Yahoo Plunges In Last Minute Trade On Word That IRS Will Review Spinoffs

In the last minute or so of trading today, Yahoo (YHOO) dropped 7.5% on huge volume. At the same time Alibaba (BABA) spiked. Readers will recall that Yahoo is spinning off its stake in Alibaba together with its small business unit. The move is expected to save billions of dollars in taxes. Though scant information is available, Twitter… Read More »