Yahoo! comeback! continues! as! fresh! listing! planned! – The Register
Yahoo! – the outfit that dominated the web in the late 1990s before Google ate its lunch – is plotting a return to the stock market.
The Purple Palace’s CEO, Jim Lanzone, on Tuesday told the Financial Times that Yahoo! is “very profitable” and has “a great balance sheet.”
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Lanzone acknowledged that the erstwhile titan has struggled, but pointed out it remains either the top or second-ranked destination for topics such as finance, sports, and news.
He added: “While the company has had struggles in different points in time, we’re still huge in traffic, and we have our best days ahead of us product wise.”
Lanzone doesn’t just plan a return to the stock market – he also wants Yahoo! to start buying more properties.
“We’ll be aggressive at looking at those,” he told the FT.
If Yahoo! does indeed return to public ownership it will represent a remarkable comeback.
The outfit rose to prominence in the late…
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source: https://news.oneseocompany.com/2023/07/04/yahoo-comeback-continues-as-fresh-listing-planned-the-register_2023070447194.html
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