Around the Net
Yahoo Losses Widen As Tumblr Disappoints
- The Drum, Tuesday, July 19, 2016 8:56 AM
Yahoo has reported revenues of $1.3bn for the last quarter compared to a loss of $22m the same period 12 months earlier, with the company also reporting a near $500m downgrade in the valuation of its Tumblr purchase, three years into its takeover of the picture-sharing service.
