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Yahoo reports $440million losses over the last three months in bad news for Marissa Meyer

July 19, 2016

Via: DailyMail

Yahoo’s latest earnings report leaves no doubt the internet company is stuck in a downward spiral.

The company managed to beat Wall Street’s limited expectations for revenue in the April-June quarter. But after subtracting commissions paid to its partners, Yahoo said its revenue fell 19 per cent from a year earlier, while its loss widened to $440 million.

Investors are waiting to hear about the company’s plans, after Yahoo’s board began soliciting bids from prospective buyers earlier this year. Monday was the deadline for final offers.

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