Yahoo! is an American public corporation headquartered in Sunnyvale, CA that provides internet services worldwide, Yahoo! is most popular for its search engine, mail, Directory, and maps. As of January, 2010, Yahoo held the world's largest market share in online display advertising.
Yahoo! was founded by Jerry Yang and David Filo in January 1994 and was incorporated on March 1, 1995. On January 13, 2009, Yahoo! appointed Carol Bartz, former executive chairperson of Autodesk, as its new chief executive officer and a member of the board of directors.
In January 1994, David Filo and Jerry Yang were Electrical Engineering graduate students at Stanford University. In April 1994, "Jerry and David's Guide to the World Wide Web" was renamed "Yahoo!", for which the official backcronym is "Yet Another Hierarchical Officious Oracle". Filo and Yang said that they selected the name because they liked the word's general definition.
The yahoo.com domain was created on January 18, 1995. Yang and Filo realized their website had massive business potential, and on March 1, 1995, Yahoo! was incorporated. On April 5, 1995, Michael Moritz provided Yahoo! with two rounds of venture capital, raising approximately $3 million. On April 12, 1996, Yahoo! had its initial public offering, raising $33.8 million, by selling 2.6 million shares at $13 each.
Like many web search engines, Yahoo! diversified into a web portal. In the late 1990s, Yahoo! and other Web portals were growing rapidly. Web portal providers rushed to acquire companies to expand their range of services, in the hope of increasing the time a user stayed at the portal.
Yahoo! is known across the world with its multi-lingual interface. The site is available in over 20 languages, including English. The official directory for all of the Yahoo! International sites is world.yahoo.com. 2008, Darren Petterson, business development director for Yahoo! Europe confirmed that Yahoo! was going to launch a Romanian version of their website by the end of the year, however, due to the financial crisis at that time, those plans were frozen. In February 2010, new reports appeared in the Romanian media claiming that the portal will finally launch by June the same year, as some services like Yahoo! Mail and Yahoo! Mobile are already translated into Romanian.
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