Yahoo Stock Plunge Erases $10.4 Billion In Shareholder Value...

Associated Press MICHAEL LIEDTKE July 19, 2006 at 08:07 PM
READ MORE: Tom DeLay, Yahoo!

Yahoo's stock price plunged by nearly 22 percent Wednesday, marking its largest one-day drop ever after the Internet powerhouse postponed a pivotal change to the advertising formula that propels its profits.

The Sunnyvale, Calif.-based company jarred Wall Street with the unexpected delay late Tuesday after announcing solid second-quarter results that mirrored analyst estimates.

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