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Yahoo! was founded in January 1994 by Jerry Yang and David Filo, ... (14 percent of the workforce). This was the largest layoff in Yahoo!'s history. [10]
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 .
Yahoo holds a 34.75% minority stake in Yahoo Japan, while SoftBank holds 35.45%, [168] Yahoo!Xtra in New Zealand, which Yahoo!7 have 51% of and 49% belongs to Telecom New Zealand, and Yahoo!7 in Australia, which is a 50–50 agreement between Yahoo and the Seven Network. Historically, Yahoo entered into joint venture agreements with SoftBank ...
" Yahoo! received around 100,000 unique visitors by the fall of 1994. In April 1995, Yahoo! received a $2 million investment from Sequoia Capital, Tim Koogle was hired as CEO, and Yang and Filo were each appointed "Chief Yahoo." Yahoo! received a second round of funding in the Fall of 1995 from Reuters and Softbank. It went public in April 1996 ...
Yahoo! will pay $1.1 billion for Tumblr, and the company's CEO and founder David Karp will remain a large shareholder. [ 117 ] May 20, 2013: The revamp of the Yahoo-owned photography service Flickr was launched in Times Square , New York, U.S. in an event that was attended by the city's mayor and a large contingency of journalists.
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.
Yahoo's first acquisition was the purchase of Net Controls, a web search engine company, in September 1997 for US$1.4 million. As of April 2008, the company's largest acquisition is the purchase of Broadcast.com , an Internet radio company, for $5.7 billion, making Broadcast.com co-founder Mark Cuban a billionaire.
James Lanzone (born January 20, 1971) is an American businessman and the CEO of Yahoo Inc. Previously, he was CEO of Tinder.He is also the former president and CEO of CBS Interactive, a top 10 Internet property that operated key websites including CBS All Access, CNET, GameSpot, CBS News, Metacritic, CBS Sports, 247 Sports, Scout Media, MaxPreps.com, TVGuide.com, Last.fm and many others.