Life officially 100% sucks for Yahoo right now. Microsoft decided to back out from buying Yahoo. Guess what happened. The stockholders decided to give Yahoo a good swift kick in the ass, i.e. the stocks dived and dived hard.

As far as Microsoft is concerned, their stocks actually edged up.

Will Yahoo recover from this? Unknown at this point; it depends what they decide to do next.

If you are a Yahoo user (and that includes Flickr users by the way,) you might want to consider backing up your stuff locally to your computer. Just a word to the wise. It’s smart to do it anyway even if Yahoo was doing well.

[Source: The New York Times]