In the past year, the company has effectively cemented the road map to get out of the search game by completing a partnership deal with Microsoft. It has integrated with Facebook Connect and added Twitter to search results. It also launched a new branding campaign and brought in entertainment talent to create original programming for Yahoo's web sites.
In the cost-cutting department Yahoo has trimmed the staff, shuttered GeoCities and offloaded Zimbra to VMware. It even closed the Yahoo offices for the holidays, leaving only critical staff on duty, in an effort to shave expenses.
Still, with both Yahoo and Bing losing ground to Google, and revenue still declining, the company still has work to do to manifest a turnaround. On the other hand, profits exceeded analyst expectations in the latter half of 2009 (in large part thanks to the cost-cutting measures), leading some to speculate Yahoo's big picture has begun to stabilize.