By: Adam ZagorskiThe Yahoo Finance team will continue to invest, as we continue to grow our business, and we expect to reach profitability in the first half of 2019.
Our new strategy has two major features: one is our own equity investment.
As part of our new plan, we will be adding two additional equity investors to our board of directors: the company’s largest shareholder and a partner at the firm.
The company’s top two shareholders will each receive a 2% stake in the company.
The second investor will receive 1% and 1.5% respectively.
The first investment will have an initial $50 million valuation, which is roughly equivalent to a 7% annual return on a stock portfolio.
The other investment will be $300 million, which gives the company an additional 3% annualized return on an identical portfolio.
We will be launching a new website to highlight and explain our strategy, and a mobile app that will help investors track the performance of our business.
We are also looking to launch additional investment vehicles to add additional liquidity to our business and add to our liquidity needs.
The second feature is our first public offering.
Yahoo Finance will go public on March 10, 2019, with the intention of providing a better, more flexible and more reliable way to access and invest in the Yahoo Finance business.
As part of the offering, we are also launching a strategic partnership with Yahoo!
The partnership will provide a new platform for investors to connect with a Yahoo Finance advisor, and help them build the Yahoo finance portfolio that they see as the best for their investment needs.
As we continue expanding our portfolio, we’ll also continue to diversify our business so that we can better meet our investors’ needs and growth goals.
With our recent success in the past year, we believe this strategy will provide the company with additional opportunities to grow and create value for our investors.
More to come in this blog series.