Most of us know about the latest update from Yahoo!. Yes, you rightly take that, we are talking about Yahoo!’s sale to Verizon. But what is not known to most people are many facts which have been hidden until now. Here are 10 lesser known facts about Yahoo!.
- Yahoo!’s early days: It were two students, Jerry Yang and David Filo, from Stanford University who first initiated Yahoo! in the year 1994, as to keep a track of their interest online. The inceptive name of the portal was “Jerry’s Guide to the World Wide Web”. Later, in a couple of months, they changed the name as Yahoo!, as an acronym to “Yet Another Hierarchical Officious Oracle”. Finally, they added an exclamation mark to the name as a signature and to vary themselves from a BBQ sauce company with the name ‘Yahoo’.
- Yahoo!’s Domination: Yahoo! is one of the most popular and old platform to connect people while serving all sort of information. It was in the year 1997-98 when it has seen the most flamboyant boom in its history. At the time, millions of users were approximately surfing 95 million pages via Yahoo!.
- Yahoo! & Google’s uninitiated deal: Yahoo! went twice to buy Google, its strongest competitor. For the first, founder of Google, Larry Page and Sergey Brin, asked for $1 billion, for which Yahoo! Chief Terry Semel didn’t agree. After that, when Semel agreed to pay off $1 billion, Larry and Sergey raised the deal amount to $3 billion, result in no deal at all between the two.
- Facebook deal with Yahoo!: In the year 2006, Yahoo! had offered $1 billion to acquire Facebook, which was turned down by Mark Zuckerberg, saying “I don’t know what I could do with the money. I’d just start another social networking site. I kind of like the one I already have.”
- Microsoft with Yahoo!: Microsoft had offered $20 billion in exchange of Yahoo! Search business in the year 2008. But somehow that deal didn’t take place. Then, a year after, another deal was signed between the two giants of technology which gave complete access to Microsoft on Yahoo!’s search for its search engine, Bing.
- Yahoo!’s CEOs: Yahoo! in total held 8 CEOs with approximately 11,700 employees. It also has a 1 billion monthly users that include around 600 million mobile users.
- Yahoo! is largely used in Japan: According to a data, Yahoo! ranks second as a portal. In total, there are about 96.8% visitors on the website and it stakes 34 percent in Japan which is worth $8.3 billion. Isn’t that huge?
- Its acquisitions: Up until Sept. 2015, Yahoo! owned and operated over fifty different web portals. Many of these websites earned recognition before being acquired by Yahoo!. Some of them included Flickr, Geocities, Delicious, Yahoo! Games and Upcoming.org.
Yahoo! has paid enough in order to acquire many web properties. Highest of these prices was $5.7 billion. On the other hand, their cheapest acquisition costed around $1 million in the year 1997.
- Biggest open source contribution: When it comes to open source contribution, Yahoo! leaves all others behind. It has used best of all technologies for the same. However, Yahoo! failed to go beyond in marketing. Apparently, it resulted in their efforts towards Information Technology, not being recognized.
- Yahoo!’s Deal: While in the course of acquiring many other web properties, Yahoo! also has sold itself to a telecom company, Verizon. It took a month long for Yahoo! to decide its buyer. After a month-long bidding it finally sold itself to Verizon on 25th July, 2016 for a cash price worth $4.83 billion. This deal includes Yahoo!’s advertising, content, search, and mobile activities. On the other hand, its stake in Alibaba, Yahoo! Japan and Yahoo!’s patent portfolio aren’t a part of this deal. The net worth of the three amount to $31.2 billion, $8.3 billion and $1 billion respectively.
These are some of the amazing facts about Yahoo!, the oldest and one of the strongest search giant. We wish, with new merging and acquisition, Yahoo! come back with a bang and give users more than it has even given!