Kara Swisher says, “What would you say about an Internet company that is now sitting on upward of $35 billion in cash and relatively liquid assets that still has one of the largest audiences in the Web?

And what would you say if that core business were now worth only about $6 billion? To put it in context, that is a fraction of LinkedIn’s $26 billion market cap, Netflix’s $27.5 billion valuation and just a little bigger than much tinier players like Groupon ($4.7 billion) and Yelp ($5.5 billion).

And what would you say if that company’s value was slashed in half in a single day, as noted by the Wall Street Journal and others, due to the IPO of another company that itholds a very large stake in?”.

After the Alibaba IPO, Is Cash-Gorged Yahoo a Buyer — Or a Seller?

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