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July 6, 2012: Yahoo! and Facebook settle their patent dispute. [102] July 16, 2012: Marissa Mayer is appointed CEO. [103] July 30, 2012: Levinsohn, former interim CEO, leaves Yahoo! [104] September 18, 2012: Yahoo! announced the completion of the first stage of the Alibaba share repurchase.
Early history (1994–1996) Upon the April 1994 renaming of Jerry and David's Guide to the World Wide Web to Yahoo!, 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."
In 1998, Yahoo replaced AltaVista as the crawler-based search engine underlying the Directory with Inktomi. Yahoo's two biggest acquisitions were made in 1999: Geocities for $3.6 billion and Broadcast.com for $5.7 billion. Its stock price skyrocketed during the dot-com bubble, closing at an all-time high of $118.75/share on January 3, 2000 ...
Finance. Yahoo! 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. In addition to posting paid partner content from other web sites ...
The S&P 500 has gained an average of 23% in the 18 months following the 20% threshold, which in the current context would roughly represent 2024 year-end. For reference, the S&P 500 closed at ...
Only the aforementioned technical glitches and underwriter support prevented the stock price from falling below the IPO price on the first day of trading. At closing bell, shares were valued at $38.23, only $0.23 above the IPO price and down $3.82 from the opening bell value. The opening was widely described by the financial press as a ...
While the "marriage" didn't last, it was biggest corporate merger in history at the time. 2006: America Online drops its old name to officially become AOL and no longer charges for email services ...
On February 21, 2017, Verizon agreed to lower its purchase price for Yahoo! by $350 million, and share liabilities regarding the investigation into the data breaches. On June 8, 2017, Yahoo shareholders approved the company's sale of some of its Internet assets to Verizon for $4.48 billion. The deal officially closed on June 13, 2017.
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