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Yahoo! - Wikipedia. Yahoo! is a web services provider, wholly owned by Verizon Communications through Oath Inc.[7][8] and headquartered in Sunnyvale, California. The original Yahoo! Jerry Yang and David Filo in January 1. March 2, 1. 99. 5.[9][1. Yahoo was one of the pioneers of the early Internet era in the 1.

Marissa Mayer, a former Google executive, served as CEO and President of Yahoo until June 2. It was globally known for its Web portal, search engine. Yahoo! Search, and related services, including Yahoo! Directory, Yahoo! Mail, Yahoo! News, Yahoo! Finance, Yahoo! Groups, Yahoo!

Answers, advertising, online mapping, video sharing, fantasy sports, and its social media website. At its height it was one of the most popular sites in the United States.[1. According to third- party web analytics providers, Alexa and Similar.

Web, Yahoo! was the highest- read news and media website, with over 7 billion views per month, being the sixth most visited website globally in 2. According to news sources, roughly 7. Yahoo websites every month.[1. Yahoo itself claimed it attracted "more than half a billion consumers every month in more than 3. Once the most popular website in the U. S., Yahoo slowly started to decline since the late 2.

Verizon Communications acquired most of Yahoo's Internet business for $4. Alibaba Group and Yahoo! Japan which were transferred to Yahoo's successor company Altaba.[2. History. Founding. Jerry Yang and David Filo, the founders of Yahoo. In January 1. 99.

Yang and Filo were electrical engineering graduate students at Stanford University, when they created a website named "Jerry and David's guide to the World Wide Web".[2. The site was a directory of other websites, organized in a hierarchy, as opposed to a searchable index of pages. In March 1. 99. 4, "Jerry and David's Guide to the World Wide Web" was renamed "Yahoo!",[2. Yahoo! Directory, provided for users to surf through the Internet, being their first product and original purpose.[2. The "yahoo. com" domain was created on January 1.

The word "yahoo" is a backronym for "Yet Another Hierarchically Organized Oracle"[2. Yet Another Hierarchical Officious Oracle".[2. The term "hierarchical" described how the Yahoo database was arranged in layers of subcategories. The term "oracle" was intended to mean "source of truth and wisdom", and the term "officious", rather than being related to the word's normal meaning, described the many office workers who would use the Yahoo database while surfing from work.[3. However, Filo and Yang insist they mainly selected the name because they liked the slang definition of a "yahoo" (used by college students in David Filo's native Louisiana in the late 1. Southerner): "rude, unsophisticated, uncouth."[3. This meaning derives from the Yahoo race of fictional beings from Gulliver's Travels.

Expansion. Yahoo grew rapidly throughout the 1. Like many search engines and web directories, Yahoo added a web portal. By 1. 99. 8, Yahoo was the most popular starting point for web users[3. Yahoo Directory the most popular search engine.[2. It also made many high- profile acquisitions. Its stock price skyrocketed during the dot- com bubble, Yahoo stocks closing at an all- time high of $1. January 3, 2. 00.

However, after the dot- com bubble burst, it reached a post- bubble low of $8. September 2. 6, 2. Yahoo headquarters in 2.

Yahoo began using Google for search in 2. Over the next four years, it developed its own search technologies, which it began using in 2. In response to Google's Gmail, Yahoo began to offer unlimited email storage in 2. The company struggled through 2. In February 2. 00. Microsoft Corporation made an unsolicited bid to acquire Yahoo for $4.

Yahoo formally rejected the bid, claiming that it "substantially undervalues" the company and was not in the interest of its shareholders. Three years later Yahoo had a market capitalization of $2. Watch A Knight`S Tale Online A Knight`S Tale Full Movie Online. Carol Bartz replaced Yang as CEO in January 2. In September 2. 01.

Yahoo by the company's chairman Roy Bostock, and CFO Tim Morse was named as Interim CEO of the company. In early 2. 01. 2, after the appointment of Scott Thompson as CEO, rumors began to spread about looming layoffs. Several key executives, such as Chief Product Officer Blake Irving, left.[3. On April 4, 2. 01. Yahoo announced a cut of 2,0. The cut was expected to save around $3. In an email sent to employees in April 2.

Thompson reiterated his view that customers should come first at Yahoo. He also completely reorganized the company.[3. On May 1. 3, 2. 01. Yahoo issued a press release stating that Thompson was no longer with the company, and would immediately be replaced on an interim basis by Ross Levinsohn, recently appointed head of Yahoo's new Media group.[3. Thompson's total compensation for his 1. Yahoo was at least $7.

On July 1. 6, 2. 01. Marissa Mayer was appointed President and CEO of Yahoo, effective the following day.[4. On May 1. 9, 2. 01. Yahoo board approved a $1. Tumblr. Tumblr's CEO and founder David Karp would remain a large shareholder. The announcement reportedly signified a changing trend in the technology industry, as large corporations like Yahoo, Facebook, and Google acquired start- up Internet companies that generated low amounts of revenue as a way in which to connect with sizeable, fast- growing online communities.

The Wall Street Journal stated that the purchase of Tumblr would satisfy Yahoo's need for "a thriving social- networking and communications hub."[4. On May 2. 0, the company announced the acquisition of Tumblr officially.[4. The company also announced plans to open a San Francisco office in July 2. On August 2, 2. 01.

Yahoo acquired Rockmelt; its staff was retained, but all of its existing products were terminated.[4. Data collated by com.

Score during July 2. U. S. visited Yahoo websites during the month in comparison to Google; the occasion was the first time that Yahoo outperformed Google since 2. The data did not count mobile usage, nor Tumblr.[4. In November 2. 01.

Yahoo! announced that it would acquire the video advertising provider Bright. Roll for $6. 40 million.[5.

On November 2. 1, 2. Yahoo had acquired Cooliris.[5. Decline, security breaches, Verizon purchase. By the fourth quarter of 2.

Marissa Mayer took over as president in July 2. November 2. 01. 3.[5. It did go up to $3. December 2, 2. 01.

Mayer, whether to sell the struggling Internet business,[5. China's Alibaba e- commerce site.[5.

Not all had gone well during Mayer's tenure, including the $1. Tumblr that had yet to prove beneficial and the forays into original video content that led to a $4. Sydney Finkelstein, a professor at Dartmouth College's Tuck School of Business, told The Washington Post that sometimes, "the single best thing you can do .. The closing price of Yahoo!

Inc. on December 7, 2. The Wall Street Journal's Douglas Mac. Millan reported on February 2, 2. Yahoo's CEO Marissa Mayer was expected to cut 1. On July 2. 5, 2. 01. Verizon Communications announced that it had agreed to purchase Yahoo's core Internet business for $4. Following the conclusion of the purchase, these assets will be merged with AOL to form a new entity known as Oath; Yahoo, AOL, and Huffington Post will continue to operate under their own names, under the Oath umbrella.[6.

The deal excludes Yahoo's 1. Alibaba Group and 3. Yahoo! Japan; following the completion of the acquisition, these assets will be retained under the name Altaba, with a new executive team.[6. On September 2. 2, 2. Yahoo disclosed a data breach that occurred in late 2. The United States have indicted four men, including two employees of Russia's Federal Security Service (FSB), for their involvement in the hack.[6.

On December 1. 4, 2. The company stated that hackers had utilized stolen internal software to "forge" cookies.[7. In response to these breaches, Bloomberg News reported that Verizon was attempting to re- negotiate the deal to reduce the purchase price by $2. Yahoo stock prices.[7. On February 2. 1, 2. Verizon agreed to lower its purchase price for Yahoo!

On June 8, 2. 01.