'''Yahoo! Inc.'''[3] 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.[4][5] Yahoo was one of the pioneers of the early internet era in the 1990s.[6] Marissa Mayer, a former Google executive, was CEO and president of Yahoo from July 2012 until June 2017.[7]
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.[8] According to third-party web analytics providers, Alexa and SimilarWeb, Yahoo! was the highest-read news and media website, with over seven billion views per month, being the sixth most visited website globally in 2016[9][10][11] According to news sources, roughly 700 million people visited Yahoo websites every month.[12][13] Yahoo itself claimed it attracted "more than half a billion consumers every month in more than 30 languages".[14]
Once the most popular website in the U.S., Yahoo slowly started to decline since the late 2000s,[15] 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[16]—the company was once valued at over $100 billion. Before the transaction was completed, the company expected to change its name to Altaba Inc.[17] 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.[18][19]
History
Founding
In January 1994, 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".[20][21] The site was a directory of other websites, organized in a hierarchy, as opposed to a searchable index of pages. In March 1994, "Jerry and David's Guide to the World Wide Web" was renamed "Yahoo!",[22][23] the human-edited Yahoo! Directory, provided for users to surf through the internet, being their first product and original purpose.[24][25]
Products and services
Yahoo operated a portal that provides the latest news, entertainment, and sports information. The portal also gave users access to other Yahoo services like Yahoo! Search, Yahoo Mail, Yahoo Maps, Yahoo Finance, Yahoo Groups and Yahoo Messenger.
Communication
Yahoo provided Internet communication services such as Yahoo Messenger and Yahoo Mail. As of May 2007, its e-mail service would offer unlimited storage.[75]
Yahoo provided social networking services and user-generated content, including products such as My Web, Yahoo Personals, Yahoo 360°, Delicious, Flickr, and Yahoo Buzz. Yahoo closed Yahoo Buzz, MyBlogLog, and numerous other products on April 21, 2011.[76]
Privacy
In September 2013, Yahoo's transparency report said the company received 29 thousand requests for information about users from governments in the first six months of 2013. Over 12 thousand of the requests came from the United States.[128]
In October 2013, The Washington Post reported that the U.S. National Security Agency intercepted communications between Yahoo's data centers, as part of a program named Muscular.[129][130]
In late January 2014, Yahoo announced on its company blog that it had detected a "coordinated effort" to hack into possibly millions of Yahoo Mail accounts. The company prompted users to reset their passwords, but did not elaborate on the scope of the possible breach, citing an ongoing federal investigation.[131]
Storing personal information and tracking usage
Criticism
In 2000, Yahoo was taken to court in France by parties seeking to prevent French citizens from purchasing memorabilia relating to the Nazi Party.[139] In March 2004, Yahoo launched a paid inclusion program whereby commercial websites were guaranteed listings on the Yahoo search engine.[140] Yahoo discontinued the program at the end of 2009.[141] Yahoo was criticized for providing ads via the Yahoo ad network to companies who display them through spyware and adware.[142][143]
Yahoo, as well as other search engines, cooperated with the Chinese government in censoring search results. In April 2005, dissident Shi Tao was sentenced to 10 years in prison for "providing state secrets to foreign entities"
Management
Board of Directors
- David Filo (2014) – Co-founder, Chief Yahoo and Director, Yahoo Inc.!
- Sue James (2010) – Retired Partner, Ernst & Young LLP
- Max Levchin (2012) – chairman and CEO, HVF, LLC
- Marissa Mayer (2012) – CEO, Yahoo! Inc.
- Thomas J. McInerney (2012) – Former Executive Vice President and Chief Financial Officer, IAC/InterActiveCorp
- Charles R. Schwab (2014) – chairman, the Charles Schwab Corporation.
- H. Lee Scott, Jr. (2014) – Retired President and chief executive officer, Wal-Mart Stores
- Jane E. Shaw (2014) – Retired Chairman of the Board, Intel
Yahoo International
Yahoo offers a multilingual interface. The site is available in over 20 languages.
Yahoo held a 34.75% minority stake in Yahoo Japan, while SoftBank held 35.45%.[169] Yahoo!Xtra in New Zealand, which Yahoo!7 held 51% of and Telecom New Zealand held 49% of. Yahoo!7 in Australia was a 50–50 agreement between Yahoo and the Seven Network. Historically, Yahoo entered into joint venture agreements with SoftBank for the major European sites (UK, France and Germany) and well as South Korea and Japan. In November 2005, Yahoo purchased the minority interests that SoftBank owned in Europe and Korea.
On March 8, 2011, Yahoo launched its Romania local service after years of delay due to the 2008 financial crisis.[170][171][172]
Logos and themes
The first logo appeared when the company was founded in 1994—it was red with three icons on each side.[179] The logo used on the Yahoo home page formerly consisted of the color red with a black outline and shadow; however, in May 2009, together with a theme redesign, the logo was changed to purple without an outline or shadow. This change also applied to several international Yahoo home pages. In some countries, most notably Yahoo!7 (of Australia), the logo remained red until 2014.[180] On occasion the logo is abbreviated: "Y!"[181]
On August 7, 2013, at around midnight EDT, Yahoo announced that the final version of the new logo would be revealed on September 5, 2013, at 4:00 a.m. UTC. In the period leading up to the unveiling of the new logo, the "30 Days of Change" campaign was introduced, whereby a variation of the logo was published every day for the 30 days following the announcement.[182][183]
See also
- List of search engines
- List of web analytics software
- Yahoo! litigation
- Yahoo! Messenger Protocol
External links
- http://world.yahoo.com Directory for all of the Yahoo International
References
- Yahoo! Inc. Financial Statements Google.com^
- Yahoo's Q4 Earnings Yahoo!, July 25, 2016^
- Business Search – Business Entities – Business Programs – California Secretary of State businesssearch.sos.ca.gov