Yahoo! Inc. (1995–2017)
American technology company / From Wikipedia, the free encyclopedia
The original incarnation of Yahoo! Inc. was an American multinational technology company headquartered in Sunnyvale, California. Yahoo was founded by Jerry Yang and David Filo in January 1994 and was incorporated on March 2, 1995. Yahoo was one of the pioneers of the early internet era in the 1990s. Marissa Mayer, a former Google executive, served as CEO and President of Yahoo until June 2017.
|Founded||January 1994 (as Jerry and David's Guide to the World Wide Web)|
March 2, 1995
|Defunct||June 17, 2017|
|Fate||Its internet business sold to Verizon Communications, this company changed its name to Altaba|
|Revenue||US$5.16 billion (2016)|
|US$-645 million (2016)|
|US$-214 million (2016)|
|Total assets||US$48.08 billion (2016)|
|Total equity||US$31.04 billion (2016)|
Number of employees
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. According to third-party web analytics providers, Alexa and SimilarWeb, Yahoo! was the highest-read news and media website, with over 7 billion views per month, being the sixth most visited website globally in 2016 According to news sources, roughly 700 million people visited Yahoo websites every month. Yahoo itself claimed it attracted "more than half a billion consumers every month in more than 30 languages".
Once the most popular website in the U.S., Yahoo slowly started to decline since the late 2000s, and on February 21, 2017, Verizon Communications announced its intent to acquire old Yahoo's internet business (excluding its stakes in Alibaba Group and Yahoo! Japan) for $4.48 billion—the company was once valued at over $100 billion. Before the transaction was completed, the company expected to change its name to Altaba Inc. Verizon completed its acquisition of the old iteration of Yahoo! Inc's internet business on June 13, 2017. Verizon announced that the old Yahoo! Inc's internet assets would be combined under a new subsidiary, Oath, which later became known as Verizon Media in 2019 and eventually renamed to the current iteration of Yahoo! Inc. in 2021.