLE THE LAST TIME I WAS ASKED THE QUESTION. EFFECTIVELY, THE COMPANY HAS HAD SO MANY CEOS THAT RATHER THAN REPLACE NEW CEOS, IT WILL GET SOLD. EVERYONE IS ROOTING FOR MS. MAYER. SHE IS COMPELLING, PEOPLE WANT HER TO WIN. THERE IS NO WAY OVER THE COURSE OF THE NEXT 12 MONTHS THAT SHE IS GOING TO BE LET GO FOR OTHER REASONS. I THINK THE COMPANY -- THIS HAS BEEN THE BAD NEWS BEARS COME TO SILICON VALLEY. IT HAS BEEN THE STORY OF ONE BLUNDER AFTER ANOTHER. TO HER CREDIT, SHE MADE BOLD NOSE. THOSE BOLD THE NEWS LOOK LIKE MISTAKES. THE WORST ACQUISITION AND TECHNOLOGY, TUMBLER, PURCHASED OR THE SAME PRICE OF INSTAGRAM, INSTAGRAM WORTH $1.7 BILLION IN 2017, THEY NEVER TALK ABOUT TUMBLER. REVOLVING DOOR, TO CLIMBING REVENUES. THIS NEEDS TO GO. BETTY: LET'S MOVE ON TO ANOTHER COMPANY. AMAZON YOU HAVE NOT BEEN NICE TO, EITHER. I THINK YOU MADE THIS BIG PRESENTATION EARLIER THIS YEAR WHERE YOU SAID AMAZON WAS LOSING VALUE. DO YOU STILL FEEL THAT WAY? SCOTT: I WAS WRONG. I BELIEVE THAT. -- I BLEW THAT. BETTY: I THOUGHT THAT MACY'S AND NORDSTROM WOULD I DO THAT BECAUSE CUSTOMERS WANT A MULTIDIMENSIONAL EXTREMES. SCOTT: THEIR STOCK HAS GONE UP 40%. AMAZON WEB SERVICES LOOK LIKE AN AMAZING COMEDY. THEIR VALUE JUST SURPASSED WALMART. AMAZON IS ON A ROLL. BETTY: DID YOU HAVE TO CALL TO APOLOGIZE? SCOTT: I GOT THAT ONE RUN. AMAZON -- BETTY: LOOK AT WHAT HAPPENED TO WALMART, RIGHT>? SCOTT: IT IS INCREDIBLE. TO THINK THAT AMAZON IS WORTH MORE THAN ONE OR. AMAZON HAS MORE REVENUE THAN WALMART DID IN 1990. IF THEY MAINTAIN THEIR GROWTH TRAJECTORY, THEY COULD BE BIGGER THAN WALMART IN SEVEN OR NINE YEARS. AMAZON CONTINUES TO DENY EVERY -- IF I EVERY SKEPTIC. IF YOU WANT TO GET INVITED TO EVERY RETAIL CONFERENCE, BE CRITICAL OF AMAZON. EVERYONE IS LOOKING FOR REASONS TO HATE AMAZON AND THEY KEEP PROVING ALL OF THE HATERS WRONG. BETTY: YOU ARE A BIG LOVER OF FACEBOOK. YOU SAID IT WAS BIGGER THAN GOD, ALAH, AND CAPITALISM? SCOTT: THE MOST SUCCESSFUL IDEA IN HISTORY. THERE ARE 1.1 BILLION SUBMITTED BY CATHOLICS IN NUMERAL, 1.3 BILLION PEOPLE WITH A RELATIONSHIP WITH FACEBOOK. IT IS THE MOST SUCCESSFUL THING IN THE HISTORY OF MANKIND. BETTY: ARE YOU SAYING IT IS UNDEFEATABLE? SCOTT: EVERYTHING AT SOME POINT GETS DEFEATED. IT HAS INCREDIBLE MOMENTUM. THAT ACQUISITION, INSTAGRAM, THEY STILL ARE. MEMBER THE CRITICISM THEY GOT? IT IS WORTH SOMEWHERE BETWEEN $40 BILLION. THEY STILL ARE. THAT ACQUISITION IS -- 0% OF REVENUE IN MOBILE THREE YEARS AGO, 74% NOW. THEY ARE THE MOST NIMBLE COMPANY IN THE WELL. THEY HAVE REDEFINED TAXONOMY, REDEFINED OUR NEED TO LOVE AND BE LOVED AND HAVE RELATIONSHIPS OF PEOPLE, AND INSTANT SURE THING. THEY ARE IN UNBELIEVABLE COMPANY. BETTY: YOU'RE NOT INVESTED IN IT, RIGHT? 6 SCOTT: I DON'T OWN FACEBOOK. BETTY: THANK YOU -- GOOD TO SEE YOU, SCOTT GALLERY. WE WILL HAVE THE

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