Wednesday, December 3, 2008
Another Day, Another Questionable Yahoo Story Rocks the Stock
The stock seesaw for Yahoo–fueled this time by a story in The Wall Street Journal that claimed that former AOL CEO Jon Miller was buttonholing private equity firms for money to buy the Internet giant–continues.
Yahoo shares rose seven percent due to the report, to $11.50, up 76 cents.
Unfortunately for everyone but stock manipulators, the Journal story had a lot of problems, including the highly pertinent fact that Miller has not been actively working on such a deal with any more effort that he had been over the last six months.
“Nothing is different now than it was last week, or even months ago,” said one person close to the situation.
