Grabyo Secures $2M From Celeb Sports Stars For Rights-Friendly Social Video EU’s New #VATMOSS Rules Could Create A #VATMESS For Startups IncuBus — The Tech Startup Incubator Based On A Double-Decker London Bus Tyba Pulls In Another $3.1M To Scale Up Its Graduate Recruitment Platform Prezi Secures $57M Growth Round From Spectrum And Accel, Passes 50M Users Finexkap, Offering Working Capital to SMBs In France, Raises $22.5M Video: Nokia''s New Small Tablet, The N1, Is A Showcase For Its Z Launcher Two Minutes With TechCrunch! 3PM Today At The Entrance To #Slush14 Obillex Secures £3M, Led by Dawn Capital, To Disrupt Small Biz Financing Most People Prefer The iPhone 6, But The 6 Plus Is Selling OK, Says Analyst As Developers Depart, Google Glass Is Ready To Become This Era''s Segway Mind Candy Reports Losses As Moshi Fades And It Pins Hopes On Warriors EyeFocus Accelerator Launches In Berlin To Focus On Eye-care Startups CubeSensors Will Now Monitor Your Sleeping Environment Aeromobil Is A Flying Car With A Top Speed of 124 MPH... On Land Yawn: Amazon cloud business just keeps rolling along The Spirit Of Coopetition Is Alive And Well In The Cloud The Insta360 ONE X Open Bionics Creates Disney-Inspired Bionic Hands For Amputee Kids SF Nerds Can Now Impress Dates With UberSELECT Lyft Announces ''Instant'' Driver Payments Alongside Hertz And Shell Partnerships TomTom Is Applying Its GPS Technology To Self-Driving Cars And Fitness Watches Lumo Aims For The Running Market With Launch Of "Smart" Pants To Improve Runners'' Posture Elon Musk, Sam Altman Predict Self-Driving Cars Will Be On The Road In Just A Few Years TC Cribs: DogVacay''s Fur-ociously Cute Office HQ Bill Gurley: "I Hope To God We Have A Soft Landing" Makerarm Is An All-In-One Robotic Laser Cutter, 3D Printer, Painter, Fabricator And Assembler President Obama Calls On Tech Companies To Aid In The Syrian Refugee Crisis Secret Co-Founder David Byttow Preps New Enterprise Startup After Stint At Medium NASA Astronauts Can Already Farm On Mars SolarCity Creates A 22% Module-Level Efficient Solar Panel Klout Perks Is No More ''Back To The Future'' Trilogy Is Free For Amazon Prime Members In October Bazillion Dollar Club Is Looking For New Home After SyFy Cancellation TC Cribs: A Trip To TV Land With Hulu Product Hunt Adds Podcast Discovery To Its Fleet Of Channels Atoms are, after all, the universal building block Grateful Dead eBook app available for iPhone Poll: Do people actually like 3D movies and games? RC helicopter looks like Airwolf!! BeatSequencer beeps, blinks, flashes Eggstra! Eggstra! read all about it! The sky is falling! Computer Shopper Magazine going all-digital Scientists do the impossible: create new alloy Real-world mermaid created by WETA Workshop Academy Awards nominated films distributed by kopimi stations QuickPod extends product line Homebrew boombox PC Embed YouTube and Vimeo videos in slides at Slidesix Coinstar gobbles up Redbox
Amazon hires Disney SVP Kyle Laughlin as director of Alexa Gadgets
Apple’s battery cases return for the iPhone XS and XR
The Future Of TV Is HTML
This Week On Bullish: Can The Bold Italic Come Back?
Microsoft Drops New Windows 10 Mobile Build, Promises Faster Release Cadence
Cisco Pops 2.5% After Reporting Better-Than-Expected FQ4 Revenue Of $12.84B
Yahoo Sags 4% After Alibaba's Q2 Earnings Disappointment
Microsoft Postpones Ship Date For Its 'Surface Hub' Wall Computer To January
You Can Now Run Windows 10 On Your Mac
Microsoft Drops Another Windows 10 Update
Zulily's Buyout Spike Leaves It Less Valuable Than When It Went Public
Microsoft Launches New Windows 10 Build, Vows To Keep Its Early Access Program Alive

漂流瓶终于彻底拜拜 微信7.0.4新版体验
微信漂流瓶被玩坏了 聊聊漂流瓶里那些事
微信关闭漂流瓶 它曾经满足了我们对世界的好奇
[视频]惠普Chromebook x360 14 G1评测:搭载Chrome OS的商务变形本
借贷宝:停止催收百名裸条女大学生 未满23岁将不得借贷
京东白条多地频现盗刷 消费者遭催收公司“逼债”
借款野蛮催收行为将被规范 真是几家欢喜几家愁
为规范网贷催收 上海互金协会发行业倡议书
腾讯解释为什么微信没有夜间模式 真相你相信吗?

Yahoo Sags 4% After Alibaba's Q2 Earnings Disappointment

当前位置: 艾金森 > 门户 > 海外资讯

点击量 25
编辑: 1   作者: Techcrunch   时间: 2019/6/11 14:49:01  

After Alibaba reported lower-than-expected financial performance in its second quarter, shares of Internet portal and mobile shop Yahoo fell around four percent in regular trading. Alibaba's own equity slipped a slightly higher percentage, giving up nearly five percent in the same period.

As TechCrunch reported this morning, Alibaba's earnings came in under expectations, with the Chinese e-commerce firm growing a slimmer-than-anticipated 28 percent, compared to the year-ago period. Weaker Alibaba financial results come in the wake of broader warning signs of a slowing Chinese economy; the Chinese government recently devalued its currency compared to the dollar on the heels of draconian controls on the country's stock market, designed to support slipping shares.

Yahoo's fortunes are yet tied to Alibaba, despite the firm's plan to spin off its investment stake?into a new company called "Abaco Holdings." Yahoo hopes to unload its equity in Alibaba in a tax-advantaged fashion that may?let it avoid a stiff bill from the U.S. government.

The value of that spin-off, expected to execute?in the fourth quarter of this year, declines in keeping with slippage in the value of individual Alibaba shares; the further that Alibaba falls, the lower value the asset that Yahoo hopes to release. Hence, Yahoo is itself worth less today due to the friction.

Yahoo's own public performance has long been tied to the value of Alibaba, after the American firm spent $1 billion years past to acquire a large fraction of the Asian technology giant. As the value of Alibaba skyrocketed, Yahoo was granted a buffer from its own lackluster internal performance. Now, following Alibaba's IPO, and the coming spinoff of the equity discussed here, Yahoo is decoupling from its former investment.

That Alibaba is worth a firm multiple of Yahoo only adds a historical wrinkle to the mix.