The Yahoo CEO tweeted that she, the twins and her husband, Zachary Bogue, are “doing great”.
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The Yahoo CEO announced on Thursday that she has given birth to identical twin girls. Mayer posted on her Tumblr page.
Yahoo CEO Marissa Mayer during her keynote address at the Consumer Electronics Show in Las Vegas on January 7, 2014.
PayPal co-founder and board member Max Levchin is stepping down, but reaffirmed his confidence in Mayer and Yahoo in a statement published to Twitter on Thursday.
“This means they have squandered an entire year and now it’s going to take another year while the core business continues to get weaker”, BGC Financial analyst Colin Gillis said. It also may raise more doubts about whether Mayer will be able to turn around Yahoo, even though company Chairman Maynard Webb said Wednesday that the board of directors remains in her corner after three-and-half years on the job. Ms Mayer faced criticism in some quarters after taking just two weeks off after his birth in 2012 – shortly after she had joined Yahoo.
Mayer has previously said she would take limited time away as she works toward turning around the company’s struggling online ad business.
CNBC anchor David Faber offered Mayer well-wishes, which she thanked him for. Its properties are frequented by more than 1 billion active users each month, and more than 600 million of those years are on mobile, the company says.
Earlier this week we looked the latest scuttlebutt surrounding both the fate of Yahoo! and Mayer herself. That’s the value of what Mayer’s package was estimated to be if she was terminated without cause and if there was a “change-in-control” of the company, such as a sale or merger.
Bottom line: Yahoo’s (NASDAQ:YHOO) reversal of its earlier decision to spin off its 15 percent of Alibaba into a separate company will have no impact on Alibaba (NYSE:BABA), which is indicating separately that it will hold onto its own big stake in Uber China rival Didi Kuaidi. As many believe that most of Yahoo’s current market value comes from those Asian investments.
Yahoo’s board will instead focus on a new plan to spin off Yahoo’s core business and its stake in Yahoo Japan into a separate, publicly traded company. The largest, paid to Gillette CEO James Kilts in 2005, was $164.5 million (roughly Rs. 1,098 crores).
Yahoo’s market value based on its share price is more than United States dollars 32 billion, but most of that is based on the value of its Alibaba holdings.
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She employed a similar tactic with her son, angering maternity leave activists.
