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Yahoo reports first quarter earnings

Yahoo’s Chief Executive Officer, Marissa Mayer

Yahoo showed it’s noticeable earning shrink this first quarter amidst the negotiation of selling the once popular internet portal turned media company.

After the bids for the company and assets closed, its Chief Executive Officer, Marissa Mayer, announced during a conference call that they made a substantial progress towards other alternatives regarding Yahoo’s dipping fate.

The company that was founded in 1955 by Stanford students Jerry Yang and David Filo could either look towards being bought, renamed or chopped into parts.

Yahoo is still a running business despite the amidst issue. According to an article from cnet.com, Mayer didn’t give much detail to which the company could be sold, but there were reports that its bidders and suitors include Verizon, YP, and private firms like TPG.

(Photo Source: theguardian.com)