Yahoo!: Difference between revisions
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'''Yahoo | |||
'''Yahoo''' is an American [[web service]]s provider. It is headquartered in [[Sunnyvale, California]], and operated by the namesake company [[Yahoo! Inc. (2017–present)|Yahoo! Inc.]], which is 90% owned by [[investment fund]]s managed by [[Apollo Global Management]] and 10% by [[Verizon Communications]]. | |||
It provides a [[web portal]], search engine [[Yahoo Search]], and related services, including [[My Yahoo]], [[Yahoo Mail]], [[Yahoo News]], [[Yahoo Finance]], [[Yahoo Sports]] and its advertising platform, [[Yahoo Native]]. | |||
Yahoo was established by [[Jerry Yang]] and [[David Filo]] in January 1994 and was one of the pioneers of the early Internet era in the 1990s.<ref>{{cite web|url=https://www.nytimes.com/2016/07/25/business/yahoo-sale.html|title=Yahoo's Sale to Verizon Ends an Era for a Web Pioneer|date=July 25, 2016|work=The New York Times|access-date=February 23, 2017|archive-url=https://web.archive.org/web/20170216035326/https://www.nytimes.com/2016/07/25/business/yahoo-sale.html|archive-date=February 16, 2017|url-status=live}}</ref> However, its use declined in the 2010s as some of its services were discontinued, and it lost market share to [[Facebook]] and [[Google]].<ref name="telegraph.co.uk">{{cite news|url=https://www.telegraph.co.uk/technology/2016/07/25/yahoo-9-reasons-for-the-internet-icons-decline/ |title=Yahoo: 9 reasons for the internet icon's decline|access-date=April 4, 2018|archive-url=https://web.archive.org/web/20180417065710/https://www.telegraph.co.uk/technology/2016/07/25/yahoo-9-reasons-for-the-internet-icons-decline/|archive-date=April 17, 2018|url-status=live|newspaper=[[The Daily Telegraph]] |date=July 25, 2016|last=McGoogan|first=Cara}}</ref><ref>{{Cite web| url=https://www.fastcompany.com/40544277/the-glory-that-was-yahoo| title=The Glory That Was Yahoo| date=March 21, 2018| access-date=January 10, 2019| archive-date=December 2, 2020| archive-url=https://web.archive.org/web/20201202065329/https://www.fastcompany.com/40544277/the-glory-that-was-yahoo| url-status=live}}</ref> | |||
==History== | ==History== | ||
Yahoo! was | ===Founding=== | ||
[[File:Jerry Yang and David Filo.jpg|thumb|[[Jerry Yang]] and [[David Filo]], the founders of Yahoo]] | |||
[[File:Yahoo screenshot 1994.png|thumb|The Yahoo home page in 1994, when it was a directory, a [[search engine]] was added in 1995]] | |||
In January 1994, [[Jerry Yang]] and [[David 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".<ref>{{cite web |url=http://yhoo.client.shareholder.com/press/timeline.cfm |title=Yahoo! Inc. – Company Timeline |archive-url=https://web.archive.org/web/20080713214826/http://yhoo.client.shareholder.com/press/timeline.cfm |archive-date=July 13, 2008 |access-date=July 19, 2016 }}</ref><ref name="How Jerry">{{cite news|title=How Jerry's guide to the world wide web became Yahoo|newspaper=[[The Guardian]]|location=London |url=https://www.theguardian.com/business/2008/feb/01/microsoft.technology|access-date=May 23, 2012|archive-url=https://web.archive.org/web/20131005052548/http://www.theguardian.com/business/2008/feb/01/microsoft.technology |archive-date=October 5, 2013 |url-status=live |last=Clark |first=Andrew |date=February 1, 2008}}</ref><ref>{{cite web |url=https://news.yahoo.com/photos/20-years-of-yahoo-1425235248-slideshow/yahoo-celebrates-20th-anniversary-photo-1425250631030.html |title=Yahoo! celebrates 20th anniversary |website=Yahoo News |date=March 1, 2015 |archive-date=January 13, 2016 |archive-url=https://web.archive.org/web/20160113015432/http://news.yahoo.com/photos/20-years-of-yahoo-1425235248-slideshow/yahoo-celebrates-20th-anniversary-photo-1425250631030.html |url-status=live}}</ref><ref>{{cite web |last=Romano |first=Andrew |url=https://finance.yahoo.com/news/at-20--yahoo-celebrates-and-looks-ahead-025355178.html |title=At 20, Yahoo Celebrates and Looks Ahead |website=Yahoo |date=March 1, 2015 |archive-url=https://web.archive.org/web/20160327204521/https://www.yahoo.com/tech/at-20--yahoo-celebrates-and-looks-ahead-025355178.html |archive-date=March 27, 2016 |url-status=live }}</ref> The site was a human-edited [[web directory]], 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!" and became known as the [[Yahoo Directory]].<ref name="How Jerry" /><ref>{{cite book |title=Blueprint to a Billion |last=Thomson |first= David G. |page=155 |publisher=[[Wiley-Interscience]] |date=2006 |isbn=978-0-471-77918-6}}</ref><ref>{{cite web |last=Trex |first=Ethan |url=http://blogs.static.mentalfloss.com/blogs/archives/22707.html |title=Jerry and David's Guide to the World Wide Web becomes Yahoo! |publisher=Blogs.static.mentalfloss.com |access-date=August 24, 2010 |archive-url= https://web.archive.org/web/20100316220147/http://blogs.static.mentalfloss.com/blogs/archives/22707.html |archive-date=March 16, 2010}}</ref><ref name="Directory">[http://searchengineland.com/yahoo-directory-close-204370 The Yahoo Directory — Once The Internet's Most Important Search Engine — Is To Close] September 26, 2014, retrieved on June 3, 2017</ref><ref>[https://www.golem.de/news/yahoo-directory-yahoo-schliesst-seinen-katalog-1409-109478.html Yahoo schließt seinen Katalog] from golem.de, September 27, 2014, retrieved on June 3, 2017</ref> The "yahoo.com" domain was registered on January 18, 1995.<ref>{{cite news | url=https://www.cnbc.com/video/2017/01/18/this-day-in-history-january-18-2017.html | title=This Day in History, January 18, 2017 | publisher=[[CNBC]] | date=January 18, 2017 | access-date=May 4, 2021 | archive-date=May 4, 2021 | archive-url=https://web.archive.org/web/20210504154716/https://www.cnbc.com/video/2017/01/18/this-day-in-history-january-18-2017.html | url-status=live }}</ref> | |||
The word "yahoo" is a [[backronym]] for "[[Yet another|Yet Another]] Hierarchically Organized Oracle"<ref>{{cite news |work=[[Network World]] |title=Hello, Is Anyone Out There? |url=https://books.google.com/books?id=pw4EAAAAMBAJ&pg=RA1-PA40 |date=September 11, 1995 |last=Gaffin |first=Adam |access-date=March 5, 2015 |archive-date=May 14, 2015 |archive-url=https://web.archive.org/web/20150514163028/https://books.google.com/books?id=pw4EAAAAMBAJ&pg=RA1-PA40 |url-status=live }}</ref> or "Yet Another Hierarchical Officious Oracle".<ref>{{cite news | url=https://www.lifewire.com/what-does-yahoo-stand-for-2483337 | title=What Does "Yahoo" Stand For? | first=Paul | last=Gil | work=[[Lifewire]] | date=April 19, 2021 | access-date=May 4, 2021 | archive-date=October 7, 2016 | url-status=live }}</ref> 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. 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 1980s and early 1990s to refer to an unsophisticated, rural Southerner): "rude, unsophisticated, uncouth."<ref>{{cite web|url=http://docs.yahoo.com//info//misc//history.html|title=The History of Yahoo! – How It All Started ... |date=January 9, 2011 |publisher=Yahoo |archive-url=https://web.archive.org/web/20110109042907/http://docs.yahoo.com//info//misc//history.html|archive-date=January 9, 2011}}</ref> This meaning derives from the [[Yahoo (Gulliver's Travels)|Yahoo]] race of fictional beings from ''[[Gulliver's Travels]]''. | |||
Yahoo was incorporated on March 2, 1995. In 1995, a [[search engine]] function, called Yahoo Search, was introduced. This allowed users to search Yahoo Directory.<ref>{{cite book |last1=Oppitz |first1=Marcus |last2=Tomsu |first2=Peter |title=Inventing the Cloud Century: How Cloudiness Keeps Changing Our Life, Economy and Technology |date=2017 |publisher=[[Springer Science+Business Media]] |isbn=9783319611617 |page=238 |url=https://books.google.com/books?id=vrEvDwAAQBAJ&pg=PA238 |access-date=September 5, 2019 |archive-date=February 26, 2020 |archive-url=https://web.archive.org/web/20200226023631/https://books.google.com/books?id=vrEvDwAAQBAJ&pg=PA238 |url-status=live }}</ref><ref>{{cite web |title=Yahoo! Search |url=http://www.yahoo.com/search.html |archive-url=https://web.archive.org/web/19961128070718/http://www.yahoo.com/search.html |archive-date=November 28, 1996 |website=Yahoo |access-date=September 5, 2019 |date=November 28, 1996}}</ref> Yahoo soon became the first popular online directory and search engine on the [[World Wide Web]].<ref>{{cite web |title=What is first mover? |url=https://searchcio.techtarget.com/definition/first-mover |website=SearchCIO |publisher=[[TechTarget]] |access-date=September 5, 2019 |date=September 2005 |archive-date=October 28, 2020 |archive-url=https://web.archive.org/web/20201028182736/https://searchcio.techtarget.com/definition/first-mover |url-status=live }}</ref> | |||
===Expansion=== | |||
[[File:Countries on Yahoo.svg|thumb|upright=1.35|Map showing localized versions of Yahoo web portals, as of 2023]] | |||
[[File:Yahoo! (4855962154).jpg|thumb|upright|Yahoo sign at [[Times Square]]]] | |||
Yahoo grew rapidly throughout the 1990s. Yahoo became a [[public company]] via an [[initial public offering]] in April 1996 and its stock price rose 600% within two years.<ref name="auto">{{Cite web | url=https://money.cnn.com/1998/07/23/redherring/redherring_kingmaker/ | title=Yahoo! The kingmaker – Jul. 23, 1998 | access-date=January 13, 2019 | archive-date=January 2, 2021 | archive-url=https://web.archive.org/web/20210102182412/https://money.cnn.com/1998/07/23/redherring/redherring_kingmaker/ | url-status=live }}</ref> Like many search engines and web directories, Yahoo added a web portal, putting it in competition with services including [[Excite (web portal)|Excite]], [[Lycos]], and [[America Online]].<ref>{{Cite web | url=https://money.cnn.com/1998/11/25/technology/portals/ | title=AOL/Netscape merger presses smaller portals – Nov. 25, 1998 | access-date=January 13, 2019 | archive-date=December 21, 2019 | archive-url=https://web.archive.org/web/20191221093255/https://money.cnn.com/1998/11/25/technology/portals/ | url-status=live }}</ref> By 1998, Yahoo was the most popular starting point for web users,<ref>{{Cite news |url=http://news.bbc.co.uk/1/hi/business/107667.stm | title=Yahoo! still first portal call |work=BBC news |date=June 5, 1998|archive-url=https://web.archive.org/web/20171124142603/http://news.bbc.co.uk/1/hi/business/107667.stm |archive-date=November 24, 2017 |url-status=live}}</ref> and the human-edited Yahoo Directory the most popular search engine,<ref name="Directory"/> receiving 95 million page views per day, triple that of rival Excite.<ref name="auto"/> It also made many high-profile acquisitions. Yahoo began offering free [[e-mail]] from October 1997 after the acquisition of [[RocketMail]], which was then renamed to Yahoo Mail.<ref>{{Cite press release | url=https://www.newmediawire.com/news/yahoo-to-acquire-four11-corporation-3062569 | title=Yahoo! To Acquire Four11 Corporation | date=October 8, 1997 | access-date=May 4, 2021 | archive-date=May 4, 2021 | archive-url=https://web.archive.org/web/20210504154720/https://www.newmediawire.com/news/yahoo-to-acquire-four11-corporation-3062569 | url-status=live }}</ref> In 1998, Yahoo replaced [[AltaVista]] as the crawler-based search engine underlying the Directory with [[Inktomi]].<ref>{{Cite news | url=http://news.bbc.co.uk/1/hi/business/107667.stm | work=BBC news | title=Yahoo! Still first portal call | date=June 5, 1998 | access-date=November 25, 2013 | archive-date=November 24, 2017 | archive-url=https://web.archive.org/web/20171124142603/http://news.bbc.co.uk/1/hi/business/107667.stm | url-status=live }}</ref> Yahoo's two biggest acquisitions were made in 1999: [[Geocities]] for $3.6 billion<ref name=buysgeo>{{Cite news | url=https://money.cnn.com/1999/01/28/technology/yahoo_a/ | title=Yahoo! buys GeoCities | work=[[CNN]] | date=January 28, 1999 | access-date=January 13, 2019 | archive-date=July 21, 2018 | archive-url=https://web.archive.org/web/20180721122448/https://money.cnn.com/1999/01/28/technology/yahoo_a/ | url-status=live }}</ref> and [[Broadcast.com]] for $5.7 billion.<ref>{{Cite news |url=https://money.cnn.com/1999/04/01/deals/yahoo/ |title=Yahoo to buy Broadcast.com for $5.7B |work=[[CNN]] |date=April 1, 1999 |access-date=January 13, 2019 |archive-date=December 7, 2020 |archive-url=https://web.archive.org/web/20201207053055/https://money.cnn.com/1999/04/01/deals/yahoo/ |url-status=live }}</ref> | |||
Its stock price skyrocketed during the [[dot-com bubble]], closing at an all-time high of $118.75/share on January 3, 2000. However, after the dot-com bubble burst, it reached a post-bubble low of $8.11 on September 26, 2001.<ref>{{cite book |last=Linder |first=Karen |author-link=Karen Linder |title=The Women of Berkshire Hathaway |url=https://books.google.com/books?id=V_r3vM8y4-QC&pg=PA199 |location=[[Hoboken, New Jersey]] |date=May 8, 2012 |publisher=[[John Wiley & Sons]] |isbn=9781118182628 |page=199 |quote=Shortly after the 9/11 attacks, on September 26, 2001, Yahoo!'s stock hit its all-time low of $8.11. |access-date=November 4, 2020 |archive-date=August 8, 2022 |archive-url=https://web.archive.org/web/20220808202713/https://books.google.com/books?id=V_r3vM8y4-QC&pg=PA199 |url-status=live }}</ref> | |||
Yahoo began using [[Google]] for search in June 2000.<ref>{{cite news | url=https://www.theguardian.com/technology/2000/jul/02/searchengines.columnists | title=Why's Yahoo gone to Google? Search me | first=John | last=Naughton | work=[[The Guardian]] | date=July 2, 2000 | access-date=February 21, 2021 | archive-date=January 31, 2019 | archive-url=https://web.archive.org/web/20190131040317/https://www.theguardian.com/technology/2000/jul/02/searchengines.columnists | url-status=live }}</ref><ref>{{cite press release | url=https://www.altaba.com/news-releases/news-release-details/yahoo-selects-google-its-default-search-engine-provider | title=Yahoo! Selects Google As Its Default Search Engine Provider | publisher=[[Altaba]] | date=June 26, 2000 | access-date=February 21, 2021 | archive-date=April 11, 2021 | archive-url=https://web.archive.org/web/20210411161100/https://www.altaba.com/news-releases/news-release-details/yahoo-selects-google-its-default-search-engine-provider | url-status=live }}</ref> Over the next four years, it developed its own search technologies, which it began using in 2004 partly using technology from its $280 million acquisition of Inktomi in 2002.<ref>{{Cite web | url=https://www.cnet.com/news/yahoo-dumps-google-search-technology/ | title=Yahoo dumps Google search technology | access-date=January 13, 2019 | archive-date=October 22, 2020 | archive-url=https://web.archive.org/web/20201022135105/https://www.cnet.com/news/yahoo-dumps-google-search-technology/ | url-status=live }}</ref> In response to Google's [[Gmail]], Yahoo began to offer unlimited email storage in 2007. In 2008, the company laid off hundreds of people as it struggled from competition.<ref>{{cite news | url=https://www.nytimes.com/2008/01/22/technology/22yahoo.html |title=Hundreds of Layoffs Expected at Yahoo | work=[[The New York Times]] |date=January 22, 2008 | first=Miguel | last=Helft | url-access=limited |url-status=live |archive-url=https://web.archive.org/web/20160628111428/http://www.nytimes.com/2008/01/22/technology/22yahoo.html |archive-date=June 28, 2016}}</ref> | |||
In February 2008, [[Microsoft]] made an unsolicited bid to acquire Yahoo for $44.6 billion.<ref>{{cite news | url=https://money.cnn.com/2008/02/01/technology/microsoft_yahoo/index.htm | title=Microsoft bids $45 billion for Yahoo | first=Chris | last=Isidore | work=[[CNN]] | date=February 1, 2008 | access-date=February 21, 2021 | archive-date=November 9, 2020 | archive-url=https://web.archive.org/web/20201109043543/https://money.cnn.com/2008/02/01/technology/microsoft_yahoo/index.htm | url-status=live }}</ref><ref name="Yahoo!-Inc-Feb-2008-425">{{cite web |url=http://edgar.secdatabase.com/2814/95012308001038/filing-main.htm |title=Yahoo! Inc, Form 425, Filing Date Feb 1, 2008 |publisher=secdatabase.com |access-date=April 30, 2018 |url-status=live |archive-url=https://web.archive.org/web/20180501224827/http://edgar.secdatabase.com/2814/95012308001038/filing-main.htm |archive-date=May 1, 2018}}</ref> Yahoo rejected the bid, claiming that it "substantially undervalues" the company and was not in the interest of its shareholders. Although Microsoft increased its bid to $47 billion, Yahoo insisted on another 10%+ increase to the offer and Microsoft cancelled the offer in May 2008.<ref>{{Cite news | url=https://abcnews.go.com/Technology/story?id=4785399 | title=Microsoft drops pursuit of Yahoo, looks ahead | first=Jon | last=Swartz | work=USA Today | date=May 6, 2008 | access-date=May 3, 2021 | archive-date=May 3, 2021 | archive-url=https://web.archive.org/web/20210503050125/https://abcnews.go.com/Technology/story?id=4785399 | url-status=live }}</ref><ref name="Yahoo!-Inc-May-2008-8-K">{{cite web |url=http://edgar.secdatabase.com/2263/95013408009695/filing-main.htm |title=Yahoo! Inc, Form 8-K, Current Report, Filing Date May 16, 2008 |publisher=secdatabase.com |access-date=April 30, 2018 |url-status=live |archive-url=https://web.archive.org/web/20180501160933/http://edgar.secdatabase.com/2263/95013408009695/filing-main.htm |archive-date=May 1, 2018}}</ref><ref name="Yahoo!-Inc-Jun-2008-8-K">{{cite web |url=http://edgar.secdatabase.com/713/95013408011144/filing-main.htm |title=Yahoo! Inc, Form 8-K, Current Report, Filing Date Jun 12, 2008 |publisher=secdatabase.com |access-date=April 30, 2018 |url-status=live |archive-url=https://web.archive.org/web/20180501224703/http://edgar.secdatabase.com/713/95013408011144/filing-main.htm |archive-date=May 1, 2018}}</ref><ref>{{cite news |url=http://news.bbc.co.uk/1/hi/business/7239220.stm |title=Yahoo rejects Microsoft approach |work=BBC News |access-date=February 17, 2008 |url-status=live |date=February 11, 2008 |archive-url=https://web.archive.org/web/20080214180223/http://news.bbc.co.uk/1/hi/business/7239220.stm |archive-date=February 14, 2008}}</ref> | |||
[[Carol Bartz]], who had no previous experience in Internet advertising, replaced Yang as CEO in January 2009.<ref name="Yahoo!-Inc-Jan-2009-8-K">{{cite web |url=http://edgar.secdatabase.com/176/89161809000005/filing-main.htm |title=Yahoo! Inc, Form 8-K, Current Report, Filing Date Jan 15, 2009 |publisher=secdatabase.com |access-date=April 30, 2018 |url-status=live |archive-url=https://web.archive.org/web/20180501161013/http://edgar.secdatabase.com/176/89161809000005/filing-main.htm |archive-date=May 1, 2018}}</ref><ref>{{cite news |url=http://news.bbc.co.uk/2/hi/business/8317476.stm |title=Job cuts help Yahoo! profits surge |work=BBC News |date=October 21, 2009 |access-date=May 31, 2011 |url-status=live |archive-url=https://web.archive.org/web/20110511045421/http://news.bbc.co.uk/2/hi/business/8317476.stm |archive-date=May 11, 2011}}</ref> In September 2011, after failing to meet targets, she was fired by chairman [[Roy J. Bostock]]; CFO [[Tim Morse]] was named as Interim CEO of the company.<ref name="Yahoo!-Inc-Sep-2011-8-K">{{cite web |url=http://pdf.secdatabase.com/2534/0001193125-11-242088.pdf |title=Yahoo! Inc, Form 8-K, Current Report, Filing Date Sep 7, 2011 |publisher=secdatabase.com |access-date=April 30, 2018 |url-status=live |archive-url=https://web.archive.org/web/20180501224705/http://pdf.secdatabase.com/2534/0001193125-11-242088.pdf |archive-date=May 1, 2018}}</ref><ref>{{Cite news|url=http://www.nydailynews.com/news/money/yahoo-reels-ceo-carol-bartz-fired-phone-sudden-shake-up-floundering-tech-giant-article-1.957011|title=Yahoo reels as CEO Carol Bartz fired on the phone in sudden shake-up at floundering tech giant|work=NY Daily News|access-date=February 22, 2018 |archive-url=https://web.archive.org/web/20180223051627/http://www.nydailynews.com/news/money/yahoo-reels-ceo-carol-bartz-fired-phone-sudden-shake-up-floundering-tech-giant-article-1.957011|archive-date=February 23, 2018|url-status=live}}</ref> | |||
In April 2012, after the appointment of [[Scott Thompson (businessman)|Scott Thompson]] as CEO, several key executives resigned, including [[chief product officer]] [[Blake Irving]].<ref name="Yahoo!-Inc-Apr-2012-10-K/A">{{cite web |url=http://pdf.secdatabase.com/1240/0001193125-12-191477.pdf |title=Yahoo! Inc, Form 10-K/A, Filing Date Apr 27, 2012 |publisher=secdatabase.com |access-date=April 30, 2018 |url-status=live |archive-url=https://web.archive.org/web/20180501161221/http://pdf.secdatabase.com/1240/0001193125-12-191477.pdf |archive-date=May 1, 2018}}</ref><ref>{{cite news |title=Exclusive: Yahoo's Chief Product Officer Blake Irving Resigns |url=http://allthingsd.com/20120405/exclusive-yahoos-chief-product-officer-blake-irving-resigns/ |work=All Things D |access-date=July 2, 2012 |url-status=live |last=Swisher |first=Kara |author-link=Kara Swisher |date=April 5, 2012 |archive-url=https://web.archive.org/web/20130104215900/http://allthingsd.com/20120405/exclusive-yahoos-chief-product-officer-blake-irving-resigns/ |archive-date=January 4, 2013}}</ref> On April 4, 2012, Yahoo announced 2,000 layoffs,<ref name="Yahoo!-Inc-Apr-2012-8-K">{{cite web |url=http://edgar.secdatabase.com/891/119312512149142/filing-main.htm |title=Yahoo! Inc, Form 8-K, Current Report, Filing Date Apr 4, 2012 |publisher=secdatabase.com |access-date=April 30, 2018 |url-status=live |archive-url=https://web.archive.org/web/20180501224459/http://edgar.secdatabase.com/891/119312512149142/filing-main.htm |archive-date=May 1, 2018}}</ref> or about 14% of its 14,100 workers by the end of year, expected to save around $375 million annually.<ref>{{cite news |title=Yahoo dumping 2,000 workers in latest purge |url=http://www.thejakartapost.com/news/2012/04/04/yahoo-dumping-2000-workers-latest-purge.html |access-date=July 22, 2012 |newspaper=The Jakarta Post |date=April 4, 2012 |last=Liedtke |first=Michael |archive-url=https://web.archive.org/web/20120616133522/http://www.thejakartapost.com/news/2012/04/04/yahoo-dumping-2000-workers-latest-purge.html |archive-date=June 16, 2012}}</ref> In an email sent to employees in April 2012, Thompson reiterated his view that customers should come first at Yahoo. He also completely reorganized the company.<ref name="Swisher">{{cite news |title=It's Official: Yahoo Reorgs Itself Just Like We Said (Memo Time!) | url=http://allthingsd.com/20120410/its-official-yahoo-reorgs-itself-just-like-we-said-memo-time/ | work=[[All Things D]] |last=Swisher | first=Kara | author-link=Kara Swisher | date=April 10, 2012 | url-status=live |archive-url=https://web.archive.org/web/20121220235004/http://allthingsd.com/20120410/its-official-yahoo-reorgs-itself-just-like-we-said-memo-time/ |archive-date=December 20, 2012}}</ref> | |||
On May 13, 2012, Thompson was fired and was replaced on an interim basis by [[Ross Levinsohn]], recently appointed head of Yahoo's new Media group. Several associates of [[Third Point Management]], including [[Daniel S. Loeb]] were nominated to the [[board of directors]].<ref name="Yahoo!-Inc-May-2012-8-K">{{cite web |url=http://edgar.secdatabase.com/2231/119312512231455/filing-main.htm |title=Yahoo! Inc, Form 8-K, Current Report, Filing Date May 14, 2012 |publisher=secdatabase.com |access-date=April 30, 2018 |url-status=live |archive-url=https://web.archive.org/web/20180501224420/http://edgar.secdatabase.com/2231/119312512231455/filing-main.htm |archive-date=May 1, 2018}}</ref><ref name="Swisher" /><ref>{{cite press release |title=Yahoo! Names Fred Amoroso Chairman and Appoints Ross Levinsohn Interim CEO |url=http://investor.yahoo.net/releasedetail.cfm?ReleaseID=672824 |publisher=Yahoo! |access-date=July 2, 2012 |date=May 13, 2012 |archive-url=https://web.archive.org/web/20130925175715/http://investor.yahoo.net/releasedetail.cfm?ReleaseID=672824 |archive-date=September 25, 2013}}</ref><ref>{{cite news |title=Yahoo CEO says he never provided a resume-source |url=https://www.reuters.com/article/ag-yahoo-ceo-idUSL1E8GAN4W20120511 |access-date=July 22, 2012 |url-status=live |work=Reuters |date=May 10, 2012 |last=Oreskovic |first=Alexei |archive-url=https://web.archive.org/web/20120726021614/http://www.reuters.com/article/2012/05/11/ag-yahoo-ceo-idUSL1E8GAN4W20120511 |archive-date=July 26, 2012}}</ref> Thompson's total compensation for his 130-day tenure with Yahoo was at least $7.3 million.<ref name="CNN ousted">{{cite news | url=https://money.cnn.com/2012/05/14/technology/yahoo-ceo-no-severance/ | title=Ousted Yahoo CEO will get no severance |last=Pepitone |first=Julianne | work=[[CNN]] |date=May 14, 2012 |url-status=live |archive-url=https://web.archive.org/web/20120517024832/http://money.cnn.com/2012/05/14/technology/yahoo-ceo-no-severance/ |archive-date=May 17, 2012}}</ref> | |||
On July 15, 2012, [[Marissa Mayer]] was appointed president and CEO of Yahoo, effective July 17, 2012.<ref name="Yahoo!-Inc-Jul-2012-8-K">{{cite web |url=http://edgar.secdatabase.com/397/119312512307595/filing-main.htm |title=Yahoo! Inc, Form 8-K, Current Report, Filing Date Jul 19, 2012 |publisher=secdatabase.com |access-date=April 30, 2018 |url-status=live |archive-url=https://web.archive.org/web/20180501161314/http://edgar.secdatabase.com/397/119312512307595/filing-main.htm |archive-date=May 1, 2018}}</ref><ref>Matt McGee, Search Engine Land. "[http://searchengineland.com/report-marissa-mayer-leaving-google-for-yahoo-ceo-role-127752 Confirmed: Marissa Mayer Leaving Google For Yahoo CEO Role]." July 16, 2012 . Retrieved March 27, 2017.</ref> | |||
In June 2013, Yahoo acquired [[blog]]ging site [[Tumblr]] for $1.1 billion in cash, with Tumblr's CEO and founder [[David Karp]] continuing to run the site.<ref name="Yahoo!-Inc-Jun-2013-8-K">{{cite web |url=http://pdf.secdatabase.com/2033/0001193125-13-265912.pdf |title=Yahoo! Inc, Form 8-K, Current Report, Filing Date Jun 20, 2013 |publisher=secdatabase.com |access-date=April 30, 2018 |url-status=live |archive-url=https://web.archive.org/web/20180501161138/http://pdf.secdatabase.com/2033/0001193125-13-265912.pdf |archive-date=May 1, 2018}}</ref><ref name="Yahoo!-Inc-May-2013-8-K">{{cite web |url=http://pdf.secdatabase.com/2877/0001193125-13-227769.pdf |title=Yahoo! Inc, Form 8-K, Current Report, Filing Date May 20, 2013 |publisher=secdatabase.com |access-date=April 30, 2018 |url-status=live |archive-url=https://web.archive.org/web/20180501161341/http://pdf.secdatabase.com/2877/0001193125-13-227769.pdf |archive-date=May 1, 2018}}</ref><ref>{{cite news |last1=Lublin |first1=Joann S. |last2=Efrati | first2=Amir |last3=Ante |first3=Spencer E. |date=May 19, 2013 |title=Yahoo Deal Shows Power Shift |url=https://www.wsj.com/articles/SB10001424127887324787004578493130789235150 |access-date=May 20, 2013 |url-status=live |newspaper=[[The Wall Street Journal]] |url-access=subscription |location=New York |archive-url=https://web.archive.org/web/20150203002523/http://www.wsj.com/articles/SB10001424127887324787004578493130789235150 |archive-date=February 3, 2015}}</ref><ref>{{cite news |url=http://www.newshub.co.nz/technology/yahoo-to-buy-tumblr--reports-2013052011 |work=3 News NZ |title=Yahoo to buy Tumblr – reports |date=May 20, 2013 |access-date=October 8, 2017 |url-status=live |archive-url=https://web.archive.org/web/20171008130536/http://www.newshub.co.nz/technology/yahoo-to-buy-tumblr--reports-2013052011 |archive-date=October 8, 2017}}</ref> In July 2013, Yahoo announced plans to open an office in San Francisco.<ref>{{cite web |url=http://allthingsd.com/20130726/yahoo-plans-splashy-new-san-francisco-digs-and-dreams-of-neon-billboards-return/ |title=Yahoo Plans Splashy New San Francisco Digs (and Neon Billboard Dreams) |first=Kara |last=Swisher |archive-url=https://web.archive.org/web/20130728071713/http://allthingsd.com/20130726/yahoo-plans-splashy-new-san-francisco-digs-and-dreams-of-neon-billboards-return/ |archive-date=July 28, 2013 |website=AllThingsD |date=July 26, 2013 |access-date=August 16, 2013 }}</ref> | |||
On August 2, 2013, Yahoo acquired [[Rockmelt]]; its staff was retained, but all of its existing products were terminated.<ref name="tc-rockmelt">{{cite web |title=Yahoo Has Acquired Rockmelt, Apps to Shut Down on August 31st |url=https://techcrunch.com/2013/08/02/yahoo-has-acquired-rockmelt-apps-to-shut-down-on-august-31st/ |website=TechCrunch |date=August 2, 2013 |access-date=February 21, 2017 |archive-url=https://web.archive.org/web/20170222105807/https://techcrunch.com/2013/08/02/yahoo-has-acquired-rockmelt-apps-to-shut-down-on-august-31st/ |archive-date=February 22, 2017 |url-status=live }}</ref> | |||
Data collated by comScore during July 2013 revealed that, during the month, more people in the U.S. visited Yahoo websites than Google; the first time that Yahoo outperformed Google since 2011.<ref>{{Cite news |url=https://money.cnn.com/2013/08/21/technology/yahoo-traffic-google/index.html |title=Yahoo beats Google in traffic for first time in 2 years |work=[[CNN]] | date=August 21, 2013 |last=Hicken |first=Melanie |archive-url=https://web.archive.org/web/20180223051738/http://money.cnn.com/2013/08/21/technology/yahoo-traffic-google/index.html|archive-date=February 23, 2018|url-status=live}}</ref> The data did not count mobile usage, nor Tumblr.<ref>{{cite news |title=Google Overtaken by Yahoo! in United States Site Visitors for First Time in Two Years |url=https://www.theguardian.com/technology/2013/aug/22/yahoo-beats-google-website-visitors |access-date=August 24, 2013 |url-status=live |newspaper=The Guardian |location=London |date=August 23, 2013 |last=Garside |first=Juliet |archive-url=https://web.archive.org/web/20130824063953/http://www.theguardian.com/technology/2013/aug/22/yahoo-beats-google-website-visitors |archive-date=August 24, 2013}}</ref> | |||
Mayer also hired [[Katie Couric]] to be the anchor of a new online news operation and started an online food magazine. However, by January 2014, doubts about Mayer's progress emerged when Mayer fired her own first major hire, Henrique de Castro.<ref>{{cite news |title=Bumps on a Road to Revival for Yahoo |url=https://www.nytimes.com/2014/01/17/technology/yahoo-seeks-to-regain-its-touch.html |first1=Vindu |last1=Goel |first2=Claire Cain |last2=Miller |newspaper=[[The New York Times]] |date=January 16, 2014 |url-access=limited |archive-url=https://web.archive.org/web/20140224142253/http://www.nytimes.com/2014/01/17/technology/yahoo-seeks-to-regain-its-touch.html |archive-date=February 24, 2014 |url-status=live }}</ref> | |||
On December 12, 2014, Yahoo acquired [[video advertising]] provider [[BrightRoll]] for $583 million.<ref name="Yahoo!-Inc-Feb-2015-10-K">{{cite web |url=http://edgar.secdatabase.com/282/119312515066560/filing-main.htm |title=Yahoo! Inc, Form 10-K, Annual Report, Filing Date Feb 27, 2015 |publisher=secdatabase.com |access-date=April 30, 2018 |url-status=live |archive-url=https://web.archive.org/web/20180501224548/http://edgar.secdatabase.com/282/119312515066560/filing-main.htm |archive-date=May 1, 2018}}</ref> | |||
On November 21, 2014, Yahoo acquired [[Cooliris]].<ref>By TechCrunch "[https://techcrunch.com/2014/11/21/yahoo-acquires-cooliris/]."</ref> | |||
In August 2023, it was announced Yahoo had acquired the [[San Francisco]]-headquartered social investing platform, Commonstock.<ref>{{Cite web |date=2023-08-24 |title=Yahoo buys social investing platform Commonstock |url=https://www.finextra.com/newsarticle/42836/yahoo-buys-social-investing-platform-commonstock |access-date=2023-08-24 |website=Finextra Research |language=en |archive-date=August 24, 2023 |archive-url=https://web.archive.org/web/20230824163804/https://www.finextra.com/newsarticle/42836/yahoo-buys-social-investing-platform-commonstock |url-status=live }}</ref> | |||
In April 2024, it was announced Yahoo had acquired the [[Artificial intelligence|AI]]-driven news aggregator app, [[Artifact (app)|Artifact]].<ref>{{Cite web |last=Pierce |first=David |date=2024-04-02 |title=Yahoo is buying Artifact, the AI news app from the Instagram co-founders |url=https://www.theverge.com/2024/4/2/24118436/yahoo-news-artifact-acquisition |access-date=2024-04-03 |website=The Verge |language=en |archive-date=April 3, 2024 |archive-url=https://web.archive.org/web/20240403103518/https://www.theverge.com/2024/4/2/24118436/yahoo-news-artifact-acquisition |url-status=live }}</ref> | |||
===Decline, security breaches, and sale=== | |||
By December 2015, Mayer was criticized as performance declined.<ref>{{cite web|url=http://www.chicagotribune.com/business/ct-marissa-mayer-yahoo-20151207-story.html |title=Scrutiny on Yahoo's Marissa Mayer grows more intense|last=McGregor|first=Jenna|date=December 7, 2015|work=Chicago Tribune|access-date=December 7, 2015|archive-url=https://web.archive.org/web/20151208162739/http://www.chicagotribune.com/business/ct-marissa-mayer-yahoo-20151207-story.html|archive-date=December 8, 2015|url-status=live}}</ref><ref>{{cite news |url=https://www.yahoo.com/lifestyle/s/yahoo-board-final-talks-fate-core-business-210206302--finance.html |title=Yahoo board in final talks on future of company |first=Deborah M. |last=Todd |date=December 5, 2015 |newspaper=Reuters |access-date=May 3, 2021 |archive-date=May 3, 2021 |archive-url=https://web.archive.org/web/20210503141535/https://www.yahoo.com/lifestyle/s/yahoo-board-final-talks-fate-core-business-210206302--finance.html |url-status=live }}</ref><ref>{{cite web |url=https://www.reuters.com/article/us-yahoo-divestiture-stock-idINKBN0TL1Y520151202 |title=With buyback help, Yahoo stock has soared under Mayer |last=Campos |first=Rodrigo |date=December 2, 2015 |work=Reuters |url-status=live |archive-url=https://web.archive.org/web/20151206112140/http://news.yahoo.com/buyback-help-yahoo-stock-soared-under-mayer-165301156--finance.html |archive-date=December 6, 2015}}</ref><ref>{{cite news |url=https://www.reuters.com/article/yahoo-divestiture-verizon-idUSKBN0TQ2GU20151207 |title=Verizon could explore Yahoo's Internet business, CFO says |last1=Goliya |first1=Kshitiz |last2=Nayak |first2=Malathi |date=December 7, 2015 | work=[[Reuters]] |url-status=live |archive-url=https://web.archive.org/web/20151209074431/http://www.reuters.com/article/yahoo-divestiture-verizon-idUSKBN0TQ2GU20151207#gV1SBexKJDkOShpR.97 |archive-date=December 9, 2015}}</ref> Mayer was ranked as the least likable CEO in tech.<ref>{{Cite news | url=https://www.cnbc.com/2017/05/31/why-yahoo-ceo-marissa-mayer-is-the-least-likable-ceo-in-tech.html | title=Why Marissa Mayer is the 'least likable' CEO in tech | first=Zameena | last=Mejia | work=[[CNBC]] | date=May 31, 2017 | access-date=May 3, 2021 | archive-date=May 3, 2021 | archive-url=https://web.archive.org/web/20210503051856/https://www.cnbc.com/2017/05/31/why-yahoo-ceo-marissa-mayer-is-the-least-likable-ceo-in-tech.html | url-status=live }}</ref><ref>{{Cite news | url=https://www.businessinsider.com/yahoo-marissa-mayer-rise-and-fall-2017-6 | title=The rise and fall of Marissa Mayer, the once-beloved CEO of Yahoo now pursuing her own venture | work=[[Business Insider]] | date=February 11, 2020 | access-date=May 3, 2021 | archive-date=March 18, 2021 | archive-url=https://web.archive.org/web/20210318082350/https://www.businessinsider.com/yahoo-marissa-mayer-rise-and-fall-2017-6 | url-status=live }}</ref> | |||
On February 2, 2016, Mayer announced layoffs amounting to 15% of the Yahoo workforce.<ref>{{cite news | url=https://www.theguardian.com/technology/2016/feb/02/yahoo-earnings-cutting-workforce-closing-offices-tech | title=Yahoo cutting workforce by 15% after announcing $4.4bn loss | first1=Jana | last1=Kasperkevic | first2=Julia Carrie | last2=Wong | author2-link=Julia Carrie Wong | work=[[The Guardian]] | date=February 2, 2016 | access-date=February 21, 2021 | archive-date=November 8, 2020 | archive-url=https://web.archive.org/web/20201108104805/https://www.theguardian.com/technology/2016/feb/02/yahoo-earnings-cutting-workforce-closing-offices-tech | url-status=live }}</ref> | |||
On July 25, 2016, [[Verizon Communications]] announced the acquisition of Yahoo's core Internet business for $4.83 billion.<ref name="Yahoo!-Inc-Jul-2016-8-K">{{cite web |url=http://edgar.secdatabase.com/288/119312516656036/filing-main.htm |title=Yahoo! Inc, Form 8-K, Current Report, Filing Date Jul 25, 2016 |publisher=secdatabase.com |access-date=April 30, 2018 |url-status=live |archive-url=https://web.archive.org/web/20180501224427/http://edgar.secdatabase.com/288/119312516656036/filing-main.htm |archive-date=May 1, 2018}}</ref><ref>{{Cite news |url=https://www.nytimes.com/2016/07/25/business/yahoo-sale.html |title=Yahoo's Sale to Verizon Ends an Era for a Web Pioneer |last1=Goel |first1=Vindu| date=July 24, 2016 |last2=Merced|first2=Michael J. De La |newspaper=[[The New York Times]] | url-access=subscription |issn=0362-4331|access-date=July 25, 2016 |archive-url=https://web.archive.org/web/20160727152338/http://www.nytimes.com/2016/07/25/business/yahoo-sale.html |archive-date=July 27, 2016|url-status=live}}</ref><ref>{{cite news|url=https://www.latimes.com/business/technology/la-fi-verizon-buys-yahoo-20160725-snap-story.html|title=Verizon buys Yahoo for $4.8 billion, and it's giving Yahoo's brand another chance|last1=Lien|first1=Tracey|date=July 25, 2016|access-date=July 25, 2016|archive-url=https://web.archive.org/web/20160725150235/http://www.latimes.com/business/technology/la-fi-verizon-buys-yahoo-20160725-snap-story.html|archive-date=July 25, 2016|url-status=live}}</ref><ref>{{cite web|url=http://qz.com/741056/the-stunning-collapse-of-yahoos-valuation/|title=The stunning collapse of Yahoo's valuation|first=Alison|last=Griswold|date=July 25, 2016 |access-date=August 6, 2016|archive-url=https://web.archive.org/web/20160730012712/http://qz.com/741056/the-stunning-collapse-of-yahoos-valuation/|archive-date=July 30, 2016|url-status=live}}</ref> The deal excluded Yahoo's 15% stake in [[Alibaba Group]] and 35.5% stake in [[Yahoo Japan]].<ref name="Yahoo!-Inc-Aug-2016-DEFA14A">{{cite web |url=http://pdf.secdatabase.com/1967/0001193125-16-666712.pdf |title=Yahoo! Inc, Form DEFA14A, Filing Date Aug 1, 2016 |publisher=secdatabase.com |access-date=May 1, 2018 |url-status=live |archive-url=https://web.archive.org/web/20180501161008/http://pdf.secdatabase.com/1967/0001193125-16-666712.pdf |archive-date=May 1, 2018}}</ref><ref name="Yahoo!-Inc-Jul-2016-2-8-K">{{cite web |url=http://edgar.secdatabase.com/2313/89882216000404/filing-main.htm |title=Verizon, Form 8-K, Current Report, Filing Date Jul 25, 2016 |publisher=secdatabase.com |access-date=May 1, 2018 |url-status=live |archive-url=https://web.archive.org/web/20180501224457/http://edgar.secdatabase.com/2313/89882216000404/filing-main.htm |archive-date=May 1, 2018}}</ref> | |||
On February 21, 2017, as a result of the [[Yahoo data breaches]], Verizon lowered its purchase price for Yahoo by $350 million and reached an agreement to share liabilities regarding the data breaches.<ref name="bloomberg-lower">{{cite web|title=Verizon Said to Near Yahoo Deal at Lower Price After Hacks|url=https://www.bloomberg.com/news/articles/2017-02-15/verizon-reduces-yahoo-deal-price-by-250-million-in-revised-deal|last1=Moritz| first1=Scott |last2=Sherman| first2=Alex |last3=Womack|first3=Brian |work=[[Bloomberg News]] |date=February 15, 2017 | url-access=subscription | archive-url=https://web.archive.org/web/20170222111031/https://www.bloomberg.com/news/articles/2017-02-15/verizon-reduces-yahoo-deal-price-by-250-million-in-revised-deal|archive-date=February 22, 2017|url-status=live}}</ref><ref name="usatoday-verizonshaved">{{cite web|title=Verizon shaves $350 million from Yahoo price|url=https://www.usatoday.com/story/tech/news/2017/02/21/verizon-shaves-350-million-yahoo-price/98188452/|last=Snider|first=Mike|work=USA Today|date=February 21, 2017|access-date=February 21, 2017|archive-url=https://web.archive.org/web/20170222053414/http://www.usatoday.com/story/tech/news/2017/02/21/verizon-shaves-350-million-yahoo-price/98188452/|archive-date=February 22, 2017|url-status=live}}</ref> | |||
On June 13, 2017, Verizon completed the acquisition of Yahoo and [[Marissa Mayer]] resigned.<ref name=":0">{{cite news |url=https://www.cnbc.com/2017/06/13/verizon-completes-yahoo-acquisition-marissa-mayer-resigns.html |title=Verizon completes acquisition of Yahoo as Marissa Mayer resigns|last=Kharpal |first=Arjun |work=CNBC |date=June 13, 2017 |access-date=June 13, 2017|archive-url=https://web.archive.org/web/20170613125332/https://www.cnbc.com/2017/06/13/verizon-completes-yahoo-acquisition-marissa-mayer-resigns.html |archive-date=June 13, 2017|url-status=live}}</ref><ref>{{cite news |url=https://money.cnn.com/2017/06/13/technology/business/yahoo-verizon-deal-closes/index.html |title=End of an era: Yahoo is no longer an independent company |first=Seth |last=Fiegerman| work=[[CNN]] |date=June 13, 2017 |archive-url=https://web.archive.org/web/20170613154803/http://money.cnn.com/2017/06/13/technology/business/yahoo-verizon-deal-closes/index.html |archive-date=June 13, 2017|url-status=live}}</ref> | |||
Yahoo, AOL, and [[HuffPost]] were to continue operating under their own names, under the umbrella of a new company, Oath Inc., later called [[Verizon Media]].<ref name="Yahoo!-Inc-Jul-2017-8-K">{{cite web |url=http://edgar.secdatabase.com/2724/119312517237279/filing-main.htm |title=Yahoo! Inc, Form 8-K, Current Report, Filing Date Jul 27, 2017 |publisher=[[U.S. Securities and Exchange Commission]] |url-status=live |archive-url=https://web.archive.org/web/20180501224554/http://edgar.secdatabase.com/2724/119312517237279/filing-main.htm |archive-date=May 1, 2018}}</ref><ref name="verge-oath">{{cite news|title=Verizon Announces New Name Brand for AOL and Yahoo: Oath|url=https://www.nytimes.com/2017/04/03/technology/verizon-oath-yahoo-aol.html|newspaper=[[The New York Times]] |date=April 3, 2017 | url-access=limited |archive-url=https://web.archive.org/web/20170404002605/https://www.nytimes.com/2017/04/03/technology/verizon-oath-yahoo-aol.html|archive-date=April 4, 2017|url-status=live |last1=Chokshi |first1=Niraj |last2=Goel |first2=Vindu}}</ref> | |||
=== | The parts of the original Yahoo! Inc. which were not purchased by [[Verizon Communications]] were renamed [[Altaba]], which was later liquidated, making a final distribution in October 2020.<ref>{{cite press release | url=https://www.businesswire.com/news/home/20201026005548/en/Altaba-Announces-Liquidating-Distribution-of-8.33-Per-Share | title=Altaba Announces Liquidating Distribution of $8.33 Per Share | publisher=[[Business Wire]] | date=October 26, 2020 | access-date=February 21, 2021 | archive-date=April 18, 2021 | archive-url=https://web.archive.org/web/20210418065904/https://www.businesswire.com/news/home/20201026005548/en/Altaba-Announces-Liquidating-Distribution-of-8.33-Per-Share | url-status=live }}</ref> | ||
In September 2021, [[investment fund]]s managed by [[Apollo Global Management]] acquired 90% of Yahoo.<ref name=owneragain>{{cite news |last=Mihalcik |first=Carrie |url=https://www.cnet.com/news/yahoo-officially-has-a-new-owner-again/ |title=Yahoo has a new owner, again |work=[[CNET]] |date=September 1, 2021 |access-date=September 7, 2021 |archive-date=September 7, 2021 |archive-url=https://web.archive.org/web/20210907125550/https://www.cnet.com/news/yahoo-officially-has-a-new-owner-again/ |url-status=live }}</ref><ref>{{Cite press release | url=https://www.apollo.com/stockholders/press-releases/2021/09-01-2021-161530593 | title=Apollo Funds Complete Acquisition of Yahoo | publisher=[[Apollo Global Management]] | date=September 1, 2021 | access-date=September 11, 2021 | archive-date=September 1, 2021 | archive-url=https://web.archive.org/web/20210901172048/https://www.apollo.com/stockholders/press-releases/2021/09-01-2021-161530593 | url-status=live }}</ref> | |||
==== | In November 2021, Yahoo announced that it was ending operations in mainland China due to the increasingly challenging business and legal environment.<ref>{{Cite web|date=November 3, 2021|title=Yahoo pulls out of China, citing 'challenging' environment|url=https://apnews.com/article/yahoo-inc-leaving-china-f3b589754224bc663d5e83ec385eb49a|author=Soo, Zen|access-date=November 2, 2021|publisher=Associated Press|archive-date=November 14, 2021|archive-url=https://web.archive.org/web/20211114125633/https://apnews.com/article/yahoo-inc-leaving-china-f3b589754224bc663d5e83ec385eb49a|url-status=live}}</ref> Previously, the company discontinued China Yahoo Mail on August 20, 2013.<ref>{{cite web|title=China Yahoo! Mail is closing|url=http://help.yahoo.com/kb/index?page=content&y=PROD_MAIL_ML&locale=en_US&id=SLN14734|archive-url=https://web.archive.org/web/20130422142938/http://help.yahoo.com/kb/index?page=content&y=PROD_MAIL_ML&locale=en_US&id=SLN14734|publisher=Yahoo!|date=April 17, 2013|archive-date=April 22, 2013|access-date=March 24, 2022|author=The China Yahoo! Mail Team}}</ref> | ||
Yahoo | In 2023, Yahoo announced that it would cut 20% of its workforce. The move followed mass layoffs from other tech giants including [[Google]], [[Microsoft]], [[Twitter, Inc.|Twitter, Inc]], [[Meta Platforms|Meta]], and [[Amazon (company)|Amazon]]. The company is set to lay off roughly 1,000 staff members of their 8,600 workers.<ref name="auto1">{{Cite news |date=February 10, 2023 |title=Tech Layoffs: Yahoo to Slash 20% of Its Workforce |work=BBC News |url=https://www.bbc.com/news/technology-64596061 |access-date=February 12, 2023 |archive-date=February 12, 2023 |archive-url=https://web.archive.org/web/20230212070840/https://www.bbc.com/news/technology-64596061 |url-status=live }}</ref> | ||
=== | ===Chief executive officers=== | ||
As of 2021, eleven chief executives and interim leaders have led the Yahoo companies since 1995. They are: | |||
* [[Jim Lanzone]], CEO of [[Yahoo (2017-present)|Yahoo Inc.]] (2021–present)<ref name="New CEO">{{cite news |title=Yahoo Names Tinder CEO Jim Lanzone as Its Next Chief |last1=Mullin |first1=Benjamin |work=[[The Wall Street Journal]] |url=https://www.wsj.com/articles/apollo-taps-tinder-ceo-jim-lanzone-for-top-yahoo-job-11631274301 |date=September 10, 2021 |access-date=November 1, 2021 |archive-date=November 3, 2021 |archive-url=https://web.archive.org/web/20211103042948/https://www.wsj.com/articles/apollo-taps-tinder-ceo-jim-lanzone-for-top-yahoo-job-11631274301 |url-status=live }}</ref> | |||
* [[Guru Gowrappan]], CEO of Oath Inc., Verizon Media, and Yahoo (2018–2021)<ref name="Kafka18">{{cite news |title=Verizon's Oath Has Hired a COO from Alibaba, and Its Top Media Executive Has Left |last=Kafka |first=Peter |work=[[Recode]] |url=https://www.recode.net/2018/4/18/17250208/verizon-oath-tim-armstrong-k-guru-gowrappan-coo-simon-khalaf |date=April 18, 2018 |access-date=May 14, 2019 |archive-date=April 29, 2019 |archive-url=https://web.archive.org/web/20190429014913/https://www.recode.net/2018/4/18/17250208/verizon-oath-tim-armstrong-k-guru-gowrappan-coo-simon-khalaf |url-status=live }}</ref><ref name="Oath-VZ">{{cite news |title=Oath will soon be rebranded as Verizon Media Group |last=Carman |first=Ashley |url=https://www.theverge.com/2018/11/5/18064172/verizon-oath-media-group-rebrand |work=[[The Verge]] |date=November 5, 2018 |access-date=September 2, 2021 |archive-date=February 10, 2021 |archive-url=https://web.archive.org/web/20210210140648/https://www.theverge.com/2018/11/5/18064172/verizon-oath-media-group-rebrand |url-status=live }}</ref> | |||
* [[Tim Armstrong (executive)|Tim Armstrong]], CEO of Oath Inc. (2017–2018)<ref name="ArmstrongCEO">{{cite news |title=Oath CEO Tim Armstrong to Leave the Verizon Unit |last1=Al-Muslim |first1=Aisha |url=https://www.wsj.com/articles/oath-ceo-tim-armstrong-to-leave-the-verizon-unit-1536781456 |work=[[The Wall Street Journal]] |date=September 12, 2018 |access-date=October 26, 2021 |archive-date=September 10, 2021 |archive-url=https://web.archive.org/web/20210910040218/https://www.wsj.com/articles/oath-ceo-tim-armstrong-to-leave-the-verizon-unit-1536781456 |url-status=live }}</ref> | |||
* [[Marissa Mayer]] (2012–2017)<ref>{{cite news |first=Wendy |last=Lee |title=Verizon-Yahoo Deal is Official; Marissa Mayer Resigns |url=https://www.sfgate.com/business/article/Verizon-Yahoo-deal-closes-Marissa-Mayer-resigns-11216259.php |newspaper=[[San Francisco Chronicle]] |date=June 13, 2017 |url-status=live |archive-url=https://web.archive.org/web/20170808233812/http://www.sfgate.com/business/article/Verizon-Yahoo-deal-closes-Marissa-Mayer-resigns-11216259.php |archive-date=August 8, 2017 }}</ref> | |||
* [[Ross Levinsohn]] Interim (2012) | |||
* [[Scott Thompson (businessman)|Scott Thompson]] (2012) | |||
* [[Tim Morse]] Interim (2011–2012) | |||
* [[Carol Bartz]] (2009–2011) | |||
* [[Jerry Yang]] (2007–2009) | |||
* [[Terry Semel]] (2001–2007) | |||
* [[Timothy Koogle]] (1995–2001) | |||
==Products and services== | |||
For a list of all current and defunct services offered by Yahoo, see [[List of Yahoo-owned sites and services]]. | |||
=== | ==Data breaches== | ||
On September 22, 2016, Yahoo disclosed a [[data breach]] that occurred in late 2014, in which information associated with at least 500 million user accounts,<ref>{{cite web |url=http://edgar.secdatabase.com/1328/119312516717056/filing-main.htm |title=Yahoo! Inc, Form 8-K, Current Report, Filing Date Sep 22, 2016 |publisher=[[U.S. Securities and Exchange Commission]] |url-status=live |archive-url=https://web.archive.org/web/20180429092735/http://edgar.secdatabase.com/1328/119312516717056/filing-main.htm |archive-date=April 29, 2018 }}</ref><ref>{{cite news |url=https://www.nytimes.com/2016/09/23/technology/yahoo-hackers.html | title=Yahoo Says Hackers Stole Data on 500 Million Users in 2014 | first=Nicole | last=Perlroth | work=[[The New York Times]] | url-access=subscription |date=September 22, 2016 |archive-url=https://web.archive.org/web/20160922192732/http://www.nytimes.com/2016/09/23/technology/yahoo-hackers.html |archive-date=September 22, 2016 |url-status=live }}</ref> one of the largest breaches reported to date.<ref>{{cite news |url=https://www.bbc.co.uk/news/world-us-canada-37447016 |title=Yahoo 'state' hackers stole data from 500 million users | work=BBC news | date=September 23, 2016 |archive-url=https://web.archive.org/web/20160923002317/http://www.bbc.co.uk/news/world-us-canada-37447016 |archive-date=September 23, 2016 |url-status=live}}</ref> The United States indicted four men, including two employees of Russia's [[Federal Security Service]] (FSB), for their involvement in the hack.<ref>{{cite news |title=Russian Agents Were Behind Yahoo Breach, U.S. Says |url=https://www.nytimes.com/2017/03/15/technology/yahoo-hack-indictment.html |last=Goel |first=Vindu |date=March 15, 2017 |work=[[The New York Times]] | url-access=subscription |archive-url=https://web.archive.org/web/20170316013628/https://www.nytimes.com/2017/03/15/technology/yahoo-hack-indictment.html?_r=0 |archive-date= March 16, 2017 | url-status=live}}</ref><ref>{{cite news | title=Here's How Russian Agents Hacked 500 Million Yahoo Users | url=https://www.bloomberg.com/news/articles/2017-03-16/here-s-how-russian-agents-hacked-500-million-yahoo-users | first=Dune | last=Lawrence | work=[[Bloomberg News]] | url-access=subscription |archive-url=https://web.archive.org/web/20170316031926/https://www.bloomberg.com/news/articles/2017-03-16/here-s-how-russian-agents-hacked-500-million-yahoo-users | archive-date=March 16, 2017 |url-status=live }}</ref> On December 14, 2016, the company revealed that another separate data breach had occurred in 2014, with hackers obtaining sensitive account information, including security questions, to at least one billion accounts.<ref>{{cite news | url=https://www.nytimes.com/2016/12/14/technology/yahoo-hack.html | title=Yahoo Says 1 Billion User Accounts Were Hacked |last=Goel |first=Vindu | newspaper=[[The New York Times]] | date=December 14, 2016 | url-access=subscription |archive-url=https://web.archive.org/web/20161214224401/http://www.nytimes.com/2016/12/14/technology/yahoo-hack.html |archive-date=December 14, 2016 |url-status=live}}</ref> The company stated that hackers had utilized stolen internal software to forge [[HTTP cookie]]s.<ref>{{cite news |title=Yahoo reveals more breachiness to users victimized by forged cookies [Updated] |url=https://arstechnica.com/information-technology/2017/02/yahoo-reveals-more-breachiness-to-users-victimized-by-forged-cookies/ |work=[[Ars Technica]] |date=February 15, 2017 |last=Gallagher |first=Sean |archive-url=https://web.archive.org/web/20170221162334/https://arstechnica.com/information-technology/2017/02/yahoo-reveals-more-breachiness-to-users-victimized-by-forged-cookies/ |archive-date=February 21, 2017 |url-status=live}}</ref><ref>{{cite news |url=https://www.usatoday.com/story/tech/2016/09/22/report-yahoo-may-confirm-massive-data-breach/90824934/ |title=500 Million Yahoo Accounts Breached |first1=Mike |last1=Snider |first2=Elizabeth |last2=Weise |newspaper=USA Today |date=September 22, 2016 |archive-url=https://web.archive.org/web/20170909211231/https://www.usatoday.com/story/tech/2016/09/22/report-yahoo-may-confirm-massive-data-breach/90824934/ |archive-date=September 9, 2017 |url-status=live }}</ref> | |||
On October 3, 2017, the company stated that all 3 billion of its user accounts were affected by the August 2013 theft.<ref>{{Cite web |url=https://www.wsj.com/articles/yahoo-triples-estimate-of-breached-accounts-to-3-billion-1507062804 |title=Yahoo Triples Estimate of Breached Accounts to 3 Billion |last1=McMillan |first1=Robert |last2=Knutson |first2=Ryan |work=[[The Wall Street Journal]] |url-access=subscription |date=October 3, 2017 |access-date=October 3, 2017 |archive-date=January 26, 2021 |archive-url=https://web.archive.org/web/20210126120636/https://www.wsj.com/articles/yahoo-triples-estimate-of-breached-accounts-to-3-billion-1507062804 |url-status=live }}</ref><ref>{{cite web |url=http://edgar.secdatabase.com/2963/73271217000003/filing-main.htm |title=Verizon Communications Inc., Form 8-K, Current Report| date=October 3, 2017 |publisher=[[U.S. Securities and Exchange Commission]] |url-status=live |archive-url=https://web.archive.org/web/20180501161312/http://edgar.secdatabase.com/2963/73271217000003/filing-main.htm |archive-date=May 1, 2018 }}</ref><ref>{{cite press release |url=https://www.verizonmedia.com/press/yahoo-provides-notice-to-additional-users-affected-by-previously/ |title=Yahoo Provides Notice to Additional Users Affected by Previously Disclosed 2013 Data Theft |publisher=Verizon Media |date=October 3, 2017 |archive-url=https://web.archive.org/web/20171003223059/https://www.oath.com/press/yahoo-provides-notice-to-additional-users-affected-by-previously/ |archive-date=October 3, 2017 |url-status=live }}</ref><ref>{{cite news |url=https://www.reuters.com/article/us-equifax-cyber-house/former-equifax-chief-will-face-questions-from-u-s-congress-over-hack-idUSKCN1C80AO |title=Former Equifax chief apologizes to Congress over hack | first1=John | last1=McCrank | first2=Diane | last2=Bartz | work=[[Reuters]] | date=October 3, 2017 |archive-url=https://web.archive.org/web/20171110085311/http://www.reuters.com/article/us-equifax-cyber-house/former-equifax-chief-will-face-questions-from-u-s-congress-over-hack-idUSKCN1C80AO |archive-date=November 10, 2017 |url-status=live}}</ref><ref>{{cite news |url=https://www.bloomberg.com/news/articles/2017-10-03/yahoo-says-all-3-billion-users-probably-affected-by-2013-breach |title=Yahoo Triples Likely Scope of 2013 Hack to 3 Billion Users |first=Scott |last=Moritz |work=[[Bloomberg News]] |url-access=subscription |date=October 3, 2017 |archive-url=https://web.archive.org/web/20171003223144/https://www.bloomberg.com/news/articles/2017-10-03/yahoo-says-all-3-billion-users-probably-affected-by-2013-breach |archive-date=October 3, 2017 |url-status=live }}</ref> | |||
===DMCA notice to whistleblower=== | |||
On November 30, 2009, Yahoo was criticized by the [[Electronic Frontier Foundation]] for sending a [[DMCA]] notice to [[whistleblower]] website "[[Cryptome]]" for publicly posting details, prices, and procedures on obtaining [[personal data|private information]] pertaining to Yahoo's subscribers.<ref>{{cite web |title=Yahoo Tries to Hide Snoop Service Price List |url=https://www.eff.org/takedowns/yahoo-tries-hide-snoop-service-price-list |publisher=[[Electronic Frontier Foundation]] | date=November 30, 2009 | url-status=live |archive-url=https://web.archive.org/web/20121017233837/https://www.eff.org/takedowns/yahoo-tries-hide-snoop-service-price-list |archive-date=October 17, 2012 }}</ref> | |||
===Censorship of private emails affiliated with Occupy Wall Street protests=== | |||
After some concerns over [[censorship]] of private emails regarding a website affiliated with [[Occupy Wall Street]] protests were raised, Yahoo responded with an apology and explained it as an accident.<ref>{{cite news |title=Yahoo Appears To Be Censoring Email Messages About Wall Street Protests (Updated) |url=https://archive.thinkprogress.org/yahoo-appears-to-be-censoring-email-messages-about-wall-street-protests-updated-d9ec9c4fa4eb/ | work=[[ThinkProgress]] |publisher=[[Center for American Progress Action Fund]] |last=Fang |first=Lee |date=September 20, 2011 |url-status=live |archive-url=https://web.archive.org/web/20121221084639/http://thinkprogress.org/media/2011/09/20/323856/yahoo-censoring-occupy-wall-street-protests/ |archive-date=December 21, 2012}}</ref><ref name="videosift.com">{{cite web |title=Yahoo Censoring "Occupy Wall Street" Protest Messages |url=http://videosift.com/video/Yahoo-Censoring-Occupy-Wall-Street-Protest-Messages |author=TheFreak |date=September 2011 |work=Videosift |publisher=Sift Partners, Inc |access-date=September 16, 2012 |url-status=live |archive-url=https://web.archive.org/web/20120620080813/http://videosift.com/video/Yahoo-Censoring-Occupy-Wall-Street-Protest-Messages |archive-date=June 20, 2012}}</ref><ref name="straight.com">{{cite web |title=Yahoo admits blocking Wall Street protest emails, says censorship was "not intentional" |url=https://www.straight.com/blogra/yahoo-admits-blocking-wall-street-protest-emails-says-censorship-was-not-intentional |last=Nelson |first=Miranda |work=[[The Georgia Straight]] |location=[[Vancouver]] |date=September 20, 2011 |url-status=live |archive-url=https://web.archive.org/web/20120830200802/http://www.straight.com/article-465356/vancouver/yahoo-accidentally-blocks-protesters-emails-apologizes |archive-date=August 30, 2012 }}</ref> | |||
== | ==Partners and sponsorships== | ||
[[File: DUBLIN PRIDE 2015 ( YAHOO! WERE THERE - WERE YOU?)-106289 (19257385102).jpg|thumb|The 2015 [[Dublin]] LGBTQ Pride Festival, sponsored by Yahoo]] | |||
== | On September 11, 2001, Yahoo announced its partnership with [[FIFA]] for the [[2002 FIFA World Cup]] and [[2006 FIFA World Cup]] tournaments. It was one of FIFA's 15 partners at the tournaments. The deal included co-branding the organization's websites.<ref>{{Cite web |url=https://www.altaba.com/news-releases/news-release-details/yahoo-and-fifa-form-expansive-global-relationship-soccers-fifa |title=Yahoo! And FIFA Form Expansive Global Relationship for Soccer's FIFA World Cup, The World's Biggest Sporting Event |website=Altaba.com |access-date=July 10, 2021 |archive-date=July 10, 2021 |archive-url=https://web.archive.org/web/20210710105411/https://www.altaba.com/news-releases/news-release-details/yahoo-and-fifa-form-expansive-global-relationship-soccers-fifa |url-status=live }}</ref> | ||
Yahoo sponsored the [[2012 Sundance Film Festival]].<ref>{{Cite web|url=https://news.yahoo.com/news/blogs/advertising/yahoo-partners-2012-sundance-film-festival-182528801.html|title=Yahoo! Partners with the 2012 Sundance Film Festival|website=news.yahoo.com|date=January 20, 2012 |access-date=July 18, 2021|archive-date=July 18, 2021|archive-url=https://web.archive.org/web/20210718191155/https://news.yahoo.com/news/blogs/advertising/yahoo-partners-2012-sundance-film-festival-182528801.html|url-status=live}}</ref> | |||
[[NBC Sports Group]] aligned with Yahoo Sports the same year with content and program offerings on mobile and desktop platforms.<ref name="NBC">{{cite news |title=NBC Sports Expands Digital Content Deal With Yahoo |last=Lafayette |first=John |url=https://www.nexttv.com/news/nbc-sports-expands-digital-content-deal-with-yahoo |work=NextTV |date=February 10, 2019 |access-date=January 14, 2022 |archive-date=March 24, 2022 |archive-url=https://web.archive.org/web/20220324195500/https://www.nexttv.com/news/nbc-sports-expands-digital-content-deal-with-yahoo |url-status=live }}</ref> | |||
Yahoo announced television video partnerships in 2013 with [[Condé Nast]],<ref name="Conde">{{cite news|title=Condé Nast and Verizon Media Are Swapping Content for Ad Tech|last1=Blustien|first1=Andrew|url=https://www.adweek.com/programmatic/conde-nast-and-verizon-media-are-swapping-content-for-ad-tech/?itm_source=related_articles&itm_medium=position3|work=[[Adweek]]|date=May 17, 2021|access-date=January 13, 2022|archive-date=March 24, 2022|archive-url=https://web.archive.org/web/20220324195600/https://www.adweek.com/programmatic/conde-nast-and-verizon-media-are-swapping-content-for-ad-tech/?itm_source=related_articles&itm_medium=position3|url-status=live}}</ref> [[WWE]], [[ABC News (United States)|ABC NEWS]], and [[CNBC]].<ref name="2013partners">{{cite news|title=Yahoo rolls out six original shows and new TV partnerships|last1=Kerr|first1=Dara|url=https://www.cnet.com/tech/services-and-software/yahoo-rolls-out-six-original-shows-and-new-tv-partnerships/|work=[[CNET]]|date=April 29, 2013|access-date=January 13, 2022|archive-date=March 24, 2022|archive-url=https://web.archive.org/web/20220324195500/https://www.cnet.com/tech/services-and-software/yahoo-rolls-out-six-original-shows-and-new-tv-partnerships/|url-status=live}}</ref> Yahoo entered into a 10-year collaboration in 2014, as a founding partner of [[Levi's Stadium]], home of the [[San Francisco 49ers]].<ref name="Levi">{{cite news |title=Yahoo! Becomes Levi's Stadium Founding Partner |last=Long |first=Michael |url=https://www.sportspromedia.com/news/yahoo_becomes_levis_stadium_founding_partner/ |work=Sports Pro Media |date=June 18, 2013 |access-date=November 1, 2021 |archive-date=April 12, 2022 |archive-url=https://web.archive.org/web/20220412013104/https://www.sportspromedia.com/news/yahoo_becomes_levis_stadium_founding_partner/ |url-status= live }}</ref> | |||
==Yahoo | The [[National Basketball Association]] partnered with Yahoo Sports to stream games, offer virtual and augmented-reality fan experiences, and in 2018 [[NBA League Pass]].<ref name="NBA1">{{cite news |title=NBA, Verizon renew marketing agreement as league restarts at Disney campus in Orlando |last1=Young |first1=Jabari |url=https://www.cnbc.com/2020/07/30/nba-verizon-yahoosports-marketing-agreement-disney-campus-orlando.html |date=July 30, 2020 |access-date=January 14, 2022 |archive-date=March 24, 2022 |archive-url=https://web.archive.org/web/20220324195600/https://www.cnbc.com/2020/07/30/nba-verizon-yahoosports-marketing-agreement-disney-campus-orlando.html |url-status=live }}</ref><ref name="NBA2">{{cite news |title=Verizon Expands Deal for NBA Games |last1=Flint |first1=Joe |url=https://www.wsj.com/articles/verizon-gains-exclusive-mobile-rights-to-nba-league-pass-1516208549 |date=January 17, 2018 |access-date=January 14, 2022 |archive-date=March 24, 2022 |archive-url=https://web.archive.org/web/20220324195500/https://www.wsj.com/articles/verizon-gains-exclusive-mobile-rights-to-nba-league-pass-1516208549 |url-status=live }}</ref> Yahoo Sportsbook launched in November 2019, a collaboration with BetMGM.<ref name="sportsbook">{{cite web |title=Yahoo Sports, BetMGM Launch Yahoo Sportsbook Today |last=Waters |first=Matthew |url=https://www.legalsportsreport.com/35994/yahoo-sportsbook-launch/ |website=Legal Sports Report |date=November 14, 2019 |access-date=April 7, 2023 |archive-date=October 17, 2021 |archive-url=https://web.archive.org/web/20211017000346/https://www.legalsportsreport.com/35994/yahoo-sportsbook-launch/ |url-status=live }}</ref><ref name="Digi">{{cite web |title='Put the Pedal to the Metal': Yahoo Sports Finds Big Appetite for Action among Its First-Time Bettors |url=https://digiday.com/media/yahoo-sports-finds-big-appetite-for-action-among-its-first-time-bettors/ |website=[[Digiday.com]] |date=February 5, 2021 |access-date=April 7, 2023 |archive-date=March 24, 2022 |archive-url=https://web.archive.org/web/20220324195500/https://digiday.com/media/yahoo-sports-finds-big-appetite-for-action-among-its-first-time-bettors/ |url-status=live }}</ref> | ||
[[BuzzFeed]] acquired [[HuffPost]] from Yahoo in November 2020, in a stock deal with Yahoo as a minority shareholder.<ref name="Buzz">{{cite news |title=Buzzfeed buying Huffpost from Verizon Media |last1=Spangler |first1=Todd |url=http://variety.com/2020/digital/news/buzzfeed-buys-huffpost-verizon-media-1234835943/ |work=[[Variety (magazine)|Variety]] |date=November 19, 2020 |access-date=January 13, 2022 |archive-date=February 20, 2022 |archive-url=https://web.archive.org/web/20220220084022/https://variety.com/2020/digital/news/buzzfeed-buys-huffpost-verizon-media-1234835943/ |url-status=live }}</ref><ref name="Buzz1">{{Cite news |last1=Mullin |first1=Benjamin |last2=Hagey |first2=Keach |date=November 19, 2020 |title=BuzzFeed to Acquire HuffPost in Stock Deal with Verizon Media |newspaper=[[The Wall Street Journal]] |url=https://www.wsj.com/articles/buzzfeed-to-acquire-huffpost-in-stock-deal-with-verizon-media-11605808800 |access-date=April 7, 2023 |archive-date=November 19, 2020 |archive-url=https://web.archive.org/web/20201119235745/https://www.wsj.com/articles/buzzfeed-to-acquire-huffpost-in-stock-deal-with-verizon-media-11605808800 |url-status=live }}</ref> The NFL partnered with Yahoo in 2020, to introduce a new "Watch Together" function on the Yahoo Sports app for interactive co-viewing through a synchronized livestream of local and primetime NFL games.<ref name="SBJ">{{cite news |title=NFL Partners With Verizon, Yahoo On Co-Viewing Experience |last1=Levine |first1=Andrew |url=https://www.sportsbusinessjournal.com/SB-Blogs/Breaking-News/2020/09/Watch-Together.aspx |work=Sports Business Journal |date=September 9, 2020 |access-date=January 13, 2022 |archive-date=August 8, 2022 |archive-url=https://web.archive.org/web/20220808202714/https://www.sportsbusinessjournal.com/SB-Blogs/Breaking-News/2020/09/Watch-Together.aspx |url-status=live }}</ref> The [[Paley Center for Media]] collaborated with [[Yahoo (2017–present)|Verizon Media]] to exclusively stream programs on Yahoo platforms beginning in 2020.<ref name="Paley">{{cite news |title=Verizon Media, Paley Center for Media partner for an exclusive streaming deal |last=Ushe |first=Naledi |url=https://www.foxbusiness.com/lifestyle/verizon-media-paley-center-media-streaming-deal-partnership |work=[[Fox Business]] |date=September 15, 2020 |access-date=January 13, 2022 |archive-date=March 24, 2022 |archive-url=https://web.archive.org/web/20220324195501/https://www.foxbusiness.com/lifestyle/verizon-media-paley-center-media-streaming-deal-partnership |url-status=live }}</ref> | |||
Yahoo became the main sponsor for the [[Pramac Racing]] team and the first title sponsor for the 2021 ESport/MotoGP Championship season.<ref>{{cite web |title=Yahoo Nuovo Main Sponsor Di Pramac Racing Nel Motomondiale E Title Nel Campionato Esport |url=https://www.sporteconomy.it/yahoo-nuovo-main-sponsor-di-pramac-racing-nel-motomondiale-e-title-nel-campionato-esport/ |website=SportEconomy.it |date=May 16, 2021 |access-date=November 1, 2021 |archive-date=April 12, 2022 |archive-url=https://web.archive.org/web/20220412020240/https://www.sporteconomy.it/yahoo-nuovo-main-sponsor-di-pramac-racing-nel-motomondiale-e-title-nel-campionato-esport/ |language=it |url-status=live }}</ref> Yahoo, the official partner for the September 2021 [[New York Fashion Week]] event also unveiled sponsorship for the [[Rebecca Minkoff]] collection via a [[NFT]] space.<ref name="NYFW">{{cite web |title=Cheat Sheet: Yahoo Is Selling Sponsors on NFTs, Starting with Rebecca Minkoff |last1=Barber |first1=Kayliegh |last2=Lee |first2=Andrew |url=https://digiday.com/media/cheatsheet-yahoo-is-selling-sponsors-on-nfts-starting-with-rebecca-minkoff/ |website=DigiDay |date=September 10, 2021 |access-date=December 16, 2021 |archive-date=December 15, 2021 |archive-url=https://web.archive.org/web/20211215173039/https://digiday.com/media/cheatsheet-yahoo-is-selling-sponsors-on-nfts-starting-with-rebecca-minkoff/ |url-status=live }}</ref> In September 2021, it was announced that Yahoo partnered with [[Shopify]], connecting the e-commerce merchants on Yahoo Finance, AOL and elsewhere.<ref name="Shopify">{{cite news |title=Yahoo Partners with Shopify in Ad Deal |last=Wood |first=Chris |url=https://martech.org/yahoo-partners-with-shopify-in-ad-deal/ |work=Martech |date=September 24, 2021 |access-date=December 17, 2021 |archive-date=October 9, 2021 |archive-url=https://web.archive.org/web/20211009125935/https://martech.org/yahoo-partners-with-shopify-in-ad-deal/ |url-status=live }}</ref> | |||
==Attribution== | |||
{{WPAttribution}} | |||
==Footnotes== | |||
<small> | |||
<references> | |||
</references> | |||
</small> | |||
[[Category:Suggestion Bot Tag]] |
Latest revision as of 17:00, 9 November 2024
Yahoo! Inc. | |
---|---|
Website | www.yahoo.com |
Company form | Corporation |
Ownership type | Public, NasdaqGS - YHOO |
Founded | 1994, by Jerry Yang and David Filo |
Headquarters | 701 First Avenue Sunnyvale , CA 94089 United States |
Industry | Technology |
Product/Service | web portal & Internet Services |
Yahoo is an American web services provider. It is headquartered in Sunnyvale, California, and operated by the namesake company Yahoo! Inc., which is 90% owned by investment funds managed by Apollo Global Management and 10% by Verizon Communications.
It provides a web portal, search engine Yahoo Search, and related services, including My Yahoo, Yahoo Mail, Yahoo News, Yahoo Finance, Yahoo Sports and its advertising platform, Yahoo Native.
Yahoo was established by Jerry Yang and David Filo in January 1994 and was one of the pioneers of the early Internet era in the 1990s.[1] However, its use declined in the 2010s as some of its services were discontinued, and it lost market share to Facebook and Google.[2][3]
History
Founding
In January 1994, Jerry Yang and David 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".[4][5][6][7] The site was a human-edited web directory, 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!" and became known as the Yahoo Directory.[5][8][9][10][11] The "yahoo.com" domain was registered on January 18, 1995.[12]
The word "yahoo" is a backronym for "Yet Another Hierarchically Organized Oracle"[13] or "Yet Another Hierarchical Officious Oracle".[14] 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. 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 1980s and early 1990s to refer to an unsophisticated, rural Southerner): "rude, unsophisticated, uncouth."[15] This meaning derives from the Yahoo race of fictional beings from Gulliver's Travels.
Yahoo was incorporated on March 2, 1995. In 1995, a search engine function, called Yahoo Search, was introduced. This allowed users to search Yahoo Directory.[16][17] Yahoo soon became the first popular online directory and search engine on the World Wide Web.[18]
Expansion
Yahoo grew rapidly throughout the 1990s. Yahoo became a public company via an initial public offering in April 1996 and its stock price rose 600% within two years.[19] Like many search engines and web directories, Yahoo added a web portal, putting it in competition with services including Excite, Lycos, and America Online.[20] By 1998, Yahoo was the most popular starting point for web users,[21] and the human-edited Yahoo Directory the most popular search engine,[10] receiving 95 million page views per day, triple that of rival Excite.[19] It also made many high-profile acquisitions. Yahoo began offering free e-mail from October 1997 after the acquisition of RocketMail, which was then renamed to Yahoo Mail.[22] In 1998, Yahoo replaced AltaVista as the crawler-based search engine underlying the Directory with Inktomi.[23] Yahoo's two biggest acquisitions were made in 1999: Geocities for $3.6 billion[24] and Broadcast.com for $5.7 billion.[25]
Its stock price skyrocketed during the dot-com bubble, closing at an all-time high of $118.75/share on January 3, 2000. However, after the dot-com bubble burst, it reached a post-bubble low of $8.11 on September 26, 2001.[26]
Yahoo began using Google for search in June 2000.[27][28] Over the next four years, it developed its own search technologies, which it began using in 2004 partly using technology from its $280 million acquisition of Inktomi in 2002.[29] In response to Google's Gmail, Yahoo began to offer unlimited email storage in 2007. In 2008, the company laid off hundreds of people as it struggled from competition.[30]
In February 2008, Microsoft made an unsolicited bid to acquire Yahoo for $44.6 billion.[31][32] Yahoo rejected the bid, claiming that it "substantially undervalues" the company and was not in the interest of its shareholders. Although Microsoft increased its bid to $47 billion, Yahoo insisted on another 10%+ increase to the offer and Microsoft cancelled the offer in May 2008.[33][34][35][36]
Carol Bartz, who had no previous experience in Internet advertising, replaced Yang as CEO in January 2009.[37][38] In September 2011, after failing to meet targets, she was fired by chairman Roy J. Bostock; CFO Tim Morse was named as Interim CEO of the company.[39][40]
In April 2012, after the appointment of Scott Thompson as CEO, several key executives resigned, including chief product officer Blake Irving.[41][42] On April 4, 2012, Yahoo announced 2,000 layoffs,[43] or about 14% of its 14,100 workers by the end of year, expected to save around $375 million annually.[44] In an email sent to employees in April 2012, Thompson reiterated his view that customers should come first at Yahoo. He also completely reorganized the company.[45]
On May 13, 2012, Thompson was fired and was replaced on an interim basis by Ross Levinsohn, recently appointed head of Yahoo's new Media group. Several associates of Third Point Management, including Daniel S. Loeb were nominated to the board of directors.[46][45][47][48] Thompson's total compensation for his 130-day tenure with Yahoo was at least $7.3 million.[49]
On July 15, 2012, Marissa Mayer was appointed president and CEO of Yahoo, effective July 17, 2012.[50][51]
In June 2013, Yahoo acquired blogging site Tumblr for $1.1 billion in cash, with Tumblr's CEO and founder David Karp continuing to run the site.[52][53][54][55] In July 2013, Yahoo announced plans to open an office in San Francisco.[56]
On August 2, 2013, Yahoo acquired Rockmelt; its staff was retained, but all of its existing products were terminated.[57]
Data collated by comScore during July 2013 revealed that, during the month, more people in the U.S. visited Yahoo websites than Google; the first time that Yahoo outperformed Google since 2011.[58] The data did not count mobile usage, nor Tumblr.[59]
Mayer also hired Katie Couric to be the anchor of a new online news operation and started an online food magazine. However, by January 2014, doubts about Mayer's progress emerged when Mayer fired her own first major hire, Henrique de Castro.[60]
On December 12, 2014, Yahoo acquired video advertising provider BrightRoll for $583 million.[61]
On November 21, 2014, Yahoo acquired Cooliris.[62]
In August 2023, it was announced Yahoo had acquired the San Francisco-headquartered social investing platform, Commonstock.[63]
In April 2024, it was announced Yahoo had acquired the AI-driven news aggregator app, Artifact.[64]
Decline, security breaches, and sale
By December 2015, Mayer was criticized as performance declined.[65][66][67][68] Mayer was ranked as the least likable CEO in tech.[69][70]
On February 2, 2016, Mayer announced layoffs amounting to 15% of the Yahoo workforce.[71]
On July 25, 2016, Verizon Communications announced the acquisition of Yahoo's core Internet business for $4.83 billion.[72][73][74][75] The deal excluded Yahoo's 15% stake in Alibaba Group and 35.5% stake in Yahoo Japan.[76][77]
On February 21, 2017, as a result of the Yahoo data breaches, Verizon lowered its purchase price for Yahoo by $350 million and reached an agreement to share liabilities regarding the data breaches.[78][79]
On June 13, 2017, Verizon completed the acquisition of Yahoo and Marissa Mayer resigned.[80][81]
Yahoo, AOL, and HuffPost were to continue operating under their own names, under the umbrella of a new company, Oath Inc., later called Verizon Media.[82][83]
The parts of the original Yahoo! Inc. which were not purchased by Verizon Communications were renamed Altaba, which was later liquidated, making a final distribution in October 2020.[84]
In September 2021, investment funds managed by Apollo Global Management acquired 90% of Yahoo.[85][86]
In November 2021, Yahoo announced that it was ending operations in mainland China due to the increasingly challenging business and legal environment.[87] Previously, the company discontinued China Yahoo Mail on August 20, 2013.[88]
In 2023, Yahoo announced that it would cut 20% of its workforce. The move followed mass layoffs from other tech giants including Google, Microsoft, Twitter, Inc, Meta, and Amazon. The company is set to lay off roughly 1,000 staff members of their 8,600 workers.[89]
Chief executive officers
As of 2021, eleven chief executives and interim leaders have led the Yahoo companies since 1995. They are:
- Jim Lanzone, CEO of Yahoo Inc. (2021–present)[90]
- Guru Gowrappan, CEO of Oath Inc., Verizon Media, and Yahoo (2018–2021)[91][92]
- Tim Armstrong, CEO of Oath Inc. (2017–2018)[93]
- Marissa Mayer (2012–2017)[94]
- Ross Levinsohn Interim (2012)
- Scott Thompson (2012)
- Tim Morse Interim (2011–2012)
- Carol Bartz (2009–2011)
- Jerry Yang (2007–2009)
- Terry Semel (2001–2007)
- Timothy Koogle (1995–2001)
Products and services
For a list of all current and defunct services offered by Yahoo, see List of Yahoo-owned sites and services.
Data breaches
On September 22, 2016, Yahoo disclosed a data breach that occurred in late 2014, in which information associated with at least 500 million user accounts,[95][96] one of the largest breaches reported to date.[97] The United States indicted four men, including two employees of Russia's Federal Security Service (FSB), for their involvement in the hack.[98][99] On December 14, 2016, the company revealed that another separate data breach had occurred in 2014, with hackers obtaining sensitive account information, including security questions, to at least one billion accounts.[100] The company stated that hackers had utilized stolen internal software to forge HTTP cookies.[101][102]
On October 3, 2017, the company stated that all 3 billion of its user accounts were affected by the August 2013 theft.[103][104][105][106][107]
DMCA notice to whistleblower
On November 30, 2009, Yahoo was criticized by the Electronic Frontier Foundation for sending a DMCA notice to whistleblower website "Cryptome" for publicly posting details, prices, and procedures on obtaining private information pertaining to Yahoo's subscribers.[108]
Censorship of private emails affiliated with Occupy Wall Street protests
After some concerns over censorship of private emails regarding a website affiliated with Occupy Wall Street protests were raised, Yahoo responded with an apology and explained it as an accident.[109][110][111]
Partners and sponsorships
On September 11, 2001, Yahoo announced its partnership with FIFA for the 2002 FIFA World Cup and 2006 FIFA World Cup tournaments. It was one of FIFA's 15 partners at the tournaments. The deal included co-branding the organization's websites.[112]
Yahoo sponsored the 2012 Sundance Film Festival.[113] NBC Sports Group aligned with Yahoo Sports the same year with content and program offerings on mobile and desktop platforms.[114]
Yahoo announced television video partnerships in 2013 with Condé Nast,[115] WWE, ABC NEWS, and CNBC.[116] Yahoo entered into a 10-year collaboration in 2014, as a founding partner of Levi's Stadium, home of the San Francisco 49ers.[117]
The National Basketball Association partnered with Yahoo Sports to stream games, offer virtual and augmented-reality fan experiences, and in 2018 NBA League Pass.[118][119] Yahoo Sportsbook launched in November 2019, a collaboration with BetMGM.[120][121]
BuzzFeed acquired HuffPost from Yahoo in November 2020, in a stock deal with Yahoo as a minority shareholder.[122][123] The NFL partnered with Yahoo in 2020, to introduce a new "Watch Together" function on the Yahoo Sports app for interactive co-viewing through a synchronized livestream of local and primetime NFL games.[124] The Paley Center for Media collaborated with Verizon Media to exclusively stream programs on Yahoo platforms beginning in 2020.[125]
Yahoo became the main sponsor for the Pramac Racing team and the first title sponsor for the 2021 ESport/MotoGP Championship season.[126] Yahoo, the official partner for the September 2021 New York Fashion Week event also unveiled sponsorship for the Rebecca Minkoff collection via a NFT space.[127] In September 2021, it was announced that Yahoo partnered with Shopify, connecting the e-commerce merchants on Yahoo Finance, AOL and elsewhere.[128]
Attribution
- Some content on this page may previously have appeared on Wikipedia.
Footnotes
- ↑ Yahoo's Sale to Verizon Ends an Era for a Web Pioneer. The New York Times (July 25, 2016).
- ↑ McGoogan, Cara. Yahoo: 9 reasons for the internet icon's decline, July 25, 2016.
- ↑ The Glory That Was Yahoo (March 21, 2018).
- ↑ Yahoo! Inc. – Company Timeline.
- ↑ 5.0 5.1 Clark, Andrew. How Jerry's guide to the world wide web became Yahoo, February 1, 2008.
- ↑ Yahoo! celebrates 20th anniversary (March 1, 2015).
- ↑ Romano, Andrew (March 1, 2015). At 20, Yahoo Celebrates and Looks Ahead.
- ↑ Thomson, David G. (2006). Blueprint to a Billion. Wiley-Interscience. ISBN 978-0-471-77918-6.
- ↑ Trex, Ethan. Jerry and David's Guide to the World Wide Web becomes Yahoo!. Blogs.static.mentalfloss.com.
- ↑ 10.0 10.1 The Yahoo Directory — Once The Internet's Most Important Search Engine — Is To Close September 26, 2014, retrieved on June 3, 2017
- ↑ Yahoo schließt seinen Katalog from golem.de, September 27, 2014, retrieved on June 3, 2017
- ↑ This Day in History, January 18, 2017, CNBC, January 18, 2017.
- ↑ Gaffin, Adam. Hello, Is Anyone Out There?, Network World, September 11, 1995.
- ↑ Gil, Paul. What Does "Yahoo" Stand For?, Lifewire, April 19, 2021.
- ↑ The History of Yahoo! – How It All Started .... Yahoo (January 9, 2011).
- ↑ (2017) Inventing the Cloud Century: How Cloudiness Keeps Changing Our Life, Economy and Technology. Springer Science+Business Media. ISBN 9783319611617.
- ↑ Yahoo! Search (November 28, 1996).
- ↑ What is first mover?. TechTarget (September 2005).
- ↑ 19.0 19.1 Yahoo! The kingmaker – Jul. 23, 1998.
- ↑ AOL/Netscape merger presses smaller portals – Nov. 25, 1998.
- ↑ Yahoo! still first portal call, BBC news, June 5, 1998.
- ↑ (October 8, 1997). Yahoo! To Acquire Four11 Corporation. Press release.
- ↑ Yahoo! Still first portal call, BBC news, June 5, 1998.
- ↑ Yahoo! buys GeoCities, CNN, January 28, 1999.
- ↑ Yahoo to buy Broadcast.com for $5.7B, CNN, April 1, 1999.
- ↑ Linder, Karen (May 8, 2012). The Women of Berkshire Hathaway. Hoboken, New Jersey: John Wiley & Sons. ISBN 9781118182628. “Shortly after the 9/11 attacks, on September 26, 2001, Yahoo!'s stock hit its all-time low of $8.11.”
- ↑ Naughton, John. Why's Yahoo gone to Google? Search me, The Guardian, July 2, 2000.
- ↑ Altaba (June 26, 2000). Yahoo! Selects Google As Its Default Search Engine Provider. Press release.
- ↑ Yahoo dumps Google search technology.
- ↑ Helft, Miguel. Hundreds of Layoffs Expected at Yahoo, The New York Times, January 22, 2008.
- ↑ Isidore, Chris. Microsoft bids $45 billion for Yahoo, CNN, February 1, 2008.
- ↑ Yahoo! Inc, Form 425, Filing Date Feb 1, 2008. secdatabase.com.
- ↑ Swartz, Jon. Microsoft drops pursuit of Yahoo, looks ahead, USA Today, May 6, 2008.
- ↑ Yahoo! Inc, Form 8-K, Current Report, Filing Date May 16, 2008. secdatabase.com.
- ↑ Yahoo! Inc, Form 8-K, Current Report, Filing Date Jun 12, 2008. secdatabase.com.
- ↑ Yahoo rejects Microsoft approach, BBC News, February 11, 2008.
- ↑ Yahoo! Inc, Form 8-K, Current Report, Filing Date Jan 15, 2009. secdatabase.com.
- ↑ Job cuts help Yahoo! profits surge, BBC News, October 21, 2009.
- ↑ Yahoo! Inc, Form 8-K, Current Report, Filing Date Sep 7, 2011. secdatabase.com.
- ↑ Yahoo reels as CEO Carol Bartz fired on the phone in sudden shake-up at floundering tech giant, NY Daily News.
- ↑ Yahoo! Inc, Form 10-K/A, Filing Date Apr 27, 2012. secdatabase.com.
- ↑ Swisher, Kara. Exclusive: Yahoo's Chief Product Officer Blake Irving Resigns, All Things D, April 5, 2012.
- ↑ Yahoo! Inc, Form 8-K, Current Report, Filing Date Apr 4, 2012. secdatabase.com.
- ↑ Liedtke, Michael. Yahoo dumping 2,000 workers in latest purge, April 4, 2012.
- ↑ 45.0 45.1 Swisher, Kara. It's Official: Yahoo Reorgs Itself Just Like We Said (Memo Time!), All Things D, April 10, 2012.
- ↑ Yahoo! Inc, Form 8-K, Current Report, Filing Date May 14, 2012. secdatabase.com.
- ↑ Yahoo! (May 13, 2012). Yahoo! Names Fred Amoroso Chairman and Appoints Ross Levinsohn Interim CEO. Press release.
- ↑ Oreskovic, Alexei. Yahoo CEO says he never provided a resume-source, Reuters, May 10, 2012.
- ↑ Pepitone, Julianne. Ousted Yahoo CEO will get no severance, CNN, May 14, 2012.
- ↑ Yahoo! Inc, Form 8-K, Current Report, Filing Date Jul 19, 2012. secdatabase.com.
- ↑ Matt McGee, Search Engine Land. "Confirmed: Marissa Mayer Leaving Google For Yahoo CEO Role." July 16, 2012 . Retrieved March 27, 2017.
- ↑ Yahoo! Inc, Form 8-K, Current Report, Filing Date Jun 20, 2013. secdatabase.com.
- ↑ Yahoo! Inc, Form 8-K, Current Report, Filing Date May 20, 2013. secdatabase.com.
- ↑ Yahoo Deal Shows Power Shift, May 19, 2013.
- ↑ Yahoo to buy Tumblr – reports, 3 News NZ, May 20, 2013.
- ↑ Swisher, Kara (July 26, 2013). Yahoo Plans Splashy New San Francisco Digs (and Neon Billboard Dreams).
- ↑ Yahoo Has Acquired Rockmelt, Apps to Shut Down on August 31st (August 2, 2013).
- ↑ Hicken, Melanie. Yahoo beats Google in traffic for first time in 2 years, CNN, August 21, 2013.
- ↑ Garside, Juliet. Google Overtaken by Yahoo! in United States Site Visitors for First Time in Two Years, August 23, 2013.
- ↑ Bumps on a Road to Revival for Yahoo, January 16, 2014.
- ↑ Yahoo! Inc, Form 10-K, Annual Report, Filing Date Feb 27, 2015. secdatabase.com.
- ↑ By TechCrunch "[1]."
- ↑ Yahoo buys social investing platform Commonstock (en) (2023-08-24).
- ↑ Pierce, David (2024-04-02). Yahoo is buying Artifact, the AI news app from the Instagram co-founders (en).
- ↑ McGregor, Jenna (December 7, 2015). Scrutiny on Yahoo's Marissa Mayer grows more intense. Chicago Tribune.
- ↑ Todd, Deborah M.. Yahoo board in final talks on future of company, December 5, 2015.
- ↑ Campos, Rodrigo (December 2, 2015). With buyback help, Yahoo stock has soared under Mayer. Reuters.
- ↑ Verizon could explore Yahoo's Internet business, CFO says, Reuters, December 7, 2015.
- ↑ Mejia, Zameena. Why Marissa Mayer is the 'least likable' CEO in tech, CNBC, May 31, 2017.
- ↑ The rise and fall of Marissa Mayer, the once-beloved CEO of Yahoo now pursuing her own venture, Business Insider, February 11, 2020.
- ↑ Yahoo cutting workforce by 15% after announcing $4.4bn loss, The Guardian, February 2, 2016.
- ↑ Yahoo! Inc, Form 8-K, Current Report, Filing Date Jul 25, 2016. secdatabase.com.
- ↑ Yahoo's Sale to Verizon Ends an Era for a Web Pioneer, July 24, 2016.
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- ↑ Buzzfeed buying Huffpost from Verizon Media, Variety, November 19, 2020.
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- ↑ Wood, Chris. Yahoo Partners with Shopify in Ad Deal, Martech, September 24, 2021.