TheStreet.com media critic Marek Fuchs writes that the stories about Yahoo’s earnings were off the mark in reporting that the results weren’t as bad as expected.
“The confusion, I believe, stems from the business media’s need to attach a meaningful-sounding explanation to a blip in Yahoo!’s stock price, a thinly traded after-hours bounce after the company reported post-market close Tuesday.
“Take a look at this Associated Press headline, for example:
“The article’s second sentence gets right to work telling this tale of two expectations:
‘While the results released Tuesday missed analyst expectations, the performance wasn’t as bad as many investors feared after Internet search and advertising leader Google Inc. disappointed Wall Street with its second-quarter earnings last week.'”
Read more here.Â
Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…
Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…
In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…
Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…
Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…
Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…