Marissa Mayer and Firefox: can the marriage last? Photo of Marissa Mayer by Fortune Global Forum on Flickr.
Who stands to lose if Yahoo is sold — besides of course Marissa Mayer, who will probably lose her job along with a fair number of Yahoo staff? The surprising, and unobvious, answer is Mozilla and the Firefox browser.
That’s because Mozilla is highly dependent on a five-year contract with Yahoo, signed in December 2014, where it receives about $375m per year to make Yahoo the default search provider in the Firefox browser on the desktop. From 2004 to 2014, that contract was exclusively with Google; now it’s Yahoo in the US, Google in Europe, Yandex in Russia and Baidu in China.
How much is $375m per year compared to Mozilla’s spending? Most of it. Mozilla’s audited financials offer some useful details. They’re not as timely as a public company’s numbers; the most recent date to the end of 2014.
Mozilla’s numbers
In 2013, the Mozilla foundation recorded “royalties” (mainly, search income) of $306.1m out of total revenues of $314.1m; in 2014, 323.3m of $329.6m. Search income is about 97% of Mozilla’s total income.
It’s also clear Yahoo is paying Mozilla more than it got from Google. Marissa Mayer was reportedly so keen to secure the business, she made a preemptive bid that turned out to be far too high for the reality of a world where Firefox’s share on the desktop was falling and its position on mobile is minimal.
The question is, with Yahoo on the block, would a buyer of Yahoo want to continue with the Mozilla contract? It is a big drag on Yahoo’s spending. According to Yahoo’s financials, its Traffic Acquisition Costs (TAC) – the money it pays other companies to bring traffic to it – have rocketed.
Clearly, it’s spending a lot more both for display ads and for search. TAC can be a good thing: you pay a third-party site to bring people to you and then you make a profit by selling those people products or showing them ads.
Yahoo’s search TAC, in particular, has rocketed from a low of 0.7m in the first quarter of 2014 to $141m in the fourth quarter of 2015, just over a year after signing the deal with Mozilla.
That’s not all going to Mozilla. But digging into Yahoo’s financial statements, we can find out precisely how much it is paying.
In its annual report for 2015, Yahoo says: “Of the $350m increase in revenue and $660m increase in TAC for the year ended December 31, 2015, $394m and $375m were attributable to the agreement we entered into in November 2014 to compensate Mozilla for making us the default search provider on certain of Mozilla’s products in the United States (the “Mozilla Agreement”).”
(You might wonder: why is the increase in overall revenue smaller than the increase from Mozilla? It’s because Yahoo’s overall revenues fell.)
So Yahoo is paying $375m annually to Mozilla just to be the default search engine in Firefox on the desktop in the US. And it’s going to keep on paying. In the 3Q 15 report, it said: “The Company is obligated to make payments, which represent TAC, to its Affiliates. As of September 30, 2015, these commitments totaled $1,682 million, of which $100m will be payable in the [fourth quarter] of 2015, $401m will be payable in 2016, $400m will be payable in 2017, $375m will be payable in 2018, $375m will be payable in 2019, and $31 million will be payable thereafter.”
Given that $375m went to Mozilla in 2015, it seems likely the large part of those future sums are also bound for Mozilla.
But a future buyer might not want to stick with Mozilla because Yahoo’s TAC is beginning to get out of whack.
For comparison, Google’s TAC used to be between 23% and 25% of its ad and total revenues; more recently – since the end of the Mozilla contract – that has fallen below 20%.
As a proportion of search revenue, Yahoo’s search TAC has gone from a low of almost 1% of search revenue, to 27% in the fourth quarter of 2015. That’s bigger than Google’s TAC proportion. Yahoo’s problem is it doesn’t have the monopoly Google does and doesn’t monetise its advertising as well as Google. Google’s AdWords are a high-margin ad business. Yahoo offers display ads, which are a commodity.
The end of the search affair
So a Yahoo buyer would be very likely to look for a way to get out of the five-year Mozilla contract. How would that affect Mozilla?
Quite hard.
Mozilla’s expenses in 2013 were, mainly, $197.5m on “software development” (out of total costs of $295.4m); in 2014, that was $212.8m (of a total of $317.8m). “Software development” swallowed up about 65% of the royalty income in 2013; the same in 2014.
As Mozilla acknowledges, those “royalties” are payments from “various search engine and information providers”. What happens if one of those sources dries up?
Mozilla knows it’s at risk here. Under the “Concentrations of Risk” subheading, there’s this:
Mozilla entered into a contract with a search engine provider for royalties which expired in November 2014. In December 2014, Mozilla entered into a contract with another search engine provider for royalties which expires December 2019.
Approximately 90% of Mozilla’s royalty revenues were derived from these contracts for 2014 and 2013 with receivables from these contracts representing approximately 77% and 66% of the December 31, 2014 and 2013 outstanding receivables, respectively.
Yahoo, as we can see, is paying about $400m per year just for US search. How much did Google pay? In 2011, when it re-signed for three years, the estimate was that Google was paying just over $100m per year – for a worldwide deal. It seems likely the real figure was higher. But Mozilla relied on it. And the Yahoo money is even more needed as Mozilla tries to recover from the dead-end of Firefox OS on mobile.
Pulling the plug
Basically, if a new Yahoo owner pulls the plug on the search deal, Mozilla will have to seek a new contract in the US. But who’s going to be willing to step up? Microsoft, probably; but the price that Mozilla will be able to demand will be much lower than it got from Yahoo. Unless, of course, Google decides to step back in and push the bidding up. But its actions around the last auction suggest it wouldn’t be interested; Chrome is too dominant, and Firefox is dwindling.
So the next few weeks aren’t going to be tense just for Yahoo. There’s a whole team of software engineers working on Firefox and other products who will have to wonder about their future if Yahoo has a new owner.
This makes me wonder whether part of Firefox’s popularity was from various promotions by Google and its many acolytes. Seems that with a mature Chrome browser firmly under its control, the benefits of choice and independence are rather less.
Clearly Firefox users ARE still valuable, so somebody else might step up to buy the search traffic. But with numbers trending down from what was expected when Yahoo! inked the deal, the eventual value of an indie browser seems to be headed towards zero.
Firefox certainly benefited, in its early days, from the fact that it was Not Internet Explorer. Sysadmins setting up new systems in businesses would download it for the whole office and make it the default because it was safer and more standards-compliant than IE. (Unless of course the company depended on ActiveX, in which case it had other problems.) For a while, the release of a new Firefox version was a sort of web event, measured by the millions of downloads.
The arrival of Chrome stopped that. Chrome’s transition into a CPU-chewing product took a while, but it is the only browser that has been advertised on Google’s front page. (That’s quite valuable ad real estate.)
Browsers have long been free; there still seems to be room for some ways to be different (eg Brave with adblocking). But where Mozilla will find its revenues if the Yahoo contract is killed – that’s hard to answer.
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Very interesting look at the numbers, thank you. The thing that stands out for me is the 200m USD per year spent for software development. That’s a lot of money for a browser. Although modern browsers are extremely complex, I wonder whether a large portion of that money was actually spent on failed projects like Firefox OS.
I wonder if one of Firefox’s largest problems was actually having too much money, spending too much on doomed projects, and generally becoming a bloated, slow moving company. They seemed to have invested in either products that were past their peak (email for example), or in projects that were too late.
Not having money might actually be good for them.
interesting poison pill. A pre launch a poison pill ahead of a possibl hostile take over. Like what happened to RJ Only problem Yahoo is not RJ Reynolds with so many Division Now here a kicker. If Yahoo was the one to buy out Microsoft.
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Sitemize hoşgeldiniz hoşgeldiniz, Muğla Marmaris ilçesi sınırlarında çekici oto kurtarma hizmetleri Enyakin.com da. Marmaris kurtarıcı ve yol yardım icap ettiğinde doğru sitedesiniz.Kaza gibi durumlarda çekici hizmetimizden faydalanabilirsiniz. En Yakın güvenilir oto çekici işletmelerini sizlerle buluşturuyor. Türkiye’nin her yerinde kurtarıcıdan çekiciye sizlerleyiz.Marmaris oto kurtarıcı, Marmaris çekici, Marmaris oto kurtarma, Marmaris kurtarıcı, Marmaris araba çekici, Marmaris araç çekici, Marmaris oto çekiciSorunsuz bir yardım alabilmek için ülkenin her yerinde olduğu gibi Marmaris bölgesinde bizler sizlere yardıma daima hazırız. Marmaris’de aracınız çalışmadığında en yakın çekici telefonunu nereden bulurum diye dert etmeyin, Marmaris’de oto kurtarıcı bulmak En Yakın ile çok hesaplı.Endişe etmeyin, aradığınız güvenilir çekici oto kurtarma firması En Yakın ile parmaklarınızın ucunda. Firmaların yıldızlarını karşılaştırın size en yakın güvenilir çekicilerden yardım alın.Çekici kurtarıcı ücretleri ekonominizi yakmasın, ekonomik fiyatlarla çekici talep etmenin doğru yeri Enyakın. En ekonomik ücret politikasına sahip oto çekici firmalarımız hizmetinize 7/24 hazır. Sizde Marmaris bölgesindeki firmalarımızı gönül rahatlığıyla arayabilir, kişilerden çekici kurtarıcı fiyat teklifi alabilirsiniz. İsterseniz işletmelerimize özel tahsis edilen numaralardan direk iletişim kurabilir, isterseniz de 7/24 hizmet hizmet müşteri temsilcilerimizden yardım alabilirsiniz. Hemen fiyat alma düğmesi ile oto kurtarıcı işletmelerini siz aramadan onlardan arama alarak en güvenilir uygun fiyatları değerlendirebilirsiniz.
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Yiyecekleri korumak ve paradan tasarruf etmek için bir kurutucu kullanmayı düşünüyor musunuz? Kurutucular, yiyeceklerin daha uzun süre dayanmasını sağlamak için harikadır. Raf ömründen elde edilen tasarruf, bu makineyi çalıştırma maliyetiyle bile aşıyor muYiyecekleri korumak ve paradan tasarruf etmek için bir kurutucu kullanmayı düşünüyor musunuz? Kurutucular, yiyeceklerin daha uzun süre dayanmasını sağlamak için harikadır. Raf ömründen elde edilen tasarruf, bu makineyi çalıştırma maliyetiyle bile aşıyor mu?
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Küçük mutfak aletleri, pratik kullanım fonksiyonları ile size zaman kazandırır. En sık tercih edilen ürünler arasında yer alan meyve sıkacağı, kolay kullanım işlevleriyle lezzetli ve sağlıklı içecekler hazırlamanıza yardımcı olur. Ayrıca, güçlü bağışıklık sistemi için gereken vitamin ve mineral değerlerini düzenli olarak almanızı sağlar. Meyve sıkacağı çeşitleri ile hem kendiniz hem de sevdikleriniz için vitamin değeri yüksek ve sağlıklı içecekler hazırlayabilirsiniz. Birbirinden farklı fonksiyonlara sahip olan birçok meyve sıkacakları ÇiçekSepeti’nde sizleri bekliyor.
Portakal, mandalina, limon ve greyfurt gibi meyveler için özel olan narenciye meyve sıkacağı hem elektrikli hem de manuel seçenekler sunar. Elektriksiz çalışan manuel meyve sıkacakları, günün herhangi bir saatinde bir porsiyon içecek hazırlamanıza yardımcı olur. Sıkma aparatı bulunan ürünler, süzgeci ile çekirdeği içeceğinizden ayırır. Masaüstü manuel narenciye sıkacağı ise alternatiflerinden farklı olarak meyveyi preslemek için çekmeniz gereken bir kolla çalışır. Tek seferde yüksek basınç uygulayarak meyvenin suyunun tamamen çıkmasını sağlar.Elektrikli narenciye sıkacakları, alternatiflerinden farklı olarak işlevini sizin yerinize tamamlar. Zaman ve emekten tasarruf etmenize katkı sunar. Maksimum güç için motor gücüyle çalışan sıkma aparatı hızla dönerek meyvenizden geriye sadece posa ve kabuk kalmasını sağlar. Kullanımı, son derece kolay ve hızlıdır. Narenciye sıkacağı çeşitlerinden birini kullanarak kahvaltılarınız için C vitamini deposu olan portakal suyunu hızlıca hazırlayabilirsiniz.Katı meyve sıkacağı çeşitleri, yiyecek haznesinden eklediğiniz meyve ve sebzeleri parçalayarak keskin bir elekten geçirir. Meyvenin suyunu ve posasını tamamen ayırır. Ürünlerin ön kısmında meyvenin suyunun aktığı bir musluk yer alır. Birçok meyve sıkacağı, geniş yiyecek haznesiyle çalışır. Geniş hazne, meyve ve sebzelerinizi küçültmeden makineye aktarmanıza yardımcı olur. Ürünlerin her biri kaydırmaz tabanıyla kolaylık sağlar. Bu sayede makine, devrilmeye karşı direnç gösterir. Dik yapıları sayesinde meyve sıkacağı çeşitlerinin tamamı tezgâhınızın üzerinde çok az yer kaplar. Ürünün içine meyve ve sebzenin yanı sıra yeşil yapraklı bitkileri de aktarabilirsiniz. Meyve sıkacağı, suyundan ayrılan posayı, posa haznesinin içine biriktirir. Meyve sularınızdan artan posa hem sindirim sistemi için oldukça sağlıklıdır hem de meyvenin vitamin ve minerallerinden bir kısmını taşır. Ayrıca, meyvenin özünden gelen lezzeti korur. Meyve suyunu hazırladıktan sonra kalan posayı çorba, sos, kek ve kurabiyelerinizde kullanabilirsiniz. Meyve sıkacağı fiyatları, elektronik özelliklerine ve fonksiyonlarına göre farklılık gösterir.
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Araçlara hasar vermeden, gerek kazalı araçlarınızı, gerek sel su baskınında, her türlü hasar almış araçlarda nakliyeyi taşımayı itinayla yapıyoruz. Taşıma esnasında oluşabilecek her türlü hasar için sigorta vardır. Ege bölgesinde her yere nakliye yapıyoruz. Ayrıca anlaşmalı olduğumuz taksiciler ile sizlere transfer hizmeti sağlıyoruz. İzmir, Ula, Ortaca, Köyceğiz, Datça, Antalya, Muğla, Dalaman, Fethiye, Milas, Aydın, Turunç, Denizli başta olmak üzere bir çok il ve ilçede aktif olarak hizmetteyiz.
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Triger Kayışı nedir. Triger kayışı, araçlarda krank mili ile eksantrik mili arasındaki hareket iletimini sağlar. Triger kayışını iki mil arasında doğru hizada geren ise gergi bilyesidir. Kayış sistemini tamamlayan son parça da devridaim pompasıdır. Motorun güvenliği ve performansı için önemli bir parça olan kayış, kopması hâlinde ciddi sorunlara neden olabilir. Motor soğutma sıvısının sistem içinde ilerlemesini sağlayan triger kayışıdır. Devridaim pompası, gücünü kayıştan alır. Triger kayışının ömrü, kullanım süresine, kullanılan mesafeye ve son kullanım tarihine göre değişiklik gösterir. Belli aralıklarla kayışın kontrolü şarttır. Markaya ve modele göre araçların triger kayışının kullanım süresi farklılık gösterse de kayışların ömrü ortalama 3 senedir. Süre dolduğunda hasarsız dahi olsa kayış değiştirilmelidir. Değişiklik işlemi, uzmanlarca yapılır. Bir kayışın ortalama ömrü, 90.000 ile 100.000 kilometrede arasındadır. Triger kayışları; kauçuk, çelik, tel, kumaş malzemeden üretilen bir parçadır. Kompozit yapıda kevlar, aramid ve karbon fiber malzemeler de yer alabilir. Özel parça, kaymayı önleyen özelliği ile dayanıklılık vadeder. Triger kayışı yerine triger zinciri de kullanılabilir; ancak pek tercih edilmez. Zincirde uzun mesafede aşınma olabilir Zincir, zamanla uzayabileceği için motor sesine ek bir gürültüye sebep olabilir. Zinciri uzun süre gergin tutmak, raylara ve dişlilere de zarar verebilir. Yıpranma oluşabilir. Triger kayışının kopması, motorun da ciddi zararlar görmesi anlamına gelir. Motor iflas edebilir. Supap zamanlamasının bozulması, açık kalması, pistonlara çarpması, sipopların eğilmesi, tüm parçaların zorlanması ve gürültü oluşması, bu sorunun sonucudur. Kayış koptuğunda yapılabilecek en doğru hamle, aracı kenara çekip uzman yardımı almaktır. Kaputu açıp motora bakıldığında kayışın durumu görülebilir. Motordan ses gelmesi, egzozdan siyah duman çıkması da triger kayışında bir sorun olduğunun işareti olabilir.
Triger Kayışı nedir. Triger kayışı, araçlarda krank mili ile eksantrik mili arasındaki hareket iletimini sağlar. Triger kayışını iki mil arasında doğru hizada geren ise gergi bilyesidir. Kayış sistemini tamamlayan son parça da devridaim pompasıdır. Motorun güvenliği ve performansı için önemli bir parça olan kayış, kopması hâlinde ciddi sorunlara neden olabilir. Motor soğutma sıvısının sistem içinde ilerlemesini sağlayan triger kayışıdır. Devridaim pompası, gücünü kayıştan alır. Triger kayışının ömrü, kullanım süresine, kullanılan mesafeye ve son kullanım tarihine göre değişiklik gösterir. Belli aralıklarla kayışın kontrolü şarttır. Markaya ve modele göre araçların triger kayışının kullanım süresi farklılık gösterse de kayışların ömrü ortalama 3 senedir. Süre dolduğunda hasarsız dahi olsa kayış değiştirilmelidir. Değişiklik işlemi, uzmanlarca yapılır. Bir kayışın ortalama ömrü, 90.000 ile 100.000 kilometrede arasındadır. Triger kayışları; kauçuk, çelik, tel, kumaş malzemeden üretilen bir parçadır. Kompozit yapıda kevlar, aramid ve karbon fiber malzemeler de yer alabilir. Özel parça, kaymayı önleyen özelliği ile dayanıklılık vadeder. Triger kayışı yerine triger zinciri de kullanılabilir; ancak pek tercih edilmez. Zincirde uzun mesafede aşınma olabilir Zincir, zamanla uzayabileceği için motor sesine ek bir gürültüye sebep olabilir. Zinciri uzun süre gergin tutmak, raylara ve dişlilere de zarar verebilir. Yıpranma oluşabilir. Triger kayışının kopması, motorun da ciddi zararlar görmesi anlamına gelir. Motor iflas edebilir. Supap zamanlamasının bozulması, açık kalması, pistonlara çarpması, sipopların eğilmesi, tüm parçaların zorlanması ve gürültü oluşması, bu sorunun sonucudur. Kayış koptuğunda yapılabilecek en doğru hamle, aracı kenara çekip uzman yardımı almaktır. Kaputu açıp motora bakıldığında kayışın durumu görülebilir. Motordan ses gelmesi, egzozdan siyah duman çıkması da triger kayışında bir sorun olduğunun işareti olabilir.
Datça oto çekici kurtarma olarak tüm Datça bölgesinde hizmetini profesyonelce veriyoruz. Oto Çekici ve Oto kurtarma Datça firmamız hızlı ve en iyi şartlarda çekici hizmeti veriyor. Ayrıca hangi tür yolda kalma olursa bizlere bildirebilir ve destek alın. Bölgenin en iyi ve donanımlı ekipmanları ile profesyonel hizmet ile sadece talihsiz yolcularımızı memnun etmek ve onları mutlu etmenin onlara yardımcı olmayı amaçlamaktadır. Ekibimiz yolda kalan ya da aracı arıza yapmış tüm dostlarımızın imdadına yetişir. Yolculuk sırasında başınıza talihsizlikler gelebilir. İşte bu talihsizlikleri önleyemesek de daha sonrası için tecrübeli ekibimiz sizin için size bir telefon kadar uzaktayız. Önemli olan doğru Datça araç çekici firmasını aramaktır. Datça oto çekici olarak; arızalanmış, bozulmuş, aküsü bitmiş, yakıtı bitmiş ve hatta yeni alınan araçlara da ekiplerimizden yakın olanı ile çekici hizmeti vermekteyiz.Datça Yol yardım ve Datça Oto çekici firmasıdır bizi arayarak Datça’nın neresinde olursanız olun 7 gün 24 saat açık olan telefonumuza ulaşabilirsiniz. Tam donanımlı ekipmanlarımız ve deneyimli ekibimizle haftanın her günü 24 saat müşterilerimizin hizmetinizdeyiz.
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Eksantrik Yatak almak çok kolay ve çok hızlı. Kaçıramayacağınız en uygun fırsatları bulabileceğiniz inanılmaz liste burada. Şimdi, listedeki ürünlere ve profesyonel yorumlara göz atarak rahat bir alışveriş yapın. Quigg, tanınmış indirimci Aldi’nin ticari markasıdır. Quigg ayrıca Aldi’de muhteşem fiyatlarla her zaman çok övgü alan bir teknoloji olduğuna inanıyor ve şimdi çok yayıldı. Çünkü ev aletleri ile ilgili her şey üreticiden geliyor ve Aldi şubelerinde Almanya’da ve şimdi de Fransa gibi ötesinde sunuluyor. Quigg ekmek kızartma makineleri, el elektrikli süpürgeleri ve aynı zamanda eksantrik yatak üretir. Quigg, bir şirket değil, sadece Aldi tarafından işletilen bir markadır. İnşaatta diğer üreticilerle aynı olan ve onlar tarafından üretilen cihazlar genellikle sadece diğer adla ve biraz değiştirilmiş bir tasarımla piyasaya çıkar. Aldi’den satın alma miktarları nedeniyle, indirimci bu cihazları çok iyi bir fiyata sunabilir. Teknoloji buna bağlı olarak olgun ve yenilikçi ve işleme yüksek kalitededir. Fonksiyonlar: eksantrik yatak bugün çeşitli işlevleri vardır. Mikrodalga testi kazananı durumunda, bu işlevler bir yandan belirtilmeli ve diğer yandan test uzmanları tarafından ayrıntılı olarak incelenmelidir.
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