Wall Street thinks Yang’s Departure Makes Yahoo More Valuable | Startup Meme - Unofficial Facebook Guide
Nov 18 2008

Wall Street thinks Yang’s Departure Makes Yahoo More Valuable

Bil Bonner 

image thumb212 Wall Street thinks Yang’s Departure Makes Yahoo More Valuable

Wall Street has responded to the news of Yang stepping down as CEO of Yahoo, and has done so in a very positive manner. Yahoo stock closed at $10.60 yesterday and is currently trading at $12, which means that Wall Street thinks that just the mere absence of Yang is worth $2 billion more for Yahoo.

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