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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! Clubs was launched in 1998 as an extension of services developed by Yahoo! Message. In August 2000 Yahoo acquired eGroups.com. [5] [6] [7] In 2001 Yahoo! deleted adult groups from its search directory, making it very difficult to locate Yahoo! groups with adult content. The Groups Updates Email feature was introduced in 2010.
In June 2005, the UAE-based private equity house Abraaj Capital purchased 40% of the company shares in a $5 million deal. [4] The rationale for such an acquisition (according to Abraaj's website [citation needed]) was that Maktoob has a large user base (claimed to be more than 4 million) and, according to marketing literature, "a dominant online payment option cashU and a strong brand name.
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