Monday, May 05, 2008

FT.com / Companies / Media & internet - Calming investors is Yahoo’s next task

Sign of the times...

There was some grim humour on internet message boards discussing the Yahoo stock, with allusions to federal support of banks in the subprime crisis.

One spoof message said: “In response to recent events Federal Reserve Board voted unanimously to authorise the Federal Reserve Bank of New York to create Yahoo Lending Facility to avoid significant stock market disruption and to support Yahoo Inc shares. Yahoo Inc and its authorised agents will be able to borrow from the facility to support stock price.” The writer added that investors unable to sell their shares at Friday’s closing price could swap them for US treasuries at $29.70 a share.

FT.com / Companies / Media & internet - Calming investors is Yahoo’s next task

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