Yahoo stock has been in free-fall for some time now and the company seems to have run out of ideas when it comes to future.
I tweeted about current state of Yahoo marketcap few days back
Yahoo market cap is $26 bn
Value of Yahoo's holding in AliBaba = $26 bn
Yahoo Cash holdings = $6bn
Yahoo biz is valued at minus 6bn 🙂
— Deepak Singh (@smarket) February 4, 2016
It appears that market is suggesting that Yahoo business has no value which is weird and hence the following news came to me as no surprise
Verizon CEO interested in bid for Yahoo https://t.co/EGvGDm2Pzm
— Newshub Money (@NewshubMoney) February 7, 2016
Watch this space for more. Yahoo is an interesting stock to follow now.
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers