Yahoo Finance was one of the first financial services companies to go public in 2007.
Now it’s one of those companies that’s seeing its stock go up as the government’s debt load increases.
Bloomberg Businessweek’s Steven Mnuchin recently told reporters that Yahoo has “been doing very well” over the past two years.
The company has $12 billion in cash on hand as of Sept. 30.
“We have been doing very, very well, and we’ve had a great start,” Mnuchin said.
“There’s nothing wrong with us.
We’re very profitable.
We’ve been able to do what we’ve been doing and to have a good financial year.”
Yahoo Finance’s stock has risen more than 2,000 percent since the start of the year.