More changes could be headed to Yahoo!
According to Trip Chowdhry, the Managing Director of Equity Research at Global Equities Research, Yahoo! (NASDAQ:
YHOOGOOG)."
As one of the larger tech giants to fall from grace, Yahoo! has been struggling to remain relevant in a world that's moving toward newer and more creative websites. Earlier today, Ironfire Capital founder and managing member Eric Jackson compared the company to another ailing beast -- AOL (NYSE:
AOL).
"I think Yahoo! and AOL are very similar companies," Jackson
told Benzinga. "Everybody hated AOL up till last Friday. You couldn't find anybody to say anything positive about [that company]."
Yahoo!
could find itself in a similar position. "Last November, AOL showed [that] their earnings declines [had] stopped," said Jackson. "It didn't actually go up significantly, but it basically leveled off. Suddenly there was this huge bump in the stock. I think it went from $12 to $15 or $16 in a matter of a couple of days. I think the same thing could happen with the core business at Yahoo!"
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