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Yahoo sold its job website HotJobs to Monster

by JC, published: 2010-02-03 19:02 viewed: 113 times
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Yahoo just sold HotJobs to Monter for half the price it bought it before. When Yahoo bought HotJobs couple years ago, they had to outbid Monster.com in order to buy HotJobs.com.

When Yahoo bought HotJobs, the culture of the jobs search engine wasn't fit well with Yahoo's culture, so, a lto of HotJobs executives left HotJobs after the acquisition.

Given the US economy still in water, job sites or job search engines are not making good money right now. Monster.com for example, its profit plunged 85% last year!

It is yet to be seen when Yahoo could finally find itself as an online portal, as it looks like they are selling everything away.
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