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The Real Reason Yahoo Purchased Blink, and What That Means for YHOO Stock
Yesterday, Yahoo Inc. (Nasdaq: YHOO) acquired Blink, a mobile-messaging app that allows users to send texts, pictures, and videos that self-destruct after an allotted period of time.
The acquisition fits into Yahoo's trend of buying small mobile companies in hopes of further strengthening its share of the mobile market.
Yesterday, Yahoo Inc. (Nasdaq: YHOO) acquired Blink, a mobile-messaging app that allows users to send texts, pictures, and videos that self-destruct after an allotted period of time.
The acquisition fits into Yahoo's trend of buying small mobile companies in hopes of further strengthening its share of the mobile market.