Saturday, October 11, 2008
Weekend Update, 10/10/08
The best thing that can be said of the week ending Oct. 10, 2008, is this: It’s over.
Marked by panic selling and wet-your-pants fear, it was one of the worst weeks in the financial world’s history–a week that cut the legs out from under Google, beat Yahoo until its market cap bled purple and caused the Dow Jones Industrial Average to swing more than one thousand points on an intra-day basis.




No surprise here. Yahoo shareholder dissatisfaction is following a trend line inverse to the company’s plummeting share price. In fact, the price has dipped so low that Ironfire Capital founder Eric Jackson–the dissident Yahoo investor who agitated for change at the company and the creator of the Yahoo! Plan B investor community–has dumped his Yahoo shares.