Right, so Yahoo beat the analyst expectations (GOOD!), but still posted a fourth quarter loss of some £212m (BAD!).
That’s a lot of money to lose, especially considering Google contiues to lead the pack – Last week they also defied analyst predictions, but still made a profits of £266m. Impressive amounts, but rather worringly for them, it’s a drop of 68% year-on-year.
Returning to Yahoo though, it’s even more depressing. Profits fell by 34% compared to the same period last year. Although they’ve got a new CEO at the helm, (Carol Bartz), who I’m sure actually do a great job in turning the company around, I’m not entirely convinced that her $19m YEARLY salary is going to help improve the revenue streams of the business.