In an attempt to revamp the yahoo and to come at the level of google, yahoo has improved the features. But the thing is they, do things pretty late which takes away the market from them. Had they taken initiative before google, they could have been a leading web portal in the world and richest company too, and their share prices in 100's of $ like Google's 342$ per share, in place of current value of around 12$. But one thing they are still top on, that's the web cam feature in there messenger. Google probably still struggling to get it done.
But thing I like about Yahoo, they do learn from mistake and they never take back step whatever may be the condition is.
Declining Microsoft hostile bid, in spite of crisis running in the company need a hell lot of courage. People may say the aftermath of declining the offer was devastating for yahoo, but the same rule hit hard Microsoft too. And MS attempt to topple the board of directors gone in vein due to strong hold of Yang and Filo.
And improving on features, on mail, messenger, personal after taking lesson from GOOGLE success is another learning.
Hope yahoo will achieve its lost glory again. :-)