Discussing Yahoo! Inc.’s (NASDAQ:YHOO) stocks and company position in a program on Fox Business, StockTwits Chairman Howard Lindzon said that Yahoo! Inc. (NASDAQ:YHOO) is really getting into the red area now because after all the efforts of CEO Marissa Mayer, the company is just not getting up to its feet. He said that Yahoo stock value is nothing without the Alibaba deal.
Yahoo! Inc. (NASDAQ:YHOO) had a disappointing second quarter. Yahoo reported a revenue of $1.084 billion, down from $1.135 billion in the year-ago quarter. Mayer said that she is not happy with the company’s progress. She thinks that while the company improved in many areas, there are certain key areas which are not catching up. As a result, growth was offset by declines.
Yahoo! Inc. (NASDAQ:YHOO) reported earnings of $270 million, or 26 cents per share, in the March-June quarter, which is down from $331 million, or 30 cents per share, in the same period a year earlier. Revenue came down to its lowest level since the fourth quarter of 2004.
In the interview, Lindzon noted that Yahoo! Inc. (NASDAQ:YHOO) has 450 million monthly active mobile users, but the company doesn’t know how to monetize this resource. Lindzon said:
“The stock price is telling us that it’s worthless out of the Alibaba [deal]so what Wall Street wants, sometimes Wall Street gets whether people want it or not. They are valuing Yahoo very low.”
He said that Yahoo is not listening to its stockholders and share price. He thinks that the delay in the Yahoo! Inc. (NASDAQ:YHOO) and Alibaba deal is ruining the already worsening market condition of the company.