&quot;<i>Last March, Ms. Mayer told the staff at an all-hands meeting that the bloodletting was finally over. Shortly thereafter, she changed her mind and demanded more cuts.</i>&quot; Of course there&#x27;s a loss of faith in the CEO.<p>That&#x27;s been a continuing problem with Meyer.  She said Yahoo was getting back into search.  (Yahoo resells Bing; Yahoo hasn&#x27;t had its own search engine since 2008 or so.)  That didn&#x27;t happen.  She said Yahoo was going into video. That was canceled. There were a bunch of acquisitions, many of which just disappeared. Nobody can figure out what Yahoo is really for any more.<p>The company minus Alibaba has negative market value. It&#x27;s that bad.