Yahoo is globally renowned as a web services provider, entirely possessed by Verizon Communications by Oath Inc. The company is best recognized for being the highest-read news as well as media website, through more than 7 billion views every month, ranking as the sixth greatest visited website worldwide in 2016, as per third-party web analytics providers, namely Alexa as well as SimilarWeb.
History & Wiki:
Yahoo was started in the year 1994 when Yang and Filo were functioning as electrical engineering scholars at Stanford University. In that period, they have created one website termed as “Jerry and David’s guide to the World Wide Web.” The company was headquartered in Sunnyvale, situated inside California.
The website was known to be a handbook of additional sites, scheduled in a grading, conflicting to a searchable index of pages on the web.
It is found that the word -“yahoo” is identified as a backronym for “Yet Another Hierarchically Organized Oracle.” Also, otherwise, it even stands for “Yet Another Hierarchical Officious Oracle.” In that, the term -“hierarchical” described the manner database of Yahoo got arranged within layers of conforming subgroups.
Yahoo started off its career initially in the year 1994 by initially starting through a small website by undergraduates. It is found that Marissa Mayer, acknowledged as a previous Google supervisory, functioned as CEO as well as President of Yahoo till June of 2017.
This company was universally approved for its web-based portal, search engine, i.e., Yahoo! Search, and even for its services, such as Yahoo! Directory, Yahoo! Finance, Yahoo! Mail, Yahoo! Groups, Yahoo! Answers, Yahoo! News, video sharing, promotion, online mapping, fantasy sports, and even for its social media site.
The company is renowned for being the highest-read news as well as media website, through more than 7 billion views every month, ranking as the sixth greatest visited website worldwide in 2016, as per third-party web analytics providers, namely Alexa as well as SimilarWeb.
During its peak, it was acknowledged as one out of the supreme popular websites inside the US. The company even collaborates with different content providers prevailing in several products viz. Yahoo Sports, Yahoo Finance, Yahoo Music, Yahoo Movies, Yahoo Weather, Yahoo News, Yahoo! Answers, and even Yahoo Games in order to present news and even associated content.
Awards & Achievements:
As per reports of third-party web analytics sources viz. Alexa as well as SimilarWeb, the company was noted as the highest-read media and news website, holding more than 7 billion views every month, and identified as the sixth-highest visited website internationally in 2016.
Also, as per news sources, approximately 700 million people take the visit of Yahoo websites each month. The company has claimed that it has fascinated higher than half a billion customers each month in over 30 languages.
Net Worth of Yahoo:
As of November 2023, Yahoo has an estimated net worth of $5 billion. The company makes his fortune from being a web service provider internationally.
The fundamental businesses of the company, i.e., Yahoo Sports, mail, Finance, news, etc. – are essentially worth lower than $0. The cause behind that is Yahoo holds a 15% stake inside Alibaba.
In the current market cap, it is equivalent to $32 billion. Also, it holds 35.5% of Yahoo Japan, totaling to $9.7 billion. Besides, its market cap also equates to $33 billion; nevertheless, the point that “Asian assets” of Alibaba and even Yahoo Japan are worth greater than $41 billion.
The company presents personalization type service, i.e., My Yahoo, which fundamentally permits users to integrate favorite Yahoo features, even syndicate content feeds and content within the single page.
Yahoo is one of the most renowned companies all over the world as it serves to provide web-based services to millions of customers. The company is now more than two decades old, but until now, there is no incidence of inefficiency or bad service to its customers in different parts of the world.