The latest Search Engine Marketin news from Weboptimiser...
It becomes even more clear as yahoo shares continue to fall that shortly they are bound to be the target of a takeover bid sometime soon
Although Yahoo's fourth-quarter earnings more than doubled, the Internet company's revenue crumbles, showing that it's still struggling to cash in on online advertising.
With less money coming into the company, Yahoo has laid off more than 700 workers in the past two months. The latest cutbacks came Tuesday, with Yahoo laying off 100 to 150 employees, roughly 1% from a work force that totalled 13,600 people at the end of December.
Yahoos chief financial officer Tim Morse says "We are on the right path... We are transitioning into a different company, and that is going to take some time."
Yahoo predicted its net revenue during the first quarter will decline by 4% to 10% from last year.
I,ll be back in a few seconds with some more related news, hang on...
If it wasn't for the cutbacks and the Microsoft partnership, Morse said Yahoo's fourth-quarter revenue would have increased by 2% to 3% from the prior year.
Even if it had that additional revenue, Yahoo would still be far behind other Internet companies that have more attractive services for marketers.
As yahoo continues its decline Google and Facebook, in particular, have been growing rapidly during the same period.
Google's revenue rose 26% in the fourth quarter to $8.4 billion — surpassing Yahoo's total of $6.3 billion for the entire year. Google is doing so well that it plans to hire more employees this year in what will be the biggest expansion in its 12-year history.
Facebook is still privately held, but recently raised $1.5 billion in a deal put together by Goldman Sachs Group Inc. It was revealed that Facebook's 2010 revenue would more than double from $777 million in previous year.
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Search Engine Marketing News | Yahoo Cutsby drclohite97 views
very nice
AragonJIT 1 year ago
This is surprising considering Yahoo is not nearly as popular as it used to be. Thanx for the great vid.
JOHNRESA 1 year ago
Good information and thanks for the sharing
freelancef3 1 year ago
It is Amazing.
indianriya 1 year ago
its easy!
WCBguru 1 year ago
nice video and informable
gurampo 1 year ago
to good
supriya853 1 year ago
interesting
lionking22310 1 year ago
interesting stuff. I didn't know this much about yahoo!
EthanVinceDagostino 1 year ago
A nice information useful for netizens that might dont know about yahoo,very useful one......
koruturusandeep 1 year ago