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Yahoo! Inc. is an American multinational technology company that focuses on media and online business. It is the second and current incarnation of the company, after Verizon Communications acquired the core assets of its predecessor and merged them with AOL in 2017.
The first data breach occurred on Yahoo servers in August 2013 [1] and affected all three billion user accounts. [2] [3] Yahoo announced the breach on December 14, 2016. [4] Marissa Mayer, who was CEO of Yahoo at the time of the breach, testified before Congress in 2017 that Yahoo had been unable to determine who perpetrated the 2013 breach. [5]
Yahoo's first acquisition was the purchase of Net Controls, a web search engine company, in September 1997 for US$1.4 million. As of April 2008, the company's largest acquisition is the purchase of Broadcast.com , an Internet radio company, for $5.7 billion, making Broadcast.com co-founder Mark Cuban a billionaire.
AOL Instant Messenger (AIM) – was AOL's proprietary instant-messaging tool. It was released in 1997. It lost market share to competition in the instant messenger market such as Google Chat, Facebook Messenger, and Skype. [128] It also included a video-chat service, AV by AIM. On December 15, 2017, AOL discontinued AIM. [129]
Yahoo! Messenger (sometimes abbreviated Y!M) was an advertisement-supported instant messaging client and associated protocol provided by Yahoo!.Yahoo! Messenger was provided free of charge and could be downloaded and used with a generic "Yahoo ID" which also allowed access to other Yahoo! services, such as Yahoo!
In June 2001, after the bursting of the dot-com bubble, Yahoo! acquired LAUNCH Media, which was facing financial difficulty, for $12 million. [1] [2] [3] In addition to a website with music news and videos, it provided an Internet radio service that allowed users to create personalized Internet radio stations by rating songs selected by a recommender system.
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