Yahoo! Inc. Chief Executive Officer Marissa Mayer, who has overseen an almost 150 percent stock rally fueled by her company’s stake in Alibaba Group Holding Ltd., is poised to pare that ownership -- a move that threatens to diminish the U.S. Web portal’s investor appeal.
Alibaba Group Holding Ltd.’s estimated valuation rose to an average of $153 billion after the Chinese e-commerce company, said to be headed for an initial public offering this year, reported surging sales.
Yahoo! Inc. surged after firing Chief Executive Officer Carol Bartz, whose reign was marked by falling sales, lost share to rivals and a dispute with Asian partners that stunted growth in the world’s largest Web market.
Facebook Inc. Chief Executive Officer Mark Zuckerberg keeps telling investors he’s building a “mobile first” company. They finally got the message, sending the shares to the highest close since their debut trading day.