Scalper1 News
Yahoo (YHOO) has ridden its big stake in Alibaba Group for years, but now it must show improvement in its core online ad sales, analysts say. Yahoo was up 2% in early afternoon trading in the stock market today, near 49, after the company cheered investors late Tuesday by announcing plans for a tax-free spinoff of its 15.4% stake in Alibaba (BABA). Still, revenue and earnings fell as the Web portal seeks to gain traction in online ad sales against Scalper1 News
Scalper1 News