On July 16, former Google executive Marissa Mayer, became the CEO of the company. Former PayPal president Scott Thompson became CEO in January 2012 and after he resigned was replaced by Ross Levinsohn as the company's interim CEO on May 13, 2012. Ĭarol Bartz replaced co-founder Jerry Yang as CEO in January 2009, but was fired by the board of directors in September 2011 Tim Morse was appointed as interim CEO following Bartz's departure. In early 2012, the largest layoff in Yahoo!'s history was completed and 2,000 employees (14 percent of the workforce) lost their jobs. Yahoo! formally rejected an acquisition bid from the Microsoft Corporation in 2008. The company's stock price skyrocketed during the dot-com bubble and closed at an all-time high of US$118.75 in 2000 however, after the dot-com bubble burst, it reached an all-time low of $8.11 in 2001. Yahoo! grew rapidly throughout the 1990s and diversified into a web portal, followed by numerous high-profile acquisitions. The word "YAHOO" is a backronym for " Yet Another Hierarchically Organized Oracle" or "Yet Another Hierarchical Officious Oracle." The domain was created on January 18, 1995. In April 1994, Jerry and David's Guide to the World Wide Web was renamed "Yahoo!". The Guide was a directory of other websites, organized in a hierarchy, as opposed to a searchable index of pages. It was founded in January 1994 by Jerry Yang and David Filo, who were Electrical Engineering graduate students when they created a website named "Jerry and David's Guide to the World Wide Web". Please help update this article to reflect recent events or newly available information.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |