A double whammy for Yahoo. Not only did the company announce it is seeing a slowdown in advertising spend in its two hottest sectors…
Chief Financial Officer Susan Decker told investors at a Goldman Sachs media conference that Yahoo has seen “a little bit of weakness in the last few weeks” in auto and financial services advertising.
“It’s a new trend. It’s been two to three weeks and we don’t know yet if it’s an indicator of a broader slowdown,” Decker later told reporters at the conference.
It was also greeted with a 13% drop in share price because of the news.