Similar Stories to Yahoo Is Tanking Pre-market (yhoo) on Bing News

Jay Yarow, Business Insider
Thu, 01/29/2015 - 5:51am

Alibaba sneezes and Yahoo gets a cold. Or something like that. Alibaba delivered a weaker than expected earnings report, which sent Alibaba shares falling by 6.7% in pre-market trading. As a knock-on effect, Yahoo is tanking itself. It's down 5% in pre-market trading. Yahoo owns 15% of Alibaba, so it is pretty much just a tracking stock for Alibaba at this point.

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