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A top Wall Street analyst slams Yahoo amid reports of Warren Buffett's buyout interest
A top Wall Street analyst slams Yahoo amid reports of Warren Buffett's buyout interest
Eugene KimMay 17, 2016, 01:13 IST
Business Insider / Michael Seto
RBC Capital's Mark Mahaney slammed Yahoo's business prospects in a CNBC interview on Monday, questioning why billionaire investor Warren Buffett would be interested in possibly backing a bid for the embattled internet giant.
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Mahaney pointed to the growing duopoly of Facebook and Google in online advertising.
He doesn't see a place for Yahoo in this industry, as evidenced by its years of stagnant growth.
