With Yahoo shares up nearly 60 per cent since Marissa Mayer took over as chief executive, shareholders face a company rejuvenated with optimism. Photo: Reuters
Yahoo met with shareholders today in what was a more celebratory gathering than years past.
With Yahoo shares up nearly 60 per cent since Marissa Mayer took over as chief executive, shareholders face a company rejuvenated with optimism.
Shares of Yahoo rose more than 3 percent to $US24.90 in midday trading.
Mayer said that the company is continuing its advances in mobile, noting that its development comes first.
She pointed to the recent product makeovers of Yahoo Weather and Flickr apps, saying the photo-sharing site's mobile app has seen a 50 per cent increase in photo uploads, according to a report from CNBC.
Mayer has been acquiring mobile properties since she began at Yahoo in July as well. Last month, Yahoo acquired photo-sharing service Tumblr for $US1.1 billion. Before that the Web giant grabbed Summly, a new reader created by a teenager.
Yahoo's CEO said that she is also committed to making the company a more attractive place to work in a bid to win over talent.
Shareholders approved the appointment of 10 nominees to the board of directors, the company's executive compensation, and the appointment of PricewaterhouseCoopers as its auditing firm.
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