It is globally known for its Web portal, search engine Yahoo! The term "oracle" was intended to mean "source of truth and wisdom", and the term "officious", rather than being related to the word's normal meaning, described the many office workers who would use the Yahoo database while surfing from work.
Yahoo was founded by Jerry Yang and David Filo in January 1994 and was incorporated on March 2, 1995. The term "hierarchical" described how the Yahoo database was arranged in layers of subcategories.
However, after the dot-com bubble burst, it reached a post-bubble low of $8.11 on September 26, 2001. Over the next four years, it developed its own search technologies, which it began using in 2004.
In response to Google's Gmail, Yahoo began to offer unlimited email storage in 2007.
The company struggled through 2008, with several large layoffs.
In February 2008 Microsoft Corporation made an unsolicited bid to acquire Yahoo for US$44.6 billion.
Yahoo formally rejected the bid, claiming that it "substantially undervalues" the company and was not in the interest of its shareholders.
Three years later Yahoo had a market capitalization of US.24 billion.
In September 2011 she was removed from her position at Yahoo by the company's chairman Roy Bostock, and CFO Tim Morse was named as Interim CEO of the company.
It is one of the most popular sites in the United States.
Answers, advertising, online mapping, video sharing, fantasy sports, and its social media website.
However, Filo and Yang insist they mainly selected the name because they liked the slang definition of a "yahoo" (used by college students in David Filo's native Louisiana in the late 1980s and early 1990s to refer to an unsophisticated, rural Southerner): "rude, unsophisticated, uncouth." Filo's college girlfriend often referred to Filo as a "yahoo." This meaning derives from the Yahoo race of fictional beings from Gulliver's Travels. Like many web search engines and web directories, Yahoo added a web portal.
By 1998, Yahoo was the most popular starting point for web users. Its stock price skyrocketed during the dot-com bubble, Yahoo stocks closing at an all-time high of 8.75 a share on January 3, 2000.