
Yahoo profit soars following the Alibaba IPO
Yahoo, whose stock had been buoyed by the pre-IPO hype, has already committed to returning at least half of that money to shareholders. Yet the company's core advertising business has been unimpressive in recent years, putting pressure on CEO Marissa Mayer to prove that Yahoo can be more than just an Alibaba proxy for investors. A manager of the activist hedge fund Starboard Value recently called for the company to merge with AOL (AOL, Tech30).