On June 16, 2017, parts of the original Yahoo Inc, which were not purchased by Verizon Communications, were renamed Altaba Inc.On the United States Securities and Exchange Commission's website, they listed the new company as a "non-diversified, closed-end management investment company." Yahoo operated a portal that provides the latest news, entertainment, and sports information.However, Filo and Yang insist they mainly selected the name because they liked the slang definition of a "yahoo" (used by college students in David Filo's native Louisiana in the late 1980s and early 1990s to refer to an unsophisticated, rural Southerner): "rude, unsophisticated, uncouth." This meaning derives from the Yahoo race of fictional beings from Gulliver's Travels. Like many search engines and web directories, Yahoo added a web portal.By 1998, Yahoo was the most popular starting point for web users It also made many high-profile acquisitions.is sell the company." Following the conclusion of the purchase, these assets will be merged with AOL to form a new entity known as Oath; Yahoo, AOL, and Huffington Post will continue to operate under their own names, under the Oath umbrella.The deal excludes Yahoo's 15% stake in Alibaba Group and 35.5% stake in Yahoo!
Yahoo closed Yahoo Buzz, My Blog Log, and numerous other products on April 21, 2011.
At its height it was one of the most popular sites in the United States.
Answers, advertising, online mapping, video sharing, fantasy sports, and its social media website.
It was globally known for its Web portal, search engine Yahoo! Japan which were transferred to Yahoo's successor company Altaba.
and in 2017, Verizon Communications acquired most of Yahoo's Internet business for .48 billion, excluding its stakes in Alibaba Group and Yahoo!
On April 4, 2012, Yahoo announced a cut of 2,000 jobs or about 14 percent of its 14,100 workers.