Kara Swisher

Recent Posts by Kara Swisher

Wall Street Likes Bartz’s Firing — Yahoo Stock Spikes on News

Yahoo shares are up more than six percent in after-hours trading, as news of the firing of its troubled CEO Carol Bartz got out (from here, actually).

The stock is at $13.72, up 81 cents so far, as you can see below. It will be interesting to see what happens tomorrow when the markets open.

Bartz and the company confirmed (she in a feisty email) it had let her go after the veteran tech exec could not seem to turn around the Silicon Valley Internet giant.

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald