Yahoo Stock Drops 22% In Pre-Market Trading

Posted: May 5 2008, 6:58am CDT | by , Updated: Aug 11 2010, 7:52am CDT, in News | Technology News

 
Yahoo Stock drops 22% in Pre-Market Trading
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As expected the Yahoo! stock takes a beating after Microsoft stopped pursuing the company this weekend.
The Yahoo stock is currently down over 20% in pre-market trading. Microsoft's stock on the other hand is on the rise.
The cancelled deal generates huge buzz in the media. There are tough times ahead for Jerry Yang this week.
Microsoft withdrew their bid for Yahoo on Saturday. The company also said not to pursue a hostile take over.
See Yahoo stock value on Yahoo Finance site.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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