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Yahoo! reports a loss

While Google is doing impressively well during these tough times, Yahoo! has reported a loss in Q4 due to economic constrains.

Ms Bartz, Yahoo!’s CEO, said: “The company made important investments while aggressively managing costs, leaving us better positioned to weather the economic downturn and emerge stronger when advertiser spending improves”.

However, Yahoo! managed to make a net profit of £424m in 2008, compared with $660m in 2007.

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 Posted on: Wednesday, January 28, 2009 at 12:06 pm
 Yahoo.
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