Just a quick celebration - Microsoft has given up on its takeover offer for Yahoo.

I am relieved. I always thought that was about the stupidest idea ever, and it appears that even Ballmer may have figured it out.

Some are saying that they are just waiting for the price to go down to pounce again ... so we shall see.

Oddly enough, I expected the Yahoo stock to tank, but it's still up for the day. I wonder what this means, since Yahoo is already at about the price of the last offer Microsoft made for it. So why isn't it crashing?

D

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