Kara Swisher

Recent Posts by Kara Swisher

Yahoo's Stock Is Like a Falling Knife

And BoomTown has to wonder who is going to try to catch it without getting sliced and slashed.

As we noted earlier about Yahoo’s dicey situation, in a back-to-school post about what various Internet companies need to focus on in the months ahead:

Simply put, time is running out for the languid stylings of Yahoo management, whom I hope have been ferreting away since the controversial annual meeting at the start of August on a plan to jack up revenues and profitability, and pronto.

Unfortunately, many employees I have talked to recently still report a disturbing lack of urgency on the part of the company, whose stock has sat too close to $19 a share for too long now.”

Now, it is less than that as Yahoo (YHOO) shares have descended even lower, to close this afternoon at $18.75.

This chart from Yahoo Finance tells the tale clearer than I ever could. But if it keeps declining, there will surely be lots to talk about.

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik