Last updated on June 21st, 2023 at 11:29 am
Full Form of YAHOO is “Yet Another Hierarchical Officious Oracle.” Yahoo is a global technology business with American roots. A wide variety of services are offered by it, including a web portal, the search engine Yahoo! Search, Yahoo! Directory, Yahoo! Mail, Yahoo! News, Yahoo! Finance, Yahoo! Groups, and Yahoo! Answers, as well as advertising, online mapping, video sharing, fantasy sports, and its social networking website. Its main office is in Sunnyvale, California.
The Yahoo database was organized in layers of subcategories, referred to as a “hierarchical” structure.
What is Yahoo: Full form of YAHOO
Table of Contents
|Founded||March 1, 1995|
|Revenue||$9.5 billion (2017)|
|Net income||-$4.83 billion (2017)|
A search engine and a directory of World Wide Web sites arranged in a hierarchy of subject categories are both provided by Yahoo, sometimes known as Yahoo.com.
Yahoo’s online gateway first served as a web directory, but it rapidly expanded to include other services, including email, news, and finance. The fact that Yahoo Search is an opponent of Google Search and Microsoft Bing is maybe the most significant.
In 2017, Verizon purchased Yahoo. In 2021, Verizon sold Yahoo to Apollo Global Management as a part of its Verizon Media business, which also comprised AOL, Engadget, TechCrunch, and a digital advertising platform.
Yahoo services and goods
Yahoo account subscribers may access more online-based services in addition to its web search engine and directory, such as the following:
Yahoo Finance, a website that covers business and financial news; Yahoo Sports, a website that covers sports news; and Yahoo Mail, which offers free email accounts with unlimited storage comparable to Gmail and AOL.
Yahoo also offers horoscopes, weather forecasts, and online news.
The background of Yahoo
David Filo and Jerry Yang, two graduate students at Stanford University, started Yahoo as their bookmark list before it was formally established in 1995. The merged bookmark lists started to take off online when they were posted on a college website in a category-organized format.
The website claims that Yahoo is an acronym for “Yet Another Hierarchical Officious Oracle.”
It gained a sizable following and became the first of its kind. Filo and Yang delayed finishing their doctorate degrees to participate in a multimillion-dollar company’s first public offering.
Yahoo has purchased a number of additional businesses over the years, including GeoCities, Flickr, and Tumblr. Yahoo was the most popular website in the US in 2008. It now occupies the fourth position, after Google, YouTube, Facebook, and Amazon.
Yahoo chose Marissa Mayer to serve as its next CEO in 2012. Mayer, who led the firm from 2013 to 2017, is credited with reviving it by hiring fresh talent and introducing innovative products, including Yahoo News Digest and Yahoo Weather.
In 2016, Yahoo decided to pay $4.83 billion to Verizon to sell its core operations. Yahoo’s search engine, email service, digital content, and advertising technology companies were all included in the acquisition. However, Yahoo’s 15% stake in Alibaba Group and its 35.5% stake in Yahoo Japan were not included in the sale.
For $5 billion, Verizon sold Yahoo to Apollo Global Management in 2021 as a part of its Verizon Media business.
Yahoo has also had some difficulties. The Electronic Frontier Foundation criticized Yahoo in 2009 for issuing a Digital Millennium Copyright Act notification to a whistleblower website that had made Yahoo’s policies for giving its customers’ private information to law enforcement authorities public.
Over 3 billion Yahoo user accounts were impacted by the most significant known data breach in 2013, which occurred in 2013. But it took until 2017 for the entire disclosure of the incident.
Due to the hack, Yahoo was the target of many class-action lawsuits and a Securities and Exchange Commission of the United States inquiry. As a result, the price of the Verizon purchase was reduced by $350 million, and a deal was made to split the liabilities related to the data breach.
15% of Yahoo’s workforce was let go in 2016. Yahoo is still one of the world’s most well-known online service providers despite all of these difficulties.
The century’s end and beyond of Yahoo
The computer business, particularly the Internet sector, was rapidly overrun by new participants at the turn of the 20th century. NBC acquired a 19 percent stake in Snap!, another site run by CNET Inc., in July 1998. Following suit, Disney acquired a 43 percent share in Infoseek Corporation, At Home Corporation bought Excite, Inc., and Microsoft Corporation promoted its MSN site more aggressively. Even America Online expanded its reach by purchasing Netscape and its Netcenter site. Since many experts projected that the Internet would become the next real media sector, nobody wanted to be left out of the game.
It was estimated that 90 million individuals had access to the Internet by the end of the 1990s and were using it sometimes to browse the web. International Data Corp. anticipated the number would increase to 328 million individuals by 2002 in the Business Week issue from September 7, 1998. “What’s emerging faster than many imagined is a Net generation that rises not to its newspapers and TV news shows but to its coffee and glowing computer screens,” according to Business Week’s Himelstein, Green, Siklos, and Yang.
According to market experts Strategis Group, 64% of online surfers watch less TV today than they did before they started surfing the web, and 48% read less.
Yahoo! tried to hold onto its substantial market share by monitoring its customers’ needs. Yahoo! took steps to offer its consumers even more after realizing it would take one mouse click for a user to switch to one of its rivals. Yahoo! announced the acquisition of GeoCities in January 1999.
GeoCities was third in monthly visitors in December 1998, just behind top-ranked AOL.com and second-ranked Yahoo.com. The GeoCities website built online communities for individuals. Users of GeoCities may create their own individual home pages based on their interests. Yahoo! thought that by acquiring GeoCities, many of the users of that website would go to Yahoo!
Many believed the Internet sector was on the verge of a shakeout, through which only a small number of businesses would survive, as the 21st century drew closer. However, Yahoo! was prepared to weather the storm and had the means. Yahoo!’s brand was well-known, and its website was regarded as the top of the heap since it was the first Internet firm to go public, make a profit, and advertise on national television.
In the Business Week article from September 7, 1998, analyst Paul Noglows of Hambrecht & Quist Inc. said that Yahoo “has the potential to emerge as the first pure Internet giant.” Its capacity to do so looked certain in the computer-dependent world of the twenty-first century.
|Year||Net Worth (USD)|
Executives of Yahoo
|Arvind Krishna||CEO||Products and Technology|
|Sonia Syngal||President||Commerce and Marketplaces|
|Jeremie Miller||Chief Marketing Officer||Marketing|
|Jim Lanzone||Chief Revenue Officer||Revenue and Partnerships|
|Enrique Abeyta||Chief People Officer||People|
|Horacio Gutierrez||Chief Legal Officer||Legal|
|Amir Sarhangi||Chief Strategy Officer||Strategy|
|Ranjit Abott||Chief Operating Officer||Operations|
Frequently asked questions
What is Yahoo?
Email, search, news, finance, sports, and weather are just a few of the services and products that Yahoo provides on a worldwide scale.
How to create a Yahoo account?
Visit the Yahoo website and choose the “Create Account” option to start a new Yahoo account. Your name, email address, password, and birthdate must be entered.
How can I change my password on Yahoo?
You may reset your Yahoo password if you lose it by visiting the Yahoo website and selecting the “Forgot Password?” option. When you input your email address, Yahoo will give you a link to reset your password.
How can I reach Yahoo’s customer service?
Contact Yahoo customer service via phone, email, or chat if you have any queries or issues with your account.
What distinguishes Yahoo Mail from Yahoo Mail Plus?
A minimal set of capabilities are available with Yahoo Mail, a free email service. A premium membership option called Yahoo Mail Plus comes with extra capabilities, including increased storage space, ad-free surfing, and the capacity to send and receive huge files.
Yahoo Finance: What is it?
Yahoo Finance is a website that offers real-time stock prices, news, and analysis for the financial industry.