Ross Levinsohn: Mobile Could Be Huge for Yahoo
Online Producer
Yahoo's mobile business stands to become a huge growth driver for the company, former interim CEO Ross Levinsohn said Wednesday on CNBC.
"Mobile is obviously going to be a tremendous catalyst in the future if Yahoo can get it right — not something Yahoo hasn't been working on," he said on "Fast Money."
"Video is crucial to the future of media, premium video in that respect," he added. "Premium content like CNBC is not replicable very easily, so I believe in things like that."
Levinsohn, who helmed Yahoo from May to July, also praised or his successor, CEO Marissa Mayer, and urged that it would take time for her impact to be fully realized.
| Name | Price | Change | %Change | Volume | ||
|---|---|---|---|---|---|---|
| YHOO | --- |
"First of all, I think you have to give her time to decide what she wants to do. She's been very smart, I think, in being low-key about it and getting to understand the business, understand the people there, the opportunities around the world for that business," he said. "And she hasn't really said exactly what she wants to do."
Written by Bruno J. Navarro, CNBC.com Producer.
Trader disclosure: On Nov. 28, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Stephanie Link is long AAPL; Stephanie Link is long JPM; Stephanie Link is long WFC; Stephanie Link is long SBUX; Stephanie Link is long ION; Pete Najarian is long AAPL; Pete Najarian is long BAC CALLS; Pete Najarian is long JPM CALLS; Pete Najarian is long INTC CALLS; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long MSFT; Jon Najarian is long GLUU; Jon Najarian is long STSI; Jon Najarian is long CME; Jon Najarian is long CBOE; Jon Najarian is short puts in AGQ; Jon Najarian is short puts in SLV; Jon Najarian is short puts in GLD; Jon Najarian is long JNPR; Jon Najarian is long YHOO; Jon Najarian is long COST; Jon Najarian is long KCG; Steve Weiss is long BAC; Steve Weiss is long M; Steve Weiss is long SODA; Steve Weiss is short JCP.
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