Yahoo is planning in the future to make his website more social, and create some sort of social networking to compete with websites like Myspace and Facebook. It is also planning to revitalize their advertising business to be able to compete with Google . In an article in the new york times entitled Trying to Fine-Tune Yahoo, they talk about Yahoo's plan to stay succesful with its competetors.

I don't think that Yahoo is going to be able to gain much in their plan. I just don't think that yahoo will be able to match up against all the very successful websites. Companies like Google and Facebook are much more used than Yahoo, and im not sure that Yahoo can take the users of the other websites and get them to use theirs.

Another reason that i dont believe that Yahoo's plan will work is that not alot of people have faith in the co-founder who is now heading the company, Jerry Yang. A quote from the article i mentioned earlier:"Analysts have been waiting for changes at Yahoo, and they have questioned whether Mr. Yang can lead Yahoo’s transformation quickly enough before competitors gain more ground and before investors become restless." If their is any doubt about the head of a company, it usually spells disaster.