Mark Mahaney Quotations

Yahoo! and Microsoft have reminded investors that search is not a monopoly,

There is a steady migration of recruitment dollars going online, ... Employment figures are trading catalysts but this is a secular growth story, not a cyclical one, so month-to-month employment numbers are less and less relevant.

Major lockups always create turbulence in shares. Usually we see a trade-off going into lockups.

Major lockups always create turbulence in shares, ... Usually we see a trade-off going into lockups.

Sentiment on search has been neutral to negative this quarter. This is a data point that supports the strength in online advertising for the long-term,

Maybe the market wants to pay that, but I wouldn't want to do that,

Now we see a clear long-term deceleration trend.

It all depends on the top line. That is key. The market is more sensitive to revenue.

The apparent lack of operating leverage remains the single biggest issue for Amazon.

Expedia faces some very challenging industry dynamics right now, and we will have to wait and see whether the new team is up to the task,

With small and mid-cap companies, there may be the potential for a takeout, but it's just very hard to get ahead of that. It's a highly speculative way to invest and investors need to be very cautious,

Even though they may be a seasonal trade, I'm not convinced that the holidays are the reason you want to own online commerce stocks.

These are still far and away the best the fundamentals in this sector.

The stock's had a big run. The way to do it on these shares is to wait for the opportunities. I prefer to recommend a stock when the expectations are lower,

The story was higher than expected top-line and bottom-line growth, especially in a quarter that trends toward the lower end of normal seasonality for paid search,

The valuation has always been reasonable on this name. The multiples are materially lower here. There's room for upside.

The valuation has always been reasonable on this name, ... The multiples are materially lower here. There's room for upside.

It's tough to get a read on operating expenses in a quarter. There weren't expectations that there'd be a big sales and marketing increase.

It's very difficult to manage this kind of growth--they hired 800 people last quarter, and when you grow that fast, how do you know that all the people you've hired will be employed as efficiently? Problems inevitably occur when you're ramping up at this rate.

It looks like a very strong beat-and-raise quarter.

That's really impressive, ... This is a core tech long for investors. It's at its all-time high, and it should be.

That's a fairly sizable number. It's conceivable that some of the movement in the stock in September may have been some near-term short covering.

That's a fairly sizable number, ... It's conceivable that some of the movement in the stock in September may have been some near-term short covering.

The biggest thing that hovers over online retailing stocks is offline retail data.

In many respects, you've left fundamentals land and have entered expectations land. Fundamentals can improve and the stock can trade off if expectations aren't met.

Can you get better at finding what people are really looking for, based on either prior search traffic or something about their interests?

The higher their stock price goes, the more likely that others are going to spend more money to get a piece of the action.