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Battered Yahoo Isn't The Only Weak Tech Stock

Yahoo's stock continues to plummet, but the Web giant is by no means the only tech company having a rough ride on the market these days, says BoomTown writer Kara Swisher. While it's "absolutely worrisome" that Yahoo shares fell to a five-year low of $17.75 in Thursday trading, it is Google that is actually off the most this year on a percentage basis. The search king is down 32% this year, while eBay is off 27%, Microsoft is down 25% and Yahoo, 19%.

Yahoo, of course, started the year at $19.86 and then fell into the $18s before Microsoft swooped in with a $31 per share offer to buy the company. The probability of the deal instantly sent Yahoo shares soaring, but as time dragged on and the deal became more unlikely, shares slipped back into the low $20s. Now that the deal is completely off, Yahoo shares have had nowhere to go but down, dropping to Thursday's five-year low.

As Swisher points out, Yahoo isn't the only Web company getting bashed by the weak economy: eBay, Microsoft, Amazon and Google were all down about 4-5% this week. She adds that the giants' recent run of poor form "is not a particularly good situation for the whole sector or the smaller Web 2.0 players that have banked their futures on having an IPO or being slurped up by the bigger players,"

Read the whole story at D: All Things Digital »

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