Yahoo shares dropped to their lowest level in five years on Thursday, plummeting 8 percent to $12.65 amid continuing economic chaos.
It was Yahoo's lowest level since the summer of 2003, when the company was recovering from the bursting of the Internet bubble.
Yahoo is facing numerous challenges as it tries to regain investor confidence after an acquisition deal with Microsoft earlier this year fell through. Microsoft made an unsolicited bid for Yahoo valued at $31 a share.
Yahoo's premium display business is being affected by a slow-down by advertisers such as financial companies and automakers.
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