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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.

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