SAN FRANCISCO — Yahoo’s revenue in the second quarter rose 15 percent, the company said on Tuesday. But it spent heavily to achieve the gains, wiping out all of its profits and then some. Executives also warned that expenses would continue to be high through the rest of the year.
“We are investing heavily to grow market share through traffic acquisition,” Marissa Mayer, Yahoo’s chief executive, said in a conference call with investors to discuss the results.
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