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Yahoo Rumors, Rumors All Around, But Not a Drop Correct

November 5, 2008 at 10:08 am PT

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.

Tagged with: advertising, BoomTown, digital, Google, Internet, Jerry Yang, Kara Swisher, manipulator, Microsoft, rumor, San Francisco, search, stock, VentureBeat, Web 2.0 Summit, Yahoo

comments so far. Add yours.

Greg Shortall

Anyone else feel they needed a decoder ring to parse this article??
Nathaniel Dimtricus

Window of opportunity for the Kara Swisher interviews Jerry Yang…. :) 4:50 p.m. See ya, there, Kara! :)
Mike Kane

Kara,

No doubt rumors will run rampant, but given that you broke the story a few weeks ago that Jerry said ” we’ve done most of what set out to do, if not all, of what we’ve set out to do this year”, the real question is why does Jerry still have a job? He has been a complete disaster. If you look at the few times during Jerry’s tenure that YHOO stock increased:

1) When MSFT made the initial offer ( Jerry was against that);

2) When Ballmer slipped a few weeks ago and said that YHOO was still econimically viable ( Jerry was against that);

3)When the Google partnership fell apart ( Jerry was for that).

In short, everything Jerry advocated has been directly opposite of the stocks increase. He is a failure and needs to go.