Yahoo firing 1,500 workers; 3Q profit falls 64 pct

By | October 21, 2008

Yahoo firing 1,500 workers; 3Q profit falls 64 pct
Yikes! Things are not looking good over at Yahoo. Yahoo’s stock (YHOO) price has dropped $0.79 or 6.14% today, to a close of 12.07. YHOO’s 52 week range is from 11.37 to 34.08, so today’s close is nearly the very low end of the range. I think it will take some time for YHOO prices to recover, so I will not be buying YHOO shares any time soon.

How badly will Yahoo’s bad news affect Google’s share price?

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  1. Pingback: Goldman Sachs to Cut 3,200 Jobs | Growing Money

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