Yahoo’s $8bn Black Hole
One would think that the assets of a company with headquarters that encompasses around 1 million square feet with 3500 employees and an e-mail service with 250 million users – would add up to something. But things are not exactly as they seem with Yahoo. From a certain perspective, Yahoo is worth approximately – $8 billion. And no, the minus sign is not a typing error. Bloomberg reveals the facts about the startling revelation of Yahoo’s $8bn Black Hole, along with the story of how the company’s chief executive officer managed to miraculously save the it.
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