Today's sponsor is Audible with an unmatched selection of audiobooks, original audio shows, news comedy and more.

Get a free audiobook with a 30-day trial at audible.com slash D-code.

We'd also like to thank Qualcomm for making today's show possible.

First, they connected the phone to the internet, now they're connecting the internet to everything else.

Qualcomm, they're the inventors bringing the future forward faster.

Recode Radio presents Recode Decode, hosted by Cara Swisher, powered by digital media.

Hi, I'm Cara Swisher, executive editor of Recode.

You may know me as the Yangtannix, deck chair supplier, but in my spare time I talk tech

and you're listening to Recode Decode, a podcast about tech and media's key players, big ideas and how they're changing the world we live in.

You can subscribe to Recode Decode at iTunes.com slash Recode Decode, and while you're there, leave us a review.

Today in the red chair is Eric Jackson, managing director of Spring Owl Asset Management.

He previously founded Iron Fire Capital, but is probably best known as the activist investor in Yahoo,

which just sold to Verizon for $4.8 billion.

Time Magazine called him Yahoo's loudest critic, but we'll see about that because really that is my title.

Eric is joining us from his office in Toronto, Eric. Welcome to the show.

Hey Cara, great to be here.

Thank you for coming on. It's a short notice.

I really want to talk about Yahoo because a lot of people are still interested in this deal and you've been one of the people that have been pushing this.

But let's talk a little bit about our history of where we met. We met at a Yahoo annual meeting. If I recall, is that correct?

Yeah, I think it was 2007.

I remember you still had a flip phone at the time.

I did. I did a flip phone interview with you at the time. I'm a flip camera interview.

...