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Comment RSSYahoo hit by Recession
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Yahoo is continuing to show signs of weakness and vulnerability, with Q2 earning reports just being released they are showing a 13% decrease in earnings on the same period as last year (1.14 billion dollars from 1.35 billion dollars). Looks Yahoo is continuing to feel the pinch of recession, although as many are quick to point out, these figures are better than expected. But yet rather lack luster when you see their main rival Google swelling up with cash.
While revenues did fall 13%, the news isn’t all bad at Yahoo! They did end up turning a profit of 132.4 million dollars. Chief Executive Carol Bartz, had this to say “I’m pleased with our results this past quarter” to which he added “We established a clear, simple vision to be the center of people’s lives online, and we’re backing that vision with important initiatives to create ‘wow’ experiences for our users.”
The ‘wow’ factor came in the new Portal page released in the USA today, which will heading to UK screens next week. This fresh design, is obviously there to impress, the question is does anyone care? perhaps more importantly, will news today ignite Microsoft’s hostile bid? and where will Yahoo! and its employees be next year. Time will tell, but we sure haven’t heard the last from the worlds longest standing Portal.
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