As Yahoo brings more resources in its core focus products - search, communications, digital magazines, and video - other products and sevices have to go. The company has announced that it shuttering the Qwiki app for making short films from a user’s camera roll; the Yahoo Education portal for connecting users with education providers and content, and Yahoo Directory.

Yahoo Education will close on September 30, On November 1, Yahoo will shut down the Qwiki app, and the end of 2014 (December 31), the company will retire the Yahoo Directory.

Yahoo has sunset more than 60 products and services during the last two years.

In related news, some Yahoo shareholders want a different direction and vision altogether.

Private hedge fund Starboard Value LP penned an open letter directed at Yahoo's CEO, petitioning for a merger with AOL, among other suggestions.

Starboard investors argued that despite Yahoo's potential boon from its substantial investment in Alibaba, which just experienced the biggest IPO in history, it doesn't mean Yahoo is in the clear whatsoever.

"Although Yahoo's stock price performance over the past few years has been strong, we believe the main reason for this performance has been the significant increase in value of Yahoo's stake in Alibaba. The appreciation in Alibaba's valuation, which Yahoo purchased in 2005, has masked the poor performance of Yahoo's core business. As shown in the table below, since new management was appointed in Q2 2012, revenue in Yahoo's core Search and Display businesses has been stagnant, yet SG&A and R&D expenditures have grown by a staggering $390 million, in turn, causing EBITDA to decline by 19%," Starboard's letter reads.

Starboard posited that a merger with AOL could be worth up to $1 billion in value, strengthening and synergizing both companies' display advertising businesses.

Yahoo late Friday acknowledged receipt of a letter from Starboard Value LP.

"We are committed, as an organization, to acting in the best interests of the Company and all of its shareholders. We have maintained, and will continue to maintain, an open dialogue with all of our shareholders. As part of our regular evaluation of Yahoo's strategic initiatives to drive sustainable shareholder value, we will review Starboard's letter carefully and look forward to discussing it with them," said Yahoo's CEO Marissa Mayer.