Topic: Technology
We heard about this last night but were still working out the kinks in our interface, so it had to be kept back until today, where we are astonished to report that Yahoo! has lost $10.4 billion in one single day after it saw its stock drown 22 percent after announcing they were holding off an advertising change that is the basis of their large profit margin.
Yahoo! closed at $25.20 per share, a drop of $7.04. This beats out the 20.9 percent drop that the company experienced after announcing in 2000 that they would be affected by the dot com boom.
Get ready for a possible sell off on Yahoo! stock, since it might appear that the company is going to have to delay the advertising shift again, as it is not even close to being ready. If so, the company could lose some major ground on its major competitor, Google. The Google guys must be laughing their asses off in their white lab coats while drinking liquified diamond coffee out of solid gold mugs.
YAHOO! FINANCE (how ironic is that)
