Internet pioneer Yahoo accesses radical measures to overcome its crisis. As the company announced after US market close on Tuesday, we’ll highlight 15 percent of jobs and selling assets, especially property and patents, for up to three billion euros. The offices in Madrid, Milan, Dubai, Buenos Aires and Mexico City will be closed.
In addition, would be considered “strategic alternatives,” it said to present the current quarterly figures. So the range is reduced and place the emphasis on searches via mobile phones and similar devices.
In the future, there be three platforms at Yahoo: Search, Mail and Tumblr. For media offerings, the Group focuses on four themes: news, sports, finance and lifestyle. The main markets Yahoo defined alongside the US, Canada, UK, Hong Kong and Taiwan and Germany.
Yahoo currently has about 11,000 employees. The former pioneer in Web currently but no means to stand up to the competition from Google and Facebook. There are problems in particular with the business of online advertising.
For the fourth quarter Yahoo announced a turnover of one billion dollars. The loss amounted to $ 4.43 billion, but by the same decrease in the lion’s share of depreciation. Excluding special items, earnings per share was 13 cents, and thus within the scope of expert estimates. In the previous year had amounted to 17 cents per share.
The Investors were Mayers plans initially not impressed: The stock fell in after-hours trading by 1.2 percent. The papers have lost more than a third of their value in the past twelve months.
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