SAN FRANCISCO: Yahoo Inc’s uninspiring quarterly sales forecast disappointed Wall Street and underscored how the one-time Internet leader is struggling to keep up with Google Inc and Facebook.
Investors have pressured Yahoo, the leader in display advertising, and chief executive Carol Bartz to deliver growth and revive its stock price, amid talk that private equity firms are exploring a buyout of the US$20bil company.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!