Yahoo has posted its first quarter financial figures and has disappointed the market.
Yahoo's profit disappoints.
Although sales were up 9% to $1.18 billion, profits fell 11% to $142 million.
Its early days but the much heralded Panama system has yet to show any significant impact.
The same report announces that Google is expected to unveil a 73% uplift in revenue for the same period.
In my opinion, with Google taking market share, Panama won't solve the basic problem. People prefer to search with Google.