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I found this Michael Wolff comment very interesting: http://www.usatoday.com/story/money/columnist/wolff/2013/07/29/wolff-daniel-loeb-has-reason-to-shout-yahoo/

by kmfrk 13y ago

I found this Michael Wolff comment very interesting: http://www.usatoday.com/story/money/columnist/wolff/2013/07/29/wolff-daniel-loeb-has-reason-to-shout-yahoo/2597313/ http://www.usatoday.com/story/money/columnist/wolff/2013/07/.... Basically, an influential shareholder has resorted to spending company money (from deferred dividends and sale of the Alibaba stake, etc.) to drive up the company's stock, after which the shareholder cashed out, as the stock soared.

tanzam75 13y ago
Thanks, that was an extremely interesting read. There seemed to be no rhyme or reason behind the Yahoo acquisitions. For example, why Xobni? The two founders have already left Xobni. So if it was an acquihire, then who was Yahoo trying to acquihire? And if it wasn't, then why did they shut down their products? But now I understand what was happening. It didn't matter what Yahoo was buying, or whether any of it made sense. In fact, the less sense it made, the more buzz got created, as people tried to figure out Marissa Mayer's master plan.
MikeCapone 13y ago
That was unreadable, I had to stop after a few paragraphs. Could he sound any more biased and un-objective? I know an opinion piece doesn't have to be neutral, but that was way shrill.