Yahoo! Restructuring, Jorgensen Out

UPDATE: CNBC Is reporting that Blake Jorgensen is leaving Yahoo! For more on the restructuring of the company, click here.

The stock is rising on the news. In mid-day trading, up more than 5% to $13.14 a share.

For more on comments Wednesday from Jorgensen on a possible sale of Yahoo's search business, click here.

Comments

[skymuffin]

Don't shed any tears for Yahoo. They're a bunch of arrogant people whose time has passed.

BTW, have you ever tried to get a hold of customer service on Yahoo? Did they ever put the number on the website?

[jazabelz]

Don't know if any you every check out the blogs and articles on Yahoo -- but they are far right leaning! Hope all those extremist conservative businesses fail and let them see what it's like!

[Star2000dancer]

OMG! i do all my stuff on yahoo. I had to call them today. I asked them if they were going down & the guy said he was'nt allowed to say anything. I did'nt even know about this.

[fredOlino]

This is very, very true... "far right leaning"... including large numbers of H1B visa personnel (and more on the way) just like eBay. Your PayPal accounts are in India. Don't let the skirts on these ReThuglicans fool you. Whitman will destroy everything good about Californina. Bartz is on her finance and fund raising team: http://www.megwhitman.com/story/43/meg-whitman-announces-campaign-finance-committee-leadership.html

[DomainDiva]

I understand what Yahoo is and what their identity should be. Give me the job!

[brandnewstuff]

Regulations are needed for technolgy a 21 st century where Lawmaking has not kept up in any form of monopolies in any Industry even moreso the God Head of Tech- bring them all bak down to earth-

[KillTheMessenger]

So? What has the man done for Yahoo and why is it important that he leaves?

Yahoo is the new AOL. They are the new zombies of the internet. I hope M$ buys it... but only because I don't like M$.

:-)

[joebaggadonuts]

There is no way the cultures of Yahoo! and that of Micro$oft can successfully combine. They will have to fire all the Yahoos and then the value will be gone. But go ahead. Make my day.