Yahoo Finance has long been a top property in its field, beating everything even giants like Google and Microsoft could come up with. Unfortunately for Yahoo, Steve Schultz, the head of Yahoo Finance, found another job this week.
"Unfortunate" isn’t at all the same as "disastrous," of course. Yahoo Finance didn’t rely on daily or monthly updates to stay ahead of the competition, and Schultz isn’t a household name, so the average user shouldn’t even notice the change.
Schultz spent about five years at Yahoo, however, and was also head of the Yahoo Real Estate Business, meaning insiders are almost sure to see repercussions.
Pageonce, Schultz’s new employer, noted in a press release, "During his tenure at Yahoo!, Yahoo! Finance doubled its market share attracting more than 40 million unique visitors according to Comscore. He led its business and content strategy, business development and strategic partnerships which included relationships with Intuit, Fidelity Investments, Dow Jones, ScottTrade, Bankrate and Bloomberg.com."
Furthermore, "With Yahoo! Real Estate, Schultz helped lead the site from the #10 to the #2 real estate destination on the Web, was named one of the 100 most influential leaders in the real estate industry by Inman News in 2009, and architected a strategic partnership with Zillow.com in 2010."
Anyway, at Pageonce, which calls itself a "personal finance assistant," Schultz will act as COO. Hat tip goes to Kara Swisher.