Yahoo’s Mayer: I Will Be More Involved in the Company’s Revenue


Yahoo CEO Marissa Mayer called the recent firing of the company’s chief operating officer “regrettable” during a fourth quarter earnings call on Tuesday, but added that Henrique de Castro was “not a fit.”

Mayer also said that de Castro’s position would not be filled, providing her with an opportunity to become more involved with Yahoo’s revenue.

The comments came during the question and answer period of the call. Yahoo had earlier reported profits that beat analyst expectations, but shares moved between 3% and 6% lower in afterhours trading. Yahoo touted traffic growth and a rise in total ads sold to distract from a decline in revenue in the fourth quarter of 2013 …

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Via: Mashable: Advertising

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