Yahoo Inc. an American multinational technology company, was founded by Jerry Young and David Filo in January 1994 and was incorporated on March 2, 1995 .It was a boon in the early era Internet during 1990’s.It is known for the Web Portal ,search engine, mail service,news,finance, social media etc.It is one of the most popular sites in the world and according to Alexa ranking it stands in the 5th position.Yahoo has the highest read news and media website with over 7 billion views per month.But after the shift of 2000 it started to decline as a lower shift. In 25th July 2016, an American company Verizon announced its intent to acquire Yahoo’s site for US $ 4.8 billion ,which once worth over US $ 100 billion.
One of the most important companies has now reached to end of its life.Yahoo board approved the sale.
The companies shareholder must be still approved the deal.It is expected to be closed at early 2017.
Yahoo,could never adapt its technology in post 2000 and counter its rival like Facebook and Google
The high profile of the two decades now is going to be extinct forever.
The other successful companies like Google and Facebook mainly focused on the culture and hired the talented engineers ,but in the case of Yahoo they never focused in that part.This was the main reason to be declining future of Yahoo they tried everything to bring back the charm of the company including recruitment of Gadget reviewer David Pogue from New York , but nothing marked as a whole.
For more please keeping watching with us at Techoholic….