
Yahoo! Inc. was founded by Jerry Yang and David Filo in January 1994 and was incorporated on March 1, 1995. On January 13, 2009, Yahoo! appointedCarol Bartz, former executive chairman of Autodesk, as its new chief executive officer and a member of the board of directors. On September 6, 2011, Bartz was removed from her position at Yahoo! by chairman Roy Bostock and CFO Tim Morse was named as Interim CEO of the company. On January 4, 2012, Scott Thompson, former President of PayPal, was named the new chief executive officer.According to news sources roughly 700 million people visit Yahoo websites every month. Yahoo! itself claims it attracts "more than half a billion consumers every month in more than 30 languages".
Yahoo! Inc. (NASDAQ: YHOO) is an American multinational internet corporation headquartered in Sunnyvale, California, United States. The company is perhaps best known for its web portal, search engine (Yahoo! Search), Yahoo! Directory, Yahoo! Mail, Yahoo! News, Yahoo! Groups, Yahoo! Answers,advertising, online mapping, video sharing, fantasy sports and social media website and services. It is one of the largest websites in the United States.
Yahoo! was started in a Stanford University campus trailer. It was founded in January 1994 by Jerry Yang and David Filo, who were Electrical Engineering graduate students when they created a website named "Jerry and David's Guide to the World Wide Web". The Guide was a directory of other websites, organized in a hierarchy, as opposed to a searchable index of pages. In April 1994, Jerry and David's Guide to the World Wide Web was renamed "Yahoo!".] The yahoo.com domain was created on January 18, 1995.
In 2000, Yahoo! began using Google for search results. Over the next four years, it developed its own search technologies, which it started using in 2004. Yahoo! also revamped its mail service to compete with Google's Gmail in 2007. The company struggled through 2008, with several large layoffs.
Upon the April 1994 renaming of Jerry and David's Guide to the World Wide Web to Yahoo!, Yang and Filo said that "Yet Another Hierarchical Officious Oracle" was a suitable backronym for this name, but they insisted they had selected the name because they liked the word's general definition, as in Gulliver's Travels by Jonathan Swift: "rude, unsophisticated, uncouth." Its URL was akebono.stanford.edu/yahoo
While the yahoo.com domain was created in January 1995, by the end of 1994 Yahoo! had already received one million hits. Yang and Filo realized their website had massive business potential, and on March 2, 1995, Yahoo! was incorporated. On April 5, 1995, Michael Moritz of Sequoia Capital provided Yahoo! with two rounds of venture capital, raising approximately $3 million. On April 12, 1996, Yahoo! had its initial public offering, raising $33.8 million dollars by selling 2.6 million shares at the opening bid of $13 each.
The word "Yahoo" had previously been trademarked for barbecue sauce, knives (by EBSCO Industries) and human propelled watercraft (by Old Town Canoe Co.). Therefore, in order to get control of the trademark, Yang and Filo added the exclamation mark to the name. However, the exclamation mark is often incorrectly omitted when referring to Yahoo!.

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