Mayer needs to make it clear what plans she has for the $4.3B that was promised to Yahoo shareholders. Mayer stinks at PR.
Mayer has not done one thing to build confidence for Yahoo shareholders. The only real move Mayer has made so far was to tell shareholders they might not get the $4.2B that was promised to them from the first Alibaba Group payment. If you don't know what you are going to do with the cash, why threaten to take it away from long suffering Yahoo shareholders? That's a bimbo move, Mayer.
Alibaba Group is growing faster than expevted. Yahoo will get more than the minimum payment in October.
It looks like some didn't think Yahoo would get their money from Alibaba Group with the way Yahoo is up over 2% today. Yahoo is going to get a lot more than this $7.6 billion. Yahoo will get another $20 billion for their second half of Alibaba Group and another $7 billion for their 35% of Yahoo Japan.
How long before we find out what Yahoo will do with the money?
Buy Yahoo with it. Yahoo still owns 43% of Alibaba Group.
IntoNow's app is available now. That is not what Mayer's secret project is. Whatever she is demanding to be ready by December 1 is much bigger than this app. Maybe YahooTV?