Alphabet (Nasdaq:GOOGL) reported strong earnings and the stock hit a new high on the way to becoming the most valuable publicly traded company in the world. The Robin to their Batman, Yahoo (Nasdaq:YHOO) reported earnings today after the close.
Yahoo Q4 EPS $0.13 Adj. vs. $0.13 Est.; Q4 Revs. $1.27B vs. $1.19B Est. • $YHOO.
The stock is down 2.3% in after hours trading. The company is going to layoff employees. Fortune reported,
Yahoo confirmed that it will “simplify” about 15% of its current workforce out of the company, closing 5 offices and shedding a total of about 1,700 employees. About 9,000 would be left, or about 40% fewer than it had in 2012.
The whole Fortune article is worth the read if you are long or short Yahoo.
Time to give Marisa Mayer her severance package. She’s running Yahoo straight into the ground.
I think Jeff Bezos will eventually take a close look at Yahoo. I think he would do a better job of adding value to this company than Marissa Mayer IMHO. Potential synergies for the two companies.
Yahoo should take a cue from Google – get involved in so many things.