Yahoo feels like a nation that won its independence only to see all its leaders immediately flee the country. The latest emigrants: Flickr cofounders Caterina Fake and Stewart Butterfield. Their departure is unlikely to stall Flickr, but it gives a terrible impression of Yahoo as a company in further disarray.
TechCrunch broke the news of the departures. Valleywag has Butterfield’s resignation letter, where he alludes to Yahoo being a company that had expanded beyond its core "tin" production to the degree he felt "my ability to contribute has dwindled to near-nothing." Aside from Yahoo’s woes, the departures might also be due to the co-founders coming to the end of a deal with Yahoo, as Thomas Hawk speculates.
It’s difficult to know how seriously Butterfield means what he says in the letter. If it’s really that Yahoo has expanded too much — well, Flickr was one of those expansions. A good one, of course — and one Yahoo backed to the degree of shutting down Yahoo Photos last year.
Yahoo Loses Jeff Weiner But Probably Won’t Replace Him from us covers the departure of high-profile search czar Jeffrey Weiner last week. Our Yahoo Employees archives detail many other departures.