Marilyn Thipthorpe
Have you heard the breaking news declared by Kara Swisher of Yahoo? Apparently, the company is and has been for some time been in a free fall. All potential buyers are being scared off and those already in possession of stock are looking to clear out before worst comes to worst and the company hits rock bottom and declares bankruptcy. The company revenue and earnings is expected to drop 15% in the next few months and as a result over a thousand employees are being laid off. Yahoo, is looking to sell off or lease various parts of its company but CEO Marissa Mayer says that several buyers find the records and books too confusing, as Yahoo has shuffled around so much of its records that its not clear any more what is bring in the cash and what is not; that said though several investors are ready to make bids.