Kara Swisher

Recent Posts by Kara Swisher

Yahoo to Shutter Cairo Office to “Streamline Operations” Globally

yahoo-maktoob

Yahoo told employees today that it planned to close its office in Cairo, Egypt, at the end of this year. There are about 40 staffers working there; with the move, there will now be no company presence in Egypt.

Yahoo said it will continue to operate in Amman, Jordan, and Dubai, United Arab Emirates, in the Middle East and Africa region, serving users of its Arabic Maktoob site.

A spokesperson for the Silicon Valley Internet service said: “This decision is part of Yahoo’s global effort to streamline operations, encourage collaboration by bringing more Yahoos together in fewer locations, and build a strong global business that is set up for long-term growth.”

In a related and larger move, Yahoo closed its operations in South Korea at the end of last year, after it had trouble gaining traction in the market.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work