Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Why Yahoo! Inc. (YHOO) Is Hosting A Mobile Developer Conference: Mark Mahaney

Yahoo! Inc. (NASDAQ:YHOO) is hosting its first ever mobile developers conference, an event that Mark Mahaney of RBC Capital Markets says the company needs to ace.

In an interview with CNBC, Mahaney said that Yahoo! Inc. (NASDAQ:YHOO) is hosting this event to evolve with the times.

“[If] you’re one of the leading internet assets out there, you have to have a good mobile strategy. That’s why Yahoo needs to host a mobile developer conference. It has to show that it has mobile chops, not only for consumers and advertisers, but also for developers,” Mahaney said.

According to Josh Lipton who is at the event floor in San Francisco, Yahoo! Inc. (NASDAQ:YHOO) and CEO, Marissa Mayer, may be seeing the fruits of their labor when it comes to the company’s mobile push. He said that the internet company saw their mobile revenue jump 23% in the fourth quarter of 2014.

Yahoo, is YHOO a good stock to buy, Josh Lipton, Jon Fortt, Mark Mahaney, Marissa Mayer, mobile developers conference, San Francisco,

However, when taken into context, the numbers generated by the company from mobile is still dwarfed by numbers put out by its peers.

“Still, Yahoo has a way to go before it is thought of here as a true mobile ad leader. This year, Yahoo’s mobile ad revenues will account for just 4% of the overall market. You compare that to 35% for Google [and] 17% for Facebook,” he said.

Yahoo! Inc. (NASDAQ:YHOO)’s stock has struggled because of stiff competition, Lipton noted. Nonetheless, he added that the stock has been up about 15% in the past year.

Yahoo! Inc. (NASDAQ:YHOO) shareholders includes James Dinan’s York Capital which owned about 9.4 million shares by the end of 2014. The institutional investor just bought that stake during the fourth quarter.


I just made 84% in 4 daysI Just Made 84% in 4 Days By Blindly Following This Hedge Fund

I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.