Yahoo (YHOO) saw its stock slide to a 13-month low Wednesday as the value of its stake in China e-commerce leader Alibaba Group (BABA) continues to shrink. Yahoo stock was down more than 5% in midday trading in the stock market today, near 34. Yahoo stock is down 34% from a more than 14-year high of 52.62, touched on Nov. 18. Alibaba stock was down 6% midday Wednesday, near 72.50, after the company posted revenue that missed expectations for its
First, the acquisition news. Then, the user complaints. Like announcements of Yahoo’s (YHOO) previous purchases — think Flickr or Tumblr — Friday’s news of the Internet giant’s acquisition of Polyvore by Monday spurred notes of concern from the social shopping site’s users. “I just hope that doesn’t mean ADS EVERYWHERE like tumblr,” said one commenter on Polyvore’s blog post about the merger. Another voiced concerns in the same comment thread,
Yahoo (YHOO) stock dipped Wednesday, the day after the struggling Web portal reported Q2 earnings, gave Q3 revenue guidance that fell short of Wall Street estimates and said that it will continue to face hefty costs to acquire content for its network of websites. Yahoo stock was near 39, down more than 1% in midday trading in the stock market today. Yahoo stock is down 25% from a more than 14-year high of 52.62, touched on Nov. 18, and has fallen