How did Yahoo.com bloom into the all emcompassing Media site - History of Yahoo (893 hits)
History Of Yahoo
By The Naeth
Jerry Yang and David Filo, Stanford electrical engineering grads, started Yahoo! in January 1994 with "Jerry and David's Guide to the World Wide Web". Instead of an index, the Guide was a hierarchical directory of websites. Jerry and David's Guide to the Web became "Yahoo" in April 1994.
The acronym "YAHOO" derives from "Yet Another Hierarchically Organized Oracle" or "Yet Another Hierarchical Officious Oracle."The yahoo.com domain was founded January 18, 1995.
Yahoo! expanded into a web portal and made several high-profile acquisitions during 1990–1999. The dot-com boom drove the company's stock price to an all-time high of US$118.75 in 2000.
It hit an all-time low of $8.11 in 2001 when the dot-com boom broke. Yahoo! officially rejected Microsoft's 2008 purchase attempt.Yahoo cut off 2,000 workers (14% of their staff) in early 2012. The biggest Yahoo! layoff ever.
