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In response to Google's Gmail, Yahoo began to offer unlimited email storage in 2007.
The company struggled through 2008, with several large layoffs.
is sell the company." Following the conclusion of the purchase, these assets will be merged with AOL to form a new entity known as Oath Inc.; Yahoo, AOL, and Huffington Post will continue to operate under their own names, under the Oath Inc. The deal excludes Yahoo's 15% stake in Alibaba Group and 35.5% stake in Yahoo!
Japan; following the completion of the acquisition, these assets will be retained under the name Altaba, with a new executive team.
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." This meaning derives from the Yahoo race of fictional beings from Gulliver's Travels. Like many search engines and web directories, Yahoo added a web portal.
The portal also gave users access to other Yahoo services like Yahoo!It was 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. The term "hierarchical" described how the Yahoo database was arranged in layers of subcategories.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.However, after the dot-com bubble burst, it reached a post-bubble low of .11 on September 26, 2001. Over the next four years, it developed its own search technologies, which it began using in 2004.
The cut was expected to save around $375 million annually after the layoffs were completed at end of 2012.