Yahoo Finance: Yahoo Finance ‘No More’ to Pay Employees to Engage in Fake Ads
CNBC, June 12, 2018 9:50:52The stock is down 5.4% today and it is the worst performing index on the list.
The Dow Jones Industrial Average is down 2,300.3 points.
Investors are betting that a new version of the platform, called “Yahoo Finance” will help the company make money.
Yahoo says that it will pay its employees to create fake news stories on its platforms, using the company’s own data.
In return, the company says it will get paid $1 for every 1,000 posts that it sees.
The company says that this new version will help generate revenue by allowing people to create more stories.
The companies’ new platform, which has already seen more than 20 million daily page views, has a $20 million valuation.
The company is not disclosing how much revenue it has generated so far.