On April 4, 2012, Yahoo announced a cut of 2,000 jobs or about 14 percent of its 14,100 workers.
Yahoo was founded by Jerry Yang and David Filo in January 1994 and was incorporated on March 2, 1995. Japan) for $4.8 billion—the company was once worth over $100 billion.
) is an American multinational technology company headquartered in Sunnyvale, California. is the highest-read news and media website, with over 7 billion views per month, being the sixth most visited website globally, As of 28 December 2016 and on July 25, 2016 Verizon Communications announced its intent to acquire Yahoo's internet business (excluding its stakes in Alibaba Group and Yahoo!
On October 16, 2007, Yahoo announced that it would discontinue Yahoo 360°, including bug repairs; the company explained that in 2008 it would instead establish a "universal profile" similar to the Yahoo Mash experimental system.
Yahoo partners with numerous content providers in products such as Yahoo Sports, Yahoo Finance, Yahoo Music, Yahoo Movies, Yahoo Weather, Yahoo News, Yahoo!
Japan; following the completion of the acquisition, these assets will be retained under the name Altaba, while Mayer and most of the current executive staff would step down.