Sign In
SHARE
Flickr Founders Flee Yahoo
Flickr founders Caterina Fake and Stewart Butterfield are leaving Yahoo.
Butterfield -- who submitted an odd Onion-esque resignation letter -- will leave the company in July. Fake's last day was on Friday, according to a Yahoo spokesperson.
"Stewart Butterfield and Caterina Fake have made tremendous contributions to Yahoo! over the years. Caterina Fake's last day with the company was June 13th; Stewart Butterfield's last day will be July 12th. We greatly appreciate all their work and dedication and wish them well in their new endeavors," said a Yahoo spokesperson.
Their resignations come on the heels of a slew of high-profile Yahoo departures in recent months, including Jeff Weiner, Steve Souders, Jeremy Zawodny and Eric Boyd. There's been an equally significant exodus since CEO Jerry Yang took over last year.
While pundits argued Yahoos would leave in droves if Microsoft took over the company, the brain drain certainly hasn't slowed down since Microsoft walked away from its $42 billion offer in May.
Flickr, a photo-sharing site launched in 2004, was acquired by Yahoo for a rumored $35 million in 2005. The founders fervently denied at the time that the deal meant Flickrers would become a "bunch of suits."
"We're going to grow and change, but we're in it for the long haul, with the same management and same team.
You're not going to become a bunch of suits?
No, no, no! The precious DNA we've got -- that of the Ludicrew -- is on side and revving up for building Flickr . . . and keeping us around -- in spite of our wiseassery, tomfoolery and tendency to hoot spontaneously -- is crucial for preserving the Flickrness that is Flickr . . .," Caterina Fake wrote on the Flickr blog.
by Betsy Schiffman for Wired.com
Also on Wired.com:
Darpa Brain Drain Costs Agency $32 Million
Economic Espionage Suspect Sentenced in Plea Deal
AP vs. The Bloggers: A Portentious Sideshow
Loading...
Thank you for registering as a Portfolio.com Insider. Your comment has been added.
Create Your Public Profile
- ACBJ to relaunch Portfolio.com
- May 20 2009 1:44PM EDT
- 44, Day 97: On Golf, Swine Flu, and a "Hallmark Holiday"
- Apr 26 2009 5:39PM EDT
- 44, Day 96: Where's the Suggestion Box?
- Apr 25 2009 2:10PM EDT
- 44, Day 95: Let Them Have Student Loans
- Apr 24 2009 6:49PM EDT
- Stressing Out Over Stress Tests
- Apr 24 2009 2:14PM EDT
- King of the Private Equity Hill
- Apr 24 2009 8:23AM EDT
- 44, Day 94: What's in Obama's Wallet?
- Apr 23 2009 6:39PM EDT
- Madoff Clawback Campaign Targets Ex-Clients
- Apr 23 2009 3:00PM EDT
- Merrill, Muzzle, and the Mob
- Apr 23 2009 1:45PM EDT
- 44, Day 93: Earthly Concerns
- Apr 22 2009 7:14PM EDT
- Stanford Prosecutor Arrested for Assault
- Apr 22 2009 5:47PM EDT
- IMF Downgrades the Global Economy
- Apr 22 2009 2:00PM EDT
- Ackman Opens His Target Slate to Questions
- Apr 22 2009 11:51AM EDT
- Freddie Mac Acting CFO Found Dead
- Apr 22 2009 8:42AM EDT
- 44, Day 92: About Those Interrogations
- Apr 21 2009 5:53PM EDT
Archive
