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Marissa Mayer Says Yahoo Continues To Make Solid Progress, Earnings Report Says Otherwise (fool.com)
tomhath quotes a report from Fool: Yahoo! CEO Marissa Mayer tried to emphasize the progress that the company has made. "We continue to make solid progress against our 2016 plan," Mayer said, and "in addition to our efforts to improve the operating business, our board has made great progress on strategic alternatives." The CEO argued that the results met or exceeded the company's own guidance. Yahoo! was able to post a revenue increase by changing the ways that it presents revenue related to its search agreement with Microsoft, and without that change, adjusted revenue of $1.055 billion was down 15% from the year-ago quarter. That was even worse than the 13% drop investors were expecting, and adjusted EBITDA fell by more than a third. That resulted in adjusted net earnings of $0.09 per share, missing the consensus forecast by a penny but also glossing over a $440 million net loss on a GAAP basis. The company took a $395 million goodwill impairment charge and an $87 million intangibles impairment charge related to its Tumblr unit, determining that the fair value of the division is less than the amount indicated on Yahoo!'s balance sheet. It was also revealed that Yahoo is writing down the value of its Tumblr acquisition by $482 million, citing lower projections for the social network's future performance, according to a report from CNNMoney. Last quarter, the company took a $230 million write-down on its Tumblr acquisition. Since Yahoo acquired Tumblr for $1.1 billion in 2013, Yahoo has written down more than half of its value.
Say what you will about those ugly old websites, but at least they weren't tracking your every move and trying to upskirt your personal data for profit.
You are welcome on my lawn.
How dare all these misogynists question her wisdom as CEO! This just shows that all men in tech are all misogynerds who think women should be in the kitchen and pregnant!
Misogynerds! Why do you hate women?
Why would she need to beg for her old job? Have you seen the size of her golden parachute ($200M IIRC)? The longer she drags this out, the more she gets paid. Why should she resign? She can hang on and keep getting paid, and then when they fire her she'll still get that golden parachute. After she leaves this place, she'll have so much money she won't need to bother with working any more. Sounds like a resounding success to me.