Tuesday, January 6th, 2009
1:58 PM on June 25th, 2008
Rumor Sends Yahoo Shares Up, Then Down.
Whoops—that rumor TechCrunch reported yesterday about the Microsoft-Yahoo talks being back on? So not true. Nonetheless, the rumor shook up the stock market yesterday—demonstrating just how powerful certain blogs have become. Yahoo shares rose 11% after the rumors appeared online, but dropped again after CNBC reported that the story was bogus to finish at $21.80 a share. TechCrunch maintains that something is going on though. Stay tuned.

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