Yahoo Closes At $13.76. What A Train Wreck.
I guess the upside is that a stock can’t fall below zero, so there’s an end in sight to the ongoing destruction of jobs and shareholder wealth at Yahoo. The stock closed at $13.76 today, down another 5.6%. And this isn’t just part of the market’s overall meltdown –
At this point I’ve moved beyond wondering how Yahoo’s senior management manages to keep themselves in power. The private equity funds who agreed to let Yang and Decker stay in power after the shareholder vote last summer have some real explaining to do to their investors, too.
Original article: Yahoo Closes At $13.76. What A Train Wreck From techcrunch
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