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Yahoo CEO tries to reassure mobile partners amid turmoil | The Mesh Report

Yahoo CEO tries to reassure mobile partners amid turmoil

the Mesh Report Staff February 18, 2016 Comments Off on Yahoo CEO tries to reassure mobile partners amid turmoil

SAN FRANCISCO (AP) — Yahoo CEO Marissa Mayer found herself in an awkward situation at the struggling Internet company’s annual mobile developers’ conference.

She had to try to persuade an auditorium full of programmers and advertising partners Thursday that Yahoo will grow into an increasingly important player in the mobile market. That while the company is dramatically shrinking to appease restless shareholders threatening to overthrow management.

In an unusually brief appearance, Mayer said that the future still looks bright even though her job security and Yahoo’s future is on shaky ground.

Some shareholders want Yahoo to sell its Internet operations after 3 1/2 years of declining revenue under Mayer’s leadership. The company’s stock has fallen by more than 40 percent since 2014.



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