Yahoo Goes Into The Red
New chief executive Carol Bartz says Yahoo is not for sale as the company makes a $303 million loss in the fourth quarter.
2008 wasnÃ¢â‚¬â„¢t good to Yahoo, what with fending off a Microsoft takeover, shareholder rebellions, and an aborted alliance with Google. And it hasnÃ¢â‚¬â„¢t ended well. As Yahoo revealed its figures, it announced that during the fourth quarter it went into the red, to the tune of $303 million.
However, although new chief executive Carol Bartz was adamant that the company needed to streamline more, and devise better strategies, she was adamant in one pronouncement:
“I didn’t come here to sell the company.”
Read more: digitaltrends.com