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The announcements came on the heels of a series of improvements from Yahoo Photos that have helped it leapfrog Webshots as the Internet leader in photo sharing.
The report describes Newsquest as "an internet leader in the UK" with its websites attracting 136.9m monthly page impressions from 22.2m unique users in September.
There are enough previous CEOs who have failed to restore the company's former status as an Internet leader, that if Mayer fails she's lost nothing – and if she succeeds she'll be seen as having achieved a miracle.
I have absolute conviction about Yahoo!'s potential for long-term success as an Internet leader.
The very financiers that make millions building up one internet leader eventually must go on and bankroll its demise.
The 140-person company seems to be working its way towards becoming the European social internet leader.
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But it was galling nonetheless for Americans to be told that they were not officially the Internet leaders.
"Marcie's deep industry knowledge, vast network of relationships and extensive transaction experience with established and emerging internet leaders will add significantly to our strong consumer technology practice led by my co-founder Jonathan Turner," Mr. Quattrone said in a statement.
By the time the dive ended, shares in some of the market's biggest and most important companies, from Internet leaders like Yahoo to corporate titans like General Electric, had fallen 5, 10 or even 15percentt.
At a recent meeting of Chinese Internet leaders in the southern city of Shenzhen, Ding Jian, who heads the Internet company AsiaInfo, proposed that Shenzhen be made a censorship-free zone as an experiment to determine whether China can stomach the chaos of an unfettered Internet.
Today's Internet leaders probably won't go out of business any time soon.
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