In preparation for a negative earnings report, Yahoo stocks sank almost 3%. Much of the drop, however, did not necessarily come from an expectation that Yahoo would fail to deliver, but rather that it was failing to take steps to further its growth. Recently, Yahoo’s success can be tied to Alibaba, but Yahoo has since had to cut back on its Alibaba investment. CEO Marissa Mayer has since revealed a plan to split Yahoo’s stake in Alibaba into its own company to avoid hefty taxes. Coupled with an earnings report of 0.46, far beating expectations of 0.29, Yahoo has jumped over 5% in the pre-market.
January 28, 2015 – Stock Market News
In preparation for a negative earnings report, Yahoo stocks sank almost 3%. Much of the drop, however, did not necessarily come from an expectation that Yahoo would fail to deliver, but rather that it was failing to take steps to further its growth. Recently, Yahoo’s success can be tied to Alibaba, but Yahoo has since had to cut back on its Alibaba investment. CEO Marissa Mayer has since revealed a plan to split Yahoo’s stake in Alibaba into its own company to avoid hefty taxes. Coupled with an earnings report of 0.46, far beating expectations of 0.29, Yahoo has jumped over 5% in the pre-market.
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