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Yahoo Workforce and Market De-Cap-itation

I have always found Yahoo related market news ironic when its front and center on the Yahoo Finance site – particularly when the news isn’t so good.

Yahoo Finance

Yahoo Finance

Like today’s news of Yahoo’s plans to fire 1,500 employees or 10% of their workforce just eight short months after receiving and then rejecting a $47.5 Billion dollar purchase offer from Microsoft.

At the close of business today, Yahoo’s stock market capitalization was $16.73 Billion – approximately one third Microsoft’s $47.5 Billion offer.

Yahoo Market Cap

Yahoo Market Cap

In either case, whether you were an employee who was fired – or you still own Yahoo stock – ouch!

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This entry was posted on October 21, 2008 at 9:02 pm and is filed under Microsoft, Yahoo, Yahoo Market Cap. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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