Email has been made obsolete by text messages and Facebook, said new Yahoo (YHOO) CEO Scott...

|By:, SA News Editor

Email has been made obsolete by text messages and Facebook, said new Yahoo (YHOO) CEO Scott Thompson in 2009. "This matters because Yahoo's business is largely based on email," writes Jay Yarow. "It still pulls in hundreds of millions of people to Yahoo Mail and then sends them to its various other properties." (previous)