Yahoo revenue down 13 percent in Q4, CEO says better execution needed

Yahoo’s revenue dropped 13 percent compared to the same period last year, the company reported today. In its quarterly earnings’ announcement Tuesday, Yahoo reported $1,324 million in GAAP revenue for the fourth quarter of 2011, while costs increased by 10 percent. Excluding traffic acquisition costs from Yahoo’s partnership with Microsoft and others, the company brought in $1,169 million — down just three percent compared to last year.

YouTube Instant creator accepts YouTube job, will continue at Stanford

The past few weeks have been good to Stanford student Feross Aboukhadijeh (pictured right with YouTube CEO Chad Hurley), who created the YouTube Instant site earlier this month and was then famously offered a job at YouTube. Aboukhadijeh announced on his blog today that he will accept the YouTube job offer while continuing his studies at Stanford, and he also revealed some interesting statistics and new features for his site.

Bing bets big on entertainment: Adds music streams, games, TV shows, and movies

Bing is on a roll with updates for the summer. Yesterday, we reported on the search engine’s revamped iPhone app, and last night it unveiled its new entertainment section. The new portion of the site offers music lyrics and streaming, a collection of online games, a detailed list of TV episodes available to watch on the web, and improved movie-going resources.

OneRiot lets you search for Spock in realtime

Social search — the ability to find what people are tweeting on Twitter or sharing on Facebook — is heating up. Last week Scoopler began offering near-realtime search of Web content shared by users on Twitter, Flickr, Digg, del.icio.us, and other social networks. Today, San Francisco-based OneRiot went live with its own high-speed search of the content being shared on social networks.