Yahoo is a well-known American web services provider, known for its web portal, search engine, and a variety of online services. Here are some key points about Yahoo:
History
- Yahoo was founded by Jerry Yang and David Filo in January 1994 while they were students at Stanford University.
- The company's original name was "Jerry and David's Guide to the World Wide Web," but it was soon renamed to Yahoo, which is an acronym for "Yet Another Hierarchical Officious Oracle."
- In 1995, Yahoo incorporated and received its first investment from Sequoia Capital.
- By 1996, Yahoo became a public company through an initial public offering (IPO), which was one of the most significant IPOs in the tech industry at the time.
Services and Features
- Yahoo Search: Although it was once the market leader, it now powers its search results through Bing technology.
- Yahoo Mail: One of the world's largest email platforms with features like unlimited storage, ad-free experience, and integration with other Yahoo services.
- Yahoo Finance: A popular financial news and data website, providing real-time stock quotes, financial reports, and more.
- Yahoo News: An online news aggregation site with original content, news feeds, and personalized news streams.
- Yahoo Sports: Offers comprehensive sports news, live game coverage, and fantasy sports leagues.
- Yahoo Entertainment: Provides entertainment news, celebrity gossip, and media content.
Corporate Developments
- In 2017, Verizon Communications acquired Yahoo's core internet assets for $4.48 billion as part of its strategy to expand its digital media portfolio.
- Post-acquisition, Yahoo became part of Oath, later renamed Verizon Media, which was then rebranded to Yahoo again in 2021 under Apollo Global Management's ownership after Verizon sold the media assets.
- Yahoo has faced numerous challenges including data breaches, executive turnovers, and competition from other tech giants like Google and Microsoft.
Notable Events
- The company experienced significant data breaches in 2013 and 2014, affecting billions of user accounts, which led to major security overhauls.
- Yahoo has been instrumental in shaping the internet culture with features like the Yahoo Auction, which was one of the earliest online auction sites, and Yahoo Messenger, which was a pioneer in instant messaging.
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