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In August 2000, with 18 million users, the company was bought by Yahoo! for $432m in a stock deal and became Yahoo! Groups. [4] In 2019, Verizon bought Yahoo! and shut down the ability to upload new files on October 29, 2019, and removed the existence of files in the Groups on January 31, 2020. Mailing lists are still available. [5]
Yahoo! grew rapidly throughout the 1990s and diversified into a web portal, followed by numerous high-profile acquisitions. The company's stock price skyrocketed during the dot-com bubble and closed at an all-time high of US$118.75 in 2000; [14] however, after the dot-com bubble burst, it reached an all-time low of US$8.11 in 2001. [15]
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.
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Yahoo grew rapidly throughout the 1990s. Yahoo became a public company via an initial public offering in April 1996 and its stock price rose 600% within two years. [24] Like many search engines and web directories, Yahoo added a web portal, putting it in competition with services including Excite, Lycos, and America Online. [25]
Yahoo Finance is a media property that is part of the Yahoo network. It provides financial news, data and commentary including stock quotes , press releases , financial reports , and original content.
Read more about Yahoo Finance's 2024 company awards: Walmart is the 2024 Yahoo Finance Company of the Year How Walmart's $90 billion Sam's Club is aiming to take down Costco
Kelkoo Group – A European price comparison tool that was acquired by Yahoo! in 2004 and sold in 2008. [44] [45] Yahoo! Korea was the South Korean affiliate of Yahoo!, founded in September 1997. Its headquarters was the Yahoo! Tower on Teheranno in the Gangnam District of Seoul. On December 31, 2012, Yahoo!