|Headquarters Regions:||Sunnyvale, California, US|
|Founded Date:||January 1994|
|Founders:||Jerry Yang, David Filo|
|Number of Employees:||9000+|
|Area served:||United States of America and World|
|Products of Company:||web services provider|
|Net Worth in 2023:||$5 Billion|
Yahoo!! is an immensely popular web services producer, which is owned by Verizon Media. Yahoo!!’s headquarters are located in Sunnyvale, California and it several popular products including Yahoo!! News, Yahoo!! Mail, Yahoo!! Search, Yahoo!! Messenger, and Yahoo!! Answers. Yahoo!! is the 10th most popular website in the world while it is the 6th most popular website in the U.S. and in the category of news and media, it is the number one website in the world.
Well, how well do you know about Yahoo!? If not much, here is what we know about Yahoo! to date.
Jerry Yang and David Filo founded Yahoo!! in March of 1994 although it was initially named differently. Both Jerry and David were studying electrical engineering at Stanford University at the time. In January of 1994, they created the website “Jerry and David’s guide to the World Wide Web”, which was a directory of other websites. The unique part of their website was that mentioned websites were arranged in a hierarchy and not as a searchable index of pages.
A couple of months later they changed its name to “Yahoo!!”. The Yahoo!! The directory was Yahoo!’s first product and it allowed users to surf the internet. The “Yahoo!.com” domain was only created the following year on the 18th of January 1995. In 1995, they released the popular search engine, Yahoo!! Search which is their most popular product of all time. It is probably the first thing that comes to your mind when you think about Yahoo!.
Yahoo! became increasingly popular with each passing day and it even went public in April 1996. In fact, it became so popular that its stock price rose by 600 percent within two years. Over the following years, Yahoo! introduced various products including the immensely popular products, Yahoo!! News, Yahoo!! Mail, Yahoo!! Messenger, and Yahoo!! Answers. In 2013, Yahoo! acquired the popular social networking site, Tumblr.
Things took an unexpected turn in when a data breach that occurred in 2014 affected at least 500 million user accounts. However, this information only came out in 2016. In 2017, Verizon Communications purchased core Yahoo!’s core Internet business for $4.83 billion. Following that, these assets merged with AOL to form Oath Inc. In 2017 itself, parts of the original Yahoo! Inc., which were not purchased by Verizon Communications, were renamed Altaba Inc.
Yahoo! also has an 11% stake in the popular Alibaba Group. Yahoo! has been under Verizon Media since 2019. Thomas J. McInerney has been working as the CEO of Yahoo!! since 2017. He has studied at Yale College and Harvard Business School and had previously served as the Executive Vice President and Chief Financial Officer of IAC/InterActiveCorp.
Awards & Achievements
- Yahoo! went public in April 1996 and its stock price rose by 600 percent the following two years, which is a massive achievement, to say the least.
- Yahoo! received 3.75 Billion visits as of January 2021, which shows how popular it is even today.
Net Worth & Earnings of Yahoo! in 2023
As of 2023, Yahoo!’s Net Worth is estimated at $5 billion. Yahoo! has been immensely successful over the years and therefore it’s no surprise that its value is estimated so highly. In fact, even today, Yahoo! is the 10th most popular website in the world while it is the 6th most popular website in the U.S.
Yahoo! has been an amazingly useful site and its history proves that. With that being said, we wish Yahoo! all the success in the world and hope it gets even more popular than it is today, cause competition among tech giants will be greatly beneficial for the common users as they would have access to better information and features.