Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
January 4, 2012 08:03 pm GMT

The Scott Thompson Effect: Yahoo Trades Down 2 Percent On CEO News

Yahoo! Stock ChartAfter months of searching, Yahoo announced its new CEO this morning: Scott Thompson, former president of PayPal. The market's initial reaction? Yahoo shares are trading down 2 percent from yesterday's close of $16.29 as the market absorbs the news and tries to make sense of it.Thompson is an operator and a technologist. That might just be what Yahoo needs at this point. We'll see if the market reacts more positively to his remarks during a conference call which is just about to start.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/OLuDD0H8WOw/

Share this article:    Share on Facebook
View Full Article

Techcrunch

TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

More About this Source Visit Techcrunch