Its breaking news guys... Read more here.. http://www.msnbc.msn.com/id/27775703/ I guess they should have made the deal with msn..
Shareholders have every reason to be upset. Their investment is worth just a fraction of what it was when Microsoft was trying to buy Yahoo. But the same can also be said of many other sectors. Maybe a new CEO will bring a renewed effort to build on Yahoo's foundation. Hopefully such an approach will focus on providing the tools and resources Webmasters want...
It's not surprising he is stepping down. He killed the chance to sell yahoo at $33 a share and make everyone lots of money, and kept saying he knew where the company was going. And now their stock has tanked. If I was a shareholder, I would want him gone, that's for sure.
Microsoft deal is good for shareholders but it will not bring Yahoo further. If you take a look at Microsoft's quarterly earning reports, you will notice that their online business is the worst dept.
But they will still be in business in 6 mo. Yahoo is starting to circle the drain. They are going to be bought by someone, now for less money.