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Yahoo sees $440m loss in second quarter 2016

Yahoo sees $440m loss in second quarter 2016

Yahoo losses money again second quarter of 2016 as it also happened the same time in 2015.

Yahoo said Monday its loss in the second quarter widened to $440 million from $22 million a year earlier, while offering no definitive news on efforts to sell its core Internet business.

The one time internet giant has been on the constant decline in recent years.

“Our board has made great progress on strategic alternatives,” chief executive Marissa Mayer said in a statement that contained no clues on a widely speculated bidding process for the key assets of the faded Internet star.

Let’s hope the new strategy make a difference.

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Tuesday, 19 June 2018
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