Yahoo is in the midst of a financial freefall, based on a report that claims the company’s deal book shows a muddled and confusing financial picture that has made potential investors nervous about any effort to salvage the business. Yahoo’s internal presentation for investors paints a picture of a company moving entirely in the wrong direction, according to the report. Slides show that Yahoo’s revenue, excluding traffic acquisition costs, is projected to drop 15 percent to $3.5 billion in 2016, compared with $4.1 billion a year ago.
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