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Tuesday, January 6th, 2009
articles.php?which=JerryYangCantCatchABreak
Jerry Yang Can't Catch A Break.

-It's been a tough week for Yahoo. Not only was its stocks in the tank, but they decided to ax Mash, Yahoo's stab at a social networking service that launched just a year ago. Mash—which offered "mashups" over various web services (email, instant messaging) in one place—was created in response to a failed deal between Yahoo and Facebook back in 2006. While we never used it, the site is apparently best known for "sporting a Darth Vader playing guitar and eating a banana image when it was in private beta," says TechCrunch. Need we say more about the reasons for its demise?

-Cell phone maker Nokia stumbled this week, announcing that they're downgrading their third quarter outlook. Naturally, its stock plummeted in response. Damn iPhone.

-Perhaps the biggest hit of the week, though, was taken by the nation's workforce. Joblessness is at 6.1%, a near five-year high, the Labor Department announced today. That figure was higher than what Wall Street economists had predicted, and raises the risk of recession. This is the eighth straight month that employment has declined, according to Labor Department stats. Er, happy Friday?

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