Yahoo‘s stock hit $30 a share in early trading Thursday for the first time since February 2008. To put that in perspective, the last time Yahoo traded above $30, George W. Bush was still president, Apple had yet to launch the App Store and Microsoft Bing was still more than a year away.
The stock has more than doubled since Marissa Mayer took over as CEO a little more than a year ago, but much of those gains are due to the success of Alibaba, a Chinese ecommerce company, which Yahoo has a 24% stake in. Indeed, during an interview this week at TechCrunch Disrupt, Mayer said some of the credit goes to her predecessors — particularly Yahoo co-founder Jerry Yang — for smart investments in Alibaba and Yahoo Japan. Read more…
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Read more : Yahoo Stock Tops $30 for First Time Since 2008
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