Yahoo CEO Marissa Mayer recently held a live video stream of Yahoo's second quarter earnings. However, it remained another uninspiring earnings report. After a year at the helm, Mayer still has a lot of work ahead before she can declare mission accomplished.
Yahoo's second-quarter results show Yahoo Inc.'s earnings climbed 46 percent, thanks to a major boost from an investment in Chinese Internet company Alibaba. But Yahoo's revenue fell 7 percent from last year, highlighting a recurring problem despite progress in the past year under CEO Marissa Mayer.
Not much had been going right for Yahoo until it lured Marissa Mayer away from Google to become its CEO last summer. The move is shaping up as the best thing to happen to Yahoo since 2005 when it invested $1 billion in what was then a little-known Internet company in China, Alibaba.