Replies to post #696 on Altaba Inc (AABA)

[funtrader1]

Don't panic, we chatted Monday and since then a few things have happened but the sky isn't falling.

Remember I said LONG term.

Stocks always go down a bit very short term when a high exec leaves, ie: investors think there may be issues with co.

I assure you there are no issues with YHOO!

"Shares of Yahoo Inc. slipped Thursday a day after the Web portal announced the sudden departure of Chief Operating Officer Henrique de Castro.:

"...Yahoo (YHOO) shares were off 2% in morning trades. The company did not explain in detail the reason for De Castro's exit, but The Wall Street Journal, citing an unnamed source, said he often clashed with Chief Executive Marissa Mayer.

Every day there will be news here, don't lose sleep over the daily events.

Meanwhile:
"...investors should continue to own Yahoo for upside tied to Alibaba through an initial public offering and for Yahoo Japan." Yahoo has rallied for the last three months mainly based on expectation that Alibaba, of which the company owns a substantial stake, is nearing an IPO."

As far as AOL, I'm not sure why you are comparing the two, AOL doesn't take market share from YHOO.

There was a recent jump in PPS due to:

"....NYSE: AOL ) rose more than 11% Thursday after the company announced a joint venture with Hale Global to hand over the reins of Patch, its unprofitable 900-site local news platform.

Under the terms of the arrangement, AOL will contribute Patch into a new LLC, which will be operated and majority owned by Hale.

AOL shareholders, for their part, should be happy to cede control, considering their company has been unsuccessfully pouring money into Patch in an effort to make the platform profitable since acquiring it in 2009.

What's more, today's partnership shouldn't be particularly surprising, especially when we consider AOL CEO Tim Armstrong already asserted, back in November, that they were expecting Patch to "move to run rate profitability by the year's end through a combination of operational changes and a partnership model for operations or strategic alternatives."