Yahoo Rumors, Rumors All Around, But Not a Drop Correct
Inevitably, in the wake of the collapse of the controversial Yahoo-Google search advertising deal, there would come the next shoe to drop–that Microsoft (MSFT) was swooping in with a bid to buy the company and that Yahoo CEO Jerry Yang was on his way out on a rail.
Maybe that should happen, but according to my many sources, a report in VentureBeat of this development is dead wrong.
And, said sources, Yang will keep his scheduled stage appearance at the Web 2.0 Summit today in San Francisco.
The culprits of the bad information? Surprise, surprise, those wishing to make some money on the stock market on the swirl of uncertainty around Yahoo. These stock manipulators have tried to spin BoomTown many times, and they are appalling.
More later, but the Yahoo (YHOO) train-wreck story, with its latest Google (GOOG) crash, is exciting enough without specious rumors.