[dm8]

That was a good read. I remember I used Yahoo for searching the web. Due to relevancy factor I moved to Altavista (but it didn't improve anything until the day I found out about Google and still use Google). I didn't know that Inktomi was powering search at that time. If Yahoo was so dependent on Inktomi or Google for its Search, I wonder why didn't they work on Search by themselves. After all they were information organization tool. Why did they ignore such a huge market. VC's were going crazy for funding search engines and number of search engines companies were either getting funded or going public. Based on these signals and the traffic they had during dot com era, they could have easily built substantially good search engine; yet they ignored it. Can anyone shed light on it?

[thrownaway2424]

Yahoo owned Overture so their results were pure pay-for-placement. If anyone wanted to pay $100 per click to have the #1 spot on "beef" go to a site about chicken, that was a-OK with Yahoo management. When Yahoo realized their auction system was stupid, they had "project Panama" which was also a joke and by that time Google had the market to themselves anyway.