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Alright the current economic meltdown is the biggest reason for the fall in stocks of every firm and the massive number of job lay offs but for Yahoo it’s a mere push to help it fall further in value. NASDAQ plunged a mere 0.8% today but Yahoo took it as an oppurtunity to fall by a mammoth 5.6%.
The current stock value is put at $13.76 according to reports. We reported last week of Yahoo’s stock dangling at just above $15 mark and thought that it wont fall further but Yahoo as always proves us wrong when it comes to thinking good about the company.
However one must not roll Yahoo out of the game, remember five years back Apple’s stock were choked at single digits and was looked down by every investor, it however peaked at $200 and currently sliding below $90 (owing to the global crisis that mars even Google). It wont be wrong to say that the management appears to have the least sense of direction but it’s not entirely to blame for the sudden shattering.
Not associating any false hopes, I would still like to be fractionally optimistic that it’s just one dip that every major company takes and a Yahoo/Google deal may very well improve the stock rating, at least on the short term. One it of advice though, Yahoo must learn to monetize the massive traffic its page attracts even today.
