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Yahoo (/ ˈ j ɑː h uː / ⓘ, styled yahoo! in its logo) [4] [5] is an American web services provider. It is headquartered in Sunnyvale, California , and operated by the namesake company Yahoo! Inc. , which is 90% owned by investment funds managed by Apollo Global Management and 10% by Verizon .
The original incarnation of Yahoo! Inc. [3] was an American multinational technology company headquartered in Sunnyvale, California. Yahoo was founded by Jerry Yang and David Filo in January 1994 and was incorporated on March 2, 1995. [4] [5] Yahoo was one of the pioneers of the early internet era in the 1990s. [6]
As of July 2023, Yang has a net worth of $2.5 billion. [3] Early life and education Yang was born ... " Yahoo! received around 100,000 unique visitors by the fall of ...
Yahoo! Inc. is an American multinational technology company that focuses on media and online business. It is the second and current incarnation of the company, after Verizon Communications acquired the core assets of its predecessor and merged them with AOL in 2017.
On May 20, 2013, Mayer led Yahoo! to acquire Tumblr in a $1.1 billion acquisition. [54] [55] In February 2016, Yahoo! acknowledged that the value of Tumblr had fallen by $230 million since it was acquired. In July 2013, Yahoo! reported a fall in revenues, but a rise in profits compared with the same period in the previous year.
The deal is expected to net Yahoo! $4.3 billion, and Mayer states that the board and management decided to return $3 billion to shareholders. [ 105 ] Yahoo! announces that CFO Tim Morse will be replaced by Ken Goldman on October 22, 2012.
David Robert Filo (born April 20, 1966) is an American billionaire businessman and the co-founder of Yahoo! with classmate Jerry Yang.His Filo Server Program, written in the C programming language, was the server-side software used to dynamically serve variable web pages, called Filo Server Pages, on visits to early versions of the Yahoo! website.
According to Forbes (2020), Acton is the 836th-richest person in the world, with a net worth of $2.5 billion. [4] ... Two years after Acton joined Yahoo, ...