Jerry Yang and David Filo founded Yahoo in 1994 both were Stanford Graduates. It was a developed website listing or a directory to other sites as a search index.
The word "YAHOO" is an acronym for Yet Another Hierarchical Organized Oracle. It rapidly grew in the 90s and was destined to become a high profile company.
But in the dawn of 2000s it started a decline as it had made huge profits especially through advertising. Here are the reasons.
- Yahoo refused to buy Google for $1million.
- It's because they wanted users to spend more time on their own platform.
- Failed to buy Facebook for a billion dollars. Yahoo offered Facebook the money but that same day Facebook owners had a second thought and declined the offer.
- Failed accusations like Geocities which failed to deliver to the company and was shut down in 2009.
These are just some of the many reason this trch giant fell.
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