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Stocks post-lock-up decline was second biggest since January 2011.
Company will revamp its board, in a victory for activist investor Loeb.
Plan ensures founders control of company, cuts shareholders out of the loop.
Chairman Bostock departs in shakeup aimed at spurring turnaround.
Yahoo may pursue buyers for its stakes in Alibaba and Yahoo Japan.
Deal would value networking site at more than $100 bln.