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Yahoo Is Tanking Pre-Market

Jay YarowJan 29, 2015, 18:21 IST

Alibaba sneezes and Yahoo gets a cold. Or something like that.

Alibaba delivered a weaker than expected earnings report, which sent Alibaba shares falling by 6.7% in pre-market trading.

As a knock-on effect, Yahoo is tanking itself. It's down 5% in pre-market trading.

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Yahoo owns 15% of Alibaba, so it is pretty much just a tracking stock for Alibaba at this point. It's not surprising that Yahoo is falling.

More to come ...