Yahoo YHOO Stock Price After the 2000 Dot.Com Bubble Stock Market Crash
In January 1994, Jerry Yang and David Filo were graduate students at Stanford University when they created a website named “Jerry’s guide to the world wide web”. David and Jerry’s Guide to the World Wide Web was a directory of other websites, organized in a hierarchy, as opposed to a searchable index of pages. In April 1994, “David and Jerry’s Guide to the World Wide Web” was renamed “Yahoo!” — the “yahoo.com” domain was created on January 18, 1995.
Yahoo! (Stock Symbol: YHOO) grew rapidly throughout the 1990s. Like many search engines and web directories, Yahoo! diversified into a web portal. It also made many high-profile acquisitions. Its stock price skyrocketed during the dot-com bubble, with Yahoo! stock closing at an all-time high of $118.75 per share on January 3, 2000. However, after the Dot.com Bubble burst, it settled at a post-bubble low of $4.05 per share on September 26, 2001.
If you bought just 1 share of Yahoo for $4.05 on September 26, 2001 — you would currently own 2 shares and it would be worth $29.74 adjusted for stock splits as of August 23, 2012.
In February 2008, Microsoft (Stock Symbol: MSFT) made an unsolicited bid to acquire Yahoo! for $44.6 billion. Yahoo! formally rejected the bid, claiming that it “substantially undervalues” Yahoo! and was not in the interest of its shareholders. Three years later, Yahoo! had a stock market capitalization of $22.24 billion.
Yahoo! Inc., together with its subsidiaries, operates as a digital media company that delivers personalized digital content and experiences worldwide. It offers online properties and services to users in three categories, including communications and communities, search and marketplaces, and media.
The company’s communications and communities offerings include Yahoo! Mail, Yahoo! Messenger, Yahoo! Groups, Yahoo! Answers, Flickr, and Connected TV, which deliver a range of communication and social services that enable users to organize into groups and share knowledge, common interests, and photos.
Its search products comprise Yahoo! Search and Yahoo! Local that serve as the starting points from which users navigate the Internet and discover content; and marketplace offerings consist of Yahoo! Shopping, Yahoo! Travel, Yahoo! Real Estate, Yahoo! Autos, and Yahoo! Small Business that enable users to research on specific topics, products, services, or areas of interest by reviewing and exchanging information, obtaining contact details, or considering offers from providers of goods and services, or parties with similar interests.
The company’s media properties include Yahoo! Homepage, Yahoo! News, Yahoo! Sports, Yahoo! Finance, My Yahoo!, Yahoo! Toolbar, Yahoo! Entertainment & Lifestyles, Livestand from Yahoo!, IntoNow from Yahoo!, and Yahoo! Contributor Network that are designed to engage users with online content and services on the Web. It also offers a range of marketing services, such as display advertising, search advertising, listing-based services, and commerce-based transactions to advertisers to reach and connect with users on Yahoo! properties and affiliate sites.
In addition, the company provides various software and platform offerings for third-party developers, advertisers, agencies, publishers, and designers to build and incorporate new products and innovations.
Yahoo! Inc. was founded in 1994 and is headquartered in Sunnyvale, California.
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