Yahoo was founded by Jerry Yang and David Filo in January 1994 and was an early pioneer in the dotcom boom, but was quickly overhauled by Google and others. In 2008, it rejected a US$44.6 billion bid from Microsoft, and subsequently Yahoo’s market capitalisation slipped to just US$22.24 billion just three years later.
Yahoo boss says monthly traffic surpasses 800 million users
Yahoo chief executive Marissa Mayer said the Internet company now has more than 800 million monthly active users, which she said represented 20 per cent growth.
Speaking at the TechCrunch Disrupt conference in San Francisco on Wednesday, Mayer said the 800 million users did not include traffic from Tumblr, the online blog and social media hub that it acquired earlier this year.