Yahoo Posts Huge Losses
There are certainly tough times for businesses all around, and the tech industry is clearly not isolated from these harsh economic times. Although many companies have posted losses as of late, and Yahoo has been struggling the last year or so, I was surprised to hear that the tech company posted a Q4 loss of just over 303 million dollars! Although I was started at the enormity of that number, it turns out that’s actually a lot better than many analysts expected the company to do.
How does this effect shareholders? Well, Yahoo shares were down twenty-two cents a piece, a stark contrast to the fifteen cent a share raise they experienced last year at this time. The loss is believed to be largely due to costs relating to the 1500 employees the company recently laid off.
One thing is for sure: New Yahoo CEO Carol Bartz sure has her work cut out for her!
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