While Yahoo’s share price has not exactly performed according to the expectations of some even with Ms. Mayer at the helm, this does not mean that the company is in trouble so deep that it cannot dig itself out, and neither are they so short on money, they cannot purchase other companies. Apparently, Yahoo has reportedly purchased the company known as Tomfoolery, where upon confirmation of this acquisition by the Internet search giant, Tomfoolery is said to shut down its current business – and that would include its very own social networking app known as Anchor. It however, remains unclear whether Tomfoolery’s core concepts will return as a consumer product, or will it be integrated into Yahoo’s own products? Only time will be able to tell.
Yahoo Could Have Purchased Tomfoolery original content from Ubergizmo.