Stocks: (YHOO)(RTRSY)
Recent research shows that Yahoo! has a healthy lead over other internet companies like AOL and Google in terms of wireless device usage. There is some chance that this could help offset Google’s huge lead on the PC, especially in search.
But, there is point at which trying to extend a brand onto a new platform may become absurd, and Yahoo! may be there. The company said that in a joint venture with Reuters, it would encourage cell phone users with cameras to submit photos for Yahoo! News and the Reuters service. These may be distributed user-created photos of news events to media outlets across the world.
User created content is all the rage as is wireless based camera and video technology. There could be some merit to the plan, but it is fair to assume that millions of photos may be submitted and that almost none of them will be useful for a news agency and a new aggregator.
Keep the full-time photographers and stingers. The crazy folks with the cell cameras can’t get it done.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
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