Progress being made towards sale: Yahoo CEO Marissa Mayer

Yahoo CEO Marissa Mayer attended what could be the last shareholders meeting for Yahoo, and reassured investors about the progress the company was making. This progress can be encapsulated by increasing the number of mobile users and revenue throughout her four-year term as the CEO while launching several products.

During the meeting she said, “We’re continuing to make great progress,” annual shareholder meeting on Thursday, adding that on a personal note, she’s “been very heartened by the level of interest in Yahoo.” She went on to add that the reason of not growing and overtaking the competition is because of the “very competitive space” According to Jan Dawson as reported by CNN Money a technology analyst with Jackdaw Research, the entire effort to reach out to the shareholders so that she can protect her legacy. This period of scrutiny came right after the initial honeymoon period with investors and shareholders because of the deal with Alibaba which went public in September 2014.

Mayers said, “Yahoo’s management team and our board are fully aligned with one clear priority: delivering shareholder value to all of you.” She further added, “We have no announcements today, but we are continuing to make great progress on our process,” clarifying that there are no updates to be shared about the ongoing sale process.