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February 7, 2000: Yahoo.com was brought to a halt for a few hours as it was the victim of a distributed denial of service attack . [13] [14] On the next day, its shares rose by about $16, or 4.5 percent, as the failure was blamed on hackers rather than on an internal glitch, as was the case with an eBay incident earlier that year. [citation needed]
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.
Yahoo used to hold a 40% stake in Alibaba, which manages a web portal in China using the Yahoo brand name. Yahoo in the USA does not have direct control over Alibaba, which operates as a completely independent company. On September 18, 2012, following years of negotiations, Yahoo agreed to sell a 20% stake back to Alibaba for $7.6 billion. [177]
In yet another personnel shakeup for tech giant Yahoo! (NAS: YHOO) , CFO Tim Morse will be replaced by Ken Goldman, effective Oct. 22. Morse has been with the company three years. Goldman joins ...
Costco held the line in other ways, too. As Walmart-owned Sam's Club jacked up membership prices by $5-$10 in September, Costco held firm. Execs said it wasn't the right time to tax consumers ...
When Jerry and David's Guide to the World Wide Web was renamed to Yahoo! in 1994, Yang and Filo said that "Yet Another Hierarchical Officious Oracle" was a suitable backronym for this name, but they insisted they had selected the name because they liked the word's general definition, as in Gulliver's Travels by Jonathan Swift: "rude, unsophisticated, uncouth."
TCEHY earnings call for the period ending September 30, 2024. ... The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on ...
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. It also offers some online tools for personal finance management.