Not long after Microsoft withdrew their bid for the failing business yahoo, after considerable time effort and in my opinion over priced bids, did yahoo feel the sting.

Share prices in yahoo are estimated to drop by around 23% or more. This is now putting extreme pressure on Jerry Yang to show that his business, which started in a trailer in silicone valley, is actually worth more then the $47 billion Microsoft valued it at.

Yahoo’s shares tumbled more than 23 percent, or $6.67, to $22 in premarket trading which is now $11 dollars a share less then Microsoft was willing to pay. Microsoft, on the other hand, had a 4.3 percent rise in their shares recuperating the 10% drop it had from worrying investors.

I don’t like Yahoo’s search engine, but I do like the fact they told ‘goliath’ no.