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November 30, 2015

Hopes fading for a turnaround at Yahoo

  • Like her predecessors as Yahoo CEO, Marissa Mayer has been unable to snap the company out of a financial funk despite spending billions on acquisitions and new projects.
    • By MICHAEL LIEDTKE
    AP Technology Writer

    SAN FRANCISCO — Marissa Mayer's nearly four-year attempt to turn around Yahoo needs a turnaround itself, repeating a pattern of futility that has hobbled one of the Internet's best-known companies for the past decade.

    Like her predecessors as Yahoo CEO, Mayer has been unable to snap the company out of a financial funk despite spending billions on acquisitions and new projects. Yahoo's stock has sunk by 35 percent so far this year as investors' frustration with the follies have mounted, spurring calls for her replacement.


     
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