Yahoo
Inc. is an American multinational Internet corporation, which is known globally
for a host of services that it provides its customers world over. Some of these
services include its renowned Web Portal, search engine Yahoo search, Yahoo
Directory, Yahoo Mail, Yahoo News, Yahoo answers, advertising and the like.
Yahoo was founded in 1994 and incorporated in March, 1995. During July 2013,
Yahoo is said to have surpassed Google on the number of United States visitors
to its websites for the first time since May 2011. Back in 1998 Yahoo was the
most popular website for new internet users and in the dot-com bubble YHOO Stock Quote reached an all time
high of $118.75 a share on 3rd January 2003. After the bubble burst,
this dipped to $8.11 per share in September 2011.
The
YHOO Stock Price Today was $33.33
which is a little on the lower side. Shareholders of Yahoo need to be on the
lookout for YHOO stocks constantly to
prevent any potential losses. While Yahoo shares rose in their prices initially
when new CEO Marissa Mayer came into power, but in the financial year 2014
there have been no substantial increases.
In
light of recent news, Yahoo has bought a messaging app called Blink. This
particular messaging app is a rival of Snap chat and is in line with Yahoo’s
policy of acqui-hiring. Blink is very similar to snap chat as it causes a
message to self-destruct in the receiver’s mobile device after a set amount of
time. The policy of acqui-hiring that Yahoo has recently started to follow
involves acquiring small recently set up start-ups for their talent and then
using that to further Yahoo’s own product portfolio. Last year only, Yahoo
acquired a news aggregator app called Summly, however this app shut down and
the 17 year old creator of the app was employed by Yahoo. Hence this might
actually denote a negative trend for innovative techno start-ups. Perhaps a
reason for Yahoo undertaking this policy of “acqui-hiring” is because Yahoo
lost its dominance to Google in the search engine market and is hence now
desperate to re-establish its lost dominance. It is in the light of these
developments and Yahoo’s quest for faded glory that shareholders and the rest
of the stakeholder groups need to keep a close eye on YHOO Stock news.
Yahoo
recently announced that its CFO would participate in a question and answer
session at the JP Morgan Global Technology, Media and Telecomm conference in
Boston. A live webcast of this shall be available for investors and shall be a
good opportunity for all stakeholders including shareholders to question the
recent policies and actions undertaken by Yahoo. Additional news with respect
to Yahoo’s shares is that influential Dan Loeb’s Third Point has dropped stakes
in Yahoo by 1.24% by selling 8 million shares of Yahoo. This might signal a
negative trend to the rest of the shareholders who might follow the lead of
Third point and divest from Yahoo’s shares. For further details and information
regarding yahoo and the movements in the YHOO
stock symbol please visit Bidnessetc.com.
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