Do You Yahoo?

Author:
Updated:
Original:

Poor Yahoo. They could be enjoying piles of cash and Microsoft stock at the moment. Indeed, Microsoft has had a bit of a battering as well, but compared to Yahoo they seem just ducky. Instead, Yahoo is about to, it seems, embark on a series of cost cuts and, well, firings. How long Yahoo shareholders are going to be on Yang's side is anyone's guess (are there any left?), but we won't get any price discovery on that until someone calls a shareholder meeting.
Yahoo to outline cost-cutting plans: source [Reuters]

Related