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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".
[18]
[19]
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!"
[20]
[21]
The "Yahoo" domain was created on January 18, 1995.
[22]
The word "yahoo" is a backronym for "Yet Another Hierarchically Organized Oracle"
[23]
or "Yet Another Hierarchical Officious Oracle".
[24]
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.
[25]
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."
[26]
This meaning derives from the Yahoo race of fictional beings from Gulliver's Travels.
yahoo customer service phone number +1 877 22O 74O7
yahoo customer service phone number +1 877 22O 74O7
yahoo customer service phone number +1 877 22O 74O7
yahoo customer service phone number +1 877 22O 74O7
In February 2008, Microsoft Corporation made an unsolicited bid to acquire Yahoo for $44.6 billion. Yahoo formally rejected the bid, claiming that it "substantially undervalues" the company and was not in the interest of its shareholders. Three years later Yahoo had a market capitalization of $22.24 billion.
[30]
Carol Bartz replaced Yang as CEO in January 2009.
[31]
In September 2011 she was removed from her position at Yahoo by the company's chairman Roy Bostock, and CFO Tim Morse was named as Interim CEO of the company.
In early 2012, after the appointment of Scott Thompson as CEO, rumors began to spread about looming layoffs. Several key executives, such as Chief Product Officer Blake Irving left.
[32]
On April 4, 2012, Yahoo announced a cut of 2,000 jobs or about 14 percent of its 14,100 workers. The cut was expected to save around $375 million annually after the layoffs are completed at end of 2012.
[33]
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.
[34]
On May 13, 2012, Yahoo issued a press release stating that Thompson was no longer with the company, and would immediately be replaced on an interim basis by Ross Levinsohn, recently appointed head of Yahoo's new Media group.
[34]
[35]
[36]
Thompson's total compensation for his 130-day tenure with Yahoo was at least $7.3 million.
[37]
On July 16, 2012, Marissa Mayer was appointed President and CEO of Yahoo, effective the following day.
[38]
yahoo customer service phone number +1 877 22O 74O7
yahoo customer service phone number +1 877 22O 74O7
yahoo customer service phone number +1 877 22O 74O7
yahoo customer service phone number +1 877 22O 74O7
By the fourth quarter of 2013, the company's share price had more than doubled since Marissa Mayer took over as president in July 2012; however, the share price peaked at about $35 in November 2013.
[47]
It did go up to $36.04 in the mid afternoon of December 2, 2015, perhaps on news that the board of directors was meeting to decide on the future of Mayer, whether to sell the struggling internet business,
[48]
and whether to continue with the spinoff of its stake in China's Alibaba e-commerce site.
[49]
Not all had gone well during Mayer's tenure, including the $1.1 billion acquisition of Tumblr that had yet to prove beneficial and the forays into original video content that led to a $42 million write-down. Sydney Finkelstein, a professor at Dartmouth College's Tuck School of Business, told the Washington Post that sometimes, "the single best thing you can do ... is sell the company."
[50]
The closing price of Yahoo! Inc. on December 7, 2015 was $34.68.
[51]
The Wall Street Journal's Douglas MacMillan reported on February 2, 2016 that Yahoo's CEO Marissa Mayer was expected to cut 15% of its workforce.
[52]
[53]
On July 25, 2016, Verizon Communications announced that it had agreed to purchase Yahoo's core internet business for $4.83 billion
[54]
[55]
[56]
Following the conclusion of the purchase, these assets will be merged with AOL to form a new entity known as Oath; Yahoo, AOL, and Huffington Post will continue to operate under their own names, under the Oath umbrella.
[57]
The deal excludes Yahoo's 15% stake in Alibaba Group and 35.5% stake in Yahoo! Japan; following the completion of the acquisition, these assets will be retained under the name Altaba, with a new executive team.
[58]
[59]
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,
[60]
one of the largest breaches reported to date.
[61]
The United States have indicted four men, including two employees of Russia's Federal Security Service (FSB), for their involvement in the hack.
[62]
[63]
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.
[64]
The company stated that hackers had utilized stolen internal software to "forge" cookies.
[65]
yahoo customer service phone number +1 877 22O 74O7
yahoo customer service phone number +1 877 22O 74O7
yahoo customer service phone number +1 877 22O 74O7
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".
[18]
[19]
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!"
[20]
[21]
The "Yahoo" domain was created on January 18, 1995.
[22]
The word "yahoo" is a backronym for "Yet Another Hierarchically Organized Oracle"
[23]
or "Yet Another Hierarchical Officious Oracle".
[24]
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.
[25]
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."
[26]
This meaning derives from the Yahoo race of fictional beings from Gulliver's Travels.
yahoo customer service phone number +1 877 22O 74O7
yahoo customer service phone number +1 877 22O 74O7
yahoo customer service phone number +1 877 22O 74O7
yahoo customer service phone number +1 877 22O 74O7
In February 2008, Microsoft Corporation made an unsolicited bid to acquire Yahoo for $44.6 billion. Yahoo formally rejected the bid, claiming that it "substantially undervalues" the company and was not in the interest of its shareholders. Three years later Yahoo had a market capitalization of $22.24 billion.
[30]
Carol Bartz replaced Yang as CEO in January 2009.
[31]
In September 2011 she was removed from her position at Yahoo by the company's chairman Roy Bostock, and CFO Tim Morse was named as Interim CEO of the company.
In early 2012, after the appointment of Scott Thompson as CEO, rumors began to spread about looming layoffs. Several key executives, such as Chief Product Officer Blake Irving left.
[32]
On April 4, 2012, Yahoo announced a cut of 2,000 jobs or about 14 percent of its 14,100 workers. The cut was expected to save around $375 million annually after the layoffs are completed at end of 2012.
[33]
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.
[34]
On May 13, 2012, Yahoo issued a press release stating that Thompson was no longer with the company, and would immediately be replaced on an interim basis by Ross Levinsohn, recently appointed head of Yahoo's new Media group.
[34]
[35]
[36]
Thompson's total compensation for his 130-day tenure with Yahoo was at least $7.3 million.
[37]
On July 16, 2012, Marissa Mayer was appointed President and CEO of Yahoo, effective the following day.
[38]
yahoo customer service phone number +1 877 22O 74O7
yahoo customer service phone number +1 877 22O 74O7
yahoo customer service phone number +1 877 22O 74O7
yahoo customer service phone number +1 877 22O 74O7
By the fourth quarter of 2013, the company's share price had more than doubled since Marissa Mayer took over as president in July 2012; however, the share price peaked at about $35 in November 2013.
[47]
It did go up to $36.04 in the mid afternoon of December 2, 2015, perhaps on news that the board of directors was meeting to decide on the future of Mayer, whether to sell the struggling internet business,
[48]
and whether to continue with the spinoff of its stake in China's Alibaba e-commerce site.
[49]
Not all had gone well during Mayer's tenure, including the $1.1 billion acquisition of Tumblr that had yet to prove beneficial and the forays into original video content that led to a $42 million write-down. Sydney Finkelstein, a professor at Dartmouth College's Tuck School of Business, told the Washington Post that sometimes, "the single best thing you can do ... is sell the company."
[50]
The closing price of Yahoo! Inc. on December 7, 2015 was $34.68.
[51]
The Wall Street Journal's Douglas MacMillan reported on February 2, 2016 that Yahoo's CEO Marissa Mayer was expected to cut 15% of its workforce.
[52]
[53]
On July 25, 2016, Verizon Communications announced that it had agreed to purchase Yahoo's core internet business for $4.83 billion
[54]
[55]
[56]
Following the conclusion of the purchase, these assets will be merged with AOL to form a new entity known as Oath; Yahoo, AOL, and Huffington Post will continue to operate under their own names, under the Oath umbrella.
[57]
The deal excludes Yahoo's 15% stake in Alibaba Group and 35.5% stake in Yahoo! Japan; following the completion of the acquisition, these assets will be retained under the name Altaba, with a new executive team.
[58]
[59]
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,
[60]
one of the largest breaches reported to date.
[61]
The United States have indicted four men, including two employees of Russia's Federal Security Service (FSB), for their involvement in the hack.
[62]
[63]
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.
[64]
The company stated that hackers had utilized stolen internal software to "forge" cookies.
[65]
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