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The Rise And Fall Of Yahoo

RISE Y! FALL Within five years Yahool has gone from being the pinnacle of dot com success to a shadow of its former self. From extravagant business acquistions to a rotating door of CEOS, Yahool may very well be the ideal example of why dot com businesses fail. Here is a timeline of the highest highs and lowest lows for this former internet sensation. YAHOO! SUCCESSES YAHOO! FAILURES Time to buy that second Maybach! So far, so good. Maybe it won't get any worse. The world We're in the money! Not so good. is ending! 1994 Two lowly electrical engineering graduates students, Jerry Yang and David Filo, create their guide to the Web reportedly from a trailer on Stanford campus. |1995 Yahoo is born APRIL 1995 Yahoo has raises nearly $2 million in venture capital funding. 1996 So begins the reign of Mallett. Jeff Mallett the Oz-like wizard of Yahoo! APRIL 1996 Yahoo! goes public and has an initial public offering of $33.00. Brokers are ravenous for a new dot com company and begin to turn rabid trying to buy up shares. Yahool closes at 43.00. 1999 Yahoo! wants to expand like a super nova. The company goes on a massive shopping spree and buys Geocities for $3.6 billion and Broadcast.com for $5.7 million-nearly 100 times the subjective annual revenue. OTHER PURCHASES Some of the other companies picked up by Yahool are Hotjobs, MusicMatch, eGroups, Kelkoo, Flickr, Konfabulator, Upcoing.org and Delicio.us. 2000 New highs! Yahool stock closes at an all time high, $475.00 (pre-split price) a share. Investors begin to fill swimming pools with hundred dollar bills. Yahoo! continues to buy, buy, buy. THE BUBBLE BURSTS JUNE 2000 Very small kink. Human Yahoo editors can't keep up with search engine 'spider bots'. Yahoo! switchings to the newest search engine, Google, for its results. 2001 CEO, Terry Semel, kicks Mallett to the curb. SEPT 2001 Yahoo stock plummets to $8.11 (pre-split) per share. Swimming pools are now filled with investor tears. AUG 2002 Yahoo! trys to buy Google for $3 billion. Google promptly smacks Yahoo! right in the face with a no. 2004 Yahool decides they can be a search engine too. It begins to launch its owm web-crawling algorithim and opens Yahoo Research Labs. Yahoo! 's search monetization doesn't go as well as planned. 2005 User created chatrooms are closed down due to frequent bouts of trolling. 2006 THE PEANUT BUTTER MANIFESTO Yahoo! tries to buy every other dot com company but passes on thefacebook.com and youtube.com. An internal memo surfaces outlining Yahool's intrinsic problems and inevitable downfall. The synopsis: a thin layer of investment spread across everything with Yahoo! focusing on nothing in particular. 2007 BY THE WAY... Semel quits and Jerry Yang takes over the reigns Google launches "universal search" in 2007 and their new 'Adwords' will earn the company nearly $23 billion in 20 2009. 2008 Microsoft tries to buy Yahoo! for $44.6 billion. Yahoo! says "hell nol". JAN 2009 Carol Bertz becomes CEO. JUNE 2009 Microsoft and Yahoo! come to an agreement where Microsoft will algorithmic results. Yahool's marketshare has continued to drop. power Yahoo!'s ads and OCT 2009 Geocities is shut down and the sound of $3.6 billion dollars being flushed down the toilet reverberates through the mostly empty Yahoo! office building. DEC 2009 Yahoo! closes its directories France, Germany, Italy and Spain. FEB 2010 THE NEW TREND Yahoo! sells Hotjobs to Monster.com for $225 million, a loss of $211 million. Yahoo! hears that outsourcing is all the rage. Yahoo! Shopping is outsourced to Pricegrabber, Yahoo! Personals to Match.com, Yahoo! Real Estate to Zillow and Yahoo! Self-Esteem to Google. Paul Graham states in an article "What Happened To Yahoo", that Yahoo! is doomed to failure because it originally profited from a defacto Ponzi scheme. FOCUS Sources: Gawker.com TechCrunch.com. PaulGraham.com

The Rise And Fall Of Yahoo

shared by Ronnie on Jun 30
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It’s no secret that Yahoo is in a troubled place. And has been for awhile. We just learned of the news that Yahoo is looking to sell bookmarking service Delicious and “sunsetting” a number of ot...

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