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| Yahoo, Inc in Sunnyvale |
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Yahoo! Inc. is an American public corporation with headquarters in Sunnyvale, California, that provides services via the Internet worldwide. The company is perhaps best known for its web portal, search engine (Yahoo! Search), Yahoo! Directory, Yahoo! Mail, Yahoo! News, advertising, online mapping (Yahoo! Maps), video sharing (Yahoo! Video), and social media websites and services.
Yahoo! was founded by Jerry Yang and David Filo in January 1994 and was incorporated on March 1, 1995. On January 13, 2009, Yahoo! appointed Carol Bartz, former executive chairperson of Autodesk, as its new chief executive officer and a member of the board of directors.
In January 1994, Jerry Yang and David Filo were Electrical Engineering graduate students at Stanford University when they created a website named "David and Jerry's Guide to the World Wide Web". David and Jerry's Guide to the World Wide Web was a directory of other web sites, organized in a hierarchy, as opposed to a searchable index of pages. In April 1994, "Jerry's Guide to the World Wide Web" was renamed "Yahoo!".The yahoo.com domain was created on January 18, 1995.
Yahoo! grew rapidly throughout the 90s. Like many search engines and web directories, Yahoo! diversified into a Web portal. It also made many high-profile acquisitions. Its stock price skyrocketed during the dot-com bubble, Yahoo! stocks closing at an all-time high of $118.75 a share on 3 January 2000. However, after the dot-com bubble burst, it reached an all-time low of $8.11.
In 2000, Yahoo! began using Google for search results. Over the next four years, it developed its own search technologies, which it began using in 2004. Yahoo! also revamped its mail service to compete with Google's Gmail in 2007. The company struggled through 2008, with several large layoffs.
In February 2008, Microsoft Corporation made an unsolicited bid to acquire Yahoo! for US$44.6 billion. Yahoo! subsequently formally rejected the bid, claiming that it "substantially undervalues" Yahoo! and was not in the interest of its shareholders. Carol Bartz replaced cofounder Jerry Yang in January 2009.
Founded in 1994 by Stanford Ph.D. students David Filo and Jerry Yang, Yahoo! began as a hobby and has evolved into a leading global brand that changed the way people communicate with each other, conduct transactions and access, share, and create information. Today, Yahoo! Inc. attracts hundreds of millions of users every month through its innovative technology and engaging content and services, making it one of the most trafficked Internet destinations and a world class online media company. Our offerings to users on Yahoo! Properties currently fall into five categories: Integrated Consumer Experiences, Applications (Communications and Communities), Search, Media Products & Solutions, and Mobile. The majority of our offerings are available in more than 30 languages. The company is headquartered in Sunnyvale, California, with a presence in more than 25 countries, provinces, and territories. |
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701 First Ave Sunnyvale, CA 94089 |
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Phone: 408-349-3300 |
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