Yahoo's second-quarter revenue falls 15 percent as company limps towards sale
- 8 years ago
Yahoo is in the middle of accepting final bids for its core business Monday and the company just learned how badly business is deteriorating Yahoo announced revenue in the second quarter fell 15 percent along with operating profit which fell 64 percent Tumblr which was the company's biggest acquisition under current chief executive Marissa Mayer is now worth only one-third of the $1.1 billion that Yahoo paid for it in 2013