Yahoo : Shutting down?

A few days back, I was startled to see a mail in my Yahoo inbox marked with the official 'Y!' symbol. The mail went on to say that Y! Briefcase, a little known yahoo service was done with its days.

Is Yahoo is dying?

Reports confirm that Yahoo, actually, is in a loss of $303 billion. The fourth quarter closed the books upon Jerry Yang, the CEO and the co-founder of yahoo. "The company definitely suffered a huge loss, in his leadership", said one of the employees at Yahoo, referring to the previous CEO. Yahoo's stock price's hit the rock bottom of an 8 dollars, when compared with it's highest prices of $29 to $32 this year. Moreover, the company is to fire 1,500 employees working under it, the cause of which being the recent economic depression.

If Yahoo continues it's regime in such a degrading manner, it will soon have to be sold to Microsoft, offering "a lot more that it's worth", to buy Yahoo.