Yahoo will dominate the headlines for the next month. Layoffs next week, restructuring the week after, Facebook settlement the week after that, Yahoo Japan split off after that, selling their search will follow with a deal or IPO of Alibaba Group wrapping it all up. Happy New Year 2013!
Who is short Yahoo now..?
The news MAY be that the financial transactions on their near defunct auction site utilizes Global Point and that implies a breach of credit card security. It's a big deal for all involved. Yahoo is definitely the only customer that has been violated but still its VERY negative PR.
Here's the story:
Yahoo covered a wide range of topics and made many firm decisions on Yahoo's future. Yahoo also met with Facebook to discuss a settlement. The terms of the settlement have not been agreed on but should be in the next few days. An announcement will be made in April.