Internet ETFs Follow Yahoo Lower After Restructuring
May 11, 2011 at 12:16 PM EDT
Internet-sector exchange traded funds fell Wednesday along with top holding Yahoo (NasdaqGS: YHOO) after the company in a filing said the ownership of Alibaba Group’s online payment business, Alipay, was restructured. Yahoo has an ownership stake in Alibaba. The stock was down nearly 6%. Yahoo in...
