Yahoo! Finance is a media company that belongs to the Yahoo! network. Additionally to stock quotes, news articles, financial reports, and original content, it provides financial news, information, and opinion.
It also offers some online tools for controlling personal finances. Along with content from other websites provided by paid partners, it publishes original articles written by its own journalists. It ranks as the 20th-largest news and media website on SimilarWeb.
The capability to look at cryptocurrency news was added to Yahoo! Finance in 2017.It includes Bitcoin and Ethereum among its more than 9,000 unique coins.
To say that Jerry Yang and David Filo’s 1994 creation Yahoo! Inc. was the SpaceX of the late 1990s is merely a slight exaggeration.
When the Internet was first created, the idea of using just one search engine to quickly and easily search this amazing invention known as the Internet seemed as far-fetched as modern asteroid mining or commercial space travel does today.
With the addition of a free email service, instant messaging, and hourly news feeds, Yahoo seemed destined to take the lead among technology companies in the twenty-first century.
Then came Google, later known as Alphabet Inc. (GOOG). Offering nearly everything Yahoo did, but more affordably and quickly, it doomed Yahoo to the unfortunate fate of deteriorating from brash upstart to sluggish legacy company in just 18 months.
Today, Yahoo is a diminished but still successful collection of disparate services, including web hosting, maps, celebrity gossip, fantasy football, and more, all packaged for the company’s actual customers, advertisers.
Yahoo was purchased by Verizon (VZ) in 2017 for $4.5 billion after its revenues started to decline after reaching their peak in 2007. Since then, it has operated alongside brands like HuffPost and Tumblr under the former “Oath” brand, which has since been rebranded as “Verizon Media.”
Confoundingly, Verizon Media and Oath are both active at the moment, meaning that websites like Yahoo are in fact managed by two different businesses. The management has become chaotic as a result.
Yahoo had the potential to overtake all other tech companies by the late 1990s. Google then appeared.
Yahoo’s revenue peaked in 2007, and it has been declining ever since.
In June 2017, Verizon paid $4.5 billion to acquire Yahoo.
Over a third of the branded websites operated by Verizon Media are nine Yahoo sites.
Conclusion
Yahoo had the potential to overtake all other tech companies by the late 1990s. Google then appeared.
Yahoo’s revenue peaked in 2007, and it has been declining ever since.
In June 2017, Verizon paid $4.5 billion to acquire Yahoo.
Over a third of the branded websites operated by Verizon Media are nine Yahoo sites.