Yahoo released its latest earnings report today, and while there were some bright nuggets for the beleaguered company--its reported revenue for the second quarter of this year beat analyst estimates--there was one distinct black mark. Yahoo recorded a total goodwill impairment charge of $482 million related to its purchase of Tumblr. Whoops!
Yahoo's Latest Earnings Report Basically Confirms That Tumblr Purchase Was a Waste of Money
Gizmodo - 18 Jul 2016 23:44
Yahoo released its latest earnings report today, and while there were some bright nuggets for the beleaguered company--its reported revenue for the second quarter of this year beat analyst estimates--there was one distinct black mark. Yahoo recorded a total goodwill impairment charge of $482 million related to its purchase of Tumblr. Whoops!
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