Yahoo Loses in Competition with Google and Facebook

Technology & Telecommunications

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15/12/2016 13:57 WIB

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Yahoo, Google, and Facebook Stock Market Capitalization 2008-2016

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Yahoo, Google, and Facebook Stock Market Capitalization 2008-2016

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Yahoo! Inc. is a global internet media company founded by David Filo and Jerry Yang in 1994. In 1996, Yahoo went public on the New York Stock Exchange under the trading symbol YHOO. While it dominated in the early 2000s, the popularity of Yahoo's content and search engine has since been eclipsed by Google and Facebook.

Yahoo Messenger, a messaging service that was once extremely popular, has also been overtaken by the rise of BBM, WhatsApp, Facebook Messenger, and others. Marissa Mayer, a founding engineer at Google, was recruited as CEO in 2012 to revive Yahoo's glory days. This effort failed, and Yahoo's decline continued. In July 2016, Yahoo was sold to Verizon for approximately US$5 billion.

Yahoo's market capitalization on September 30, 2016, reached US$39 billion, significantly trailing Facebook's US$347 billion and Google Inc.'s US$556 billion.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Yahoo Loses in Competition with Google and Facebook

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