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Hakim Solovyov
Hakim Solovyov

How To Buy Yahoo Stock

Yahoo! (/ˈjɑːhuː/, styled yahoo! in its logo)[4][5] is an American web services provider. It is headquartered in Sunnyvale, California and operated by the namesake company Yahoo! Inc., which is 90% owned by investment funds managed by Apollo Global Management and 10% by Verizon Communications.

how to buy yahoo stock


In January 1994, Yang and Filo were electrical engineering graduate students at Stanford University, when they created a website named "Jerry and David's guide to the World Wide Web".[9][10][11][12] The site was a human-edited web directory, organized in a hierarchy, as opposed to a searchable index of pages. In March 1994, "Jerry and David's Guide to the World Wide Web" was renamed "Yahoo!" and became known as the Yahoo Directory.[10][13][14][15][16] The "" domain was registered on January 18, 1995.[17]

The word "yahoo" is a backronym for "Yet Another Hierarchically Organized Oracle"[18] or "Yet Another Hierarchical Officious Oracle".[19] The term "hierarchical" described how the Yahoo database was arranged in layers of subcategories. 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.[20] 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."[21] This meaning derives from the Yahoo race of fictional beings from Gulliver's Travels.

Yahoo grew rapidly throughout the 1990s. Yahoo became a public company via an initial public offering in April 1996 and its stock price rose 600% within two years.[25] Like many search engines and web directories, Yahoo added a web portal, putting it in competition with services including Excite, Lycos, and America Online.[26] By 1998, Yahoo was the most popular starting point for web users,[27] and the human-edited Yahoo Directory the most popular search engine,[15] receiving 95 million page views per day, triple that of rival Excite.[25] It also made many high-profile acquisitions. Yahoo began offering free e-mail from October 1997 after the acquisition of RocketMail, which was then renamed to Yahoo Mail.[28] In 1998, Yahoo replaced AltaVista as the crawler-based search engine underlying the Directory with Inktomi.[29] Yahoo's two biggest acquisitions were made in 1999: Geocities for $3.6 billion[30] and for $5.7 billion.[31]

Its stock price skyrocketed during the dot-com bubble, closing at an all-time high of $118.75/share on January 3, 2000. However, after the dot-com bubble burst, it reached a post-bubble low of $8.11 on September 26, 2001.[32]

Carol Bartz, who had no previous experience in Internet advertising, replaced Yang as CEO in January 2009.[43][44] In September 2011, after failing to meet targets, she was fired by chairman Roy J. Bostock; CFO Tim Morse was named as Interim CEO of the company.[45][46]

BuzzFeed acquired HuffPost from Yahoo in November 2020, in a stock deal with Yahoo as a minority shareholder.[126][127] The NFL partnered with Yahoo in 2020, to introduce a new "Watch Together" function on the Yahoo Sports app for interactive co-viewing through a synchronized livestream of local and primetime NFL games.[128] The Paley Center for Media collaborated with Verizon Media to exclusively stream programs on Yahoo platforms beginning in 2020.[129]

After taxes, the company pocketed $4.3 billion by selling half its stake in Chinese Internet company Alibaba Group Ltd. Mayer has pledged to spend $3.6 billion buying back Yahoo's stock, including $600 million that had gone toward share repurchases before the Alibaba deal closed in mid-September.

Goldman Sachs analyst Heath Terry believes Yahoo's stock will climb even higher, as more investor enthusiasm builds for Mayer's turnaround strategy and the value of the company's remaining holdings in Asian Internet companies becomes clearer. Besides retaining a 24 percent stake in Alibaba, Yahoo also owns 35 percent of Yahoo Japan. He also thinks Yahoo's stock will get a boost from future buybacks planned by Yahoo. 041b061a72


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