Did you know that YAHOO is an abbreviation and not a word? I didn’t know that either. So, it may feel a little strange to hear that the company’s name we thought was a word our whole life is a set of letters. But, it’s never too late to know the truth!
Yet Another Hierarchical Officious Oracle!
Yahoo was founded in 1994 by Jerry Yang and David Filo. The company name is an acronym for “Yet Another Hierarchical Officious Oracle” (Even though this acronym does not explain the meaning behind the word Yahoo!) The company’s goal was to provide users with a way of quickly finding and sharing information on the Internet.
Follow this article to find out more interesting facts about Yahoo, how it started and what its future holds!
What Is Yahoo?
Yahoo is a multinational Internet company that is highly known for its web portal and search engine. The company was founded in 1994 by both Jerry Yang, a Taiwanese American businessman, and David Filo, an electrical engineer from the United States.
Yahoo’s first office was located at Stanford University, where they rented two small rooms to work on their project! Soon after, the company moved to a bigger place, and now it is headquartered in Sunnyvale, California.
Yahoo’s internet portal began as an “Internet directory” with very few web pages and quickly became one of the most visited websites on the net! Yahoo was initially just for desktop computers, but soon after its release, it also made its service available through mobile devices like mobile phones and tablets.
Yahoo has come a long way since its creation. Find out what it is like today by following this article!
Behind Yahoo’s Name
When the creators of Yahoo first started their business, they were initially called “Jerry and David’s Guide to the World Wide Web.” Their business was focused on building websites and search engines. However, when Jerry Yang and David Filo moved to Sunnyvale, California, they decided to shorten their business name so it wouldn’t be too long for their new office space address.
When Jerry Yang and David Filo shortened their name to “Yahoo!” for the new location of their office, they wanted to use something that would represent them well. So they ended up using an acronym which is “Yet Another Hierarchical Officious Oracle.” The word “Hierarchical” refers to their “Directory,” which is how they organized all of the websites on the Internet. “Officious” refers to the team members who would take care of all requests for information. Finally, the word “Oracle” refers to the “source of truth and wisdom,” which was their search engine that allowed users to find websites on the Internet.
Creation Of Yahoo
It had been five years old since World WideWeb was launched. Then, it was very small compared to what it has become now. It was hard to navigate and search information through the web.
In September 1994, Jerry Yang and David Filo thought of an idea to help users navigate easily on the World WideWeb. An index page was created by them, which had links to other websites in a hierarchical manner. They spent days and nights compiling the lists of sites.
So, the creators decided to make their database of sites for easier searching. Yahoo! is the result of their hard work. As a result, Yahoo began to proliferate, and at one point, it even became the most popular search engine.
Want to create a Yahoo account? Read Create a New Yahoo Mail Account – Ymail Signup
History Of Yahoo
Yahoo has come a long way since it was founded in 1994. The company’s growth has been largely attributed to its success in different business enterprises. In addition, the company has made several successful acquisitions and launched some very successful products over the years, which have helped it stay relevant and thrive even more in today’s time.
Growth Of Yahoo
In the initial years, from 1994 to the mid-2000s, Yahoo was largely a search engine. Initially, it used its own crawler but in 1998 switched over to Inktomi and then Google for indexing the web pages that different users or publishers submitted on their website. They also had dealt with other companies like Ask Jeeves, Netscape, etc.
Yahoo started out as a web portal that provided users with services like news, finance, sports updates, images, digital maps, etc., to its registered members for free of cost. However, in 1996, it also joined hands with GeoCities which allowed users or publishers on their website to build virtual worlds based on different themes.
Yahoo’s services had a very wide reach, and it was drawing in more users every day thanks to the convenient free-of-cost access that its search engine offered, which became popular over time. It even launched SMS based news alerts service for mobile phones to stay connected with millions of people who were on the go at all times.
2000s And Beyond
The company entered the online video market in 2005. It also launched its email service along with features like contacts, calendar, etc. This helped it gain more popularity among users looking for a comprehensive solution that Yahoo provided them with.
Yahoo started expanding even further after acquiring Flickr and Delicio in 2005, accompanied by Right Media (an online ad network) in 2007. The company even created its webmail service called Yahoo Mail around the same time to take on Google’s Gmail, which had become very popular by then.
Yahoo launched many other services like Yahoo! Answers, Flickr, etc. Still, unfortunately, none of them could garner enough attention for it, which resulted in a decline in its popularity among web audiences.
In September 2012, Yahoo announced that it would shut down services like Yahoo! Downloads, AltaVista, etc., which had become very unpopular by then and could not generate enough revenue for the company. On July 17th, 2013, the company even discontinued support for AIM (AOL Instant Messenger), which Verizon later acquired in 2015.
Present Status Of Yahoo!
Although it has not seen much success in its latest ventures, it remains one of the most popular online web portals and is counted among leaders like Google, who are successful even today. So it seems that despite all odds, this service will be able to continue conducting business successfully for years to come.
Yahoo also has its search engine, which is still very popular among people looking for a simple interface with all the basic functionalities. Other services like Yahoo Mail, Messenger, etc., are pretty much as good as any other service available today and have retained their loyal fan following even today.
Future Of Yahoo!
The company’s future will depend on how it manages to develop more successful ventures that can help them break the dominance of companies like Google. Otherwise, even if they can establish themselves as a leader in their current space, without any new ideas or products, its status might be at risk within no time since there is so much competition from other companies.
Yahoo has remained a famous brand despite its being no longer as powerful as Google or Microsoft. This can be attributed to its loyal fan following who still prefer using Yahoo products over others, increasing every year. It also maintains a good network of advertisers, so even if there are not many users, it can still generate revenue.
Frequently Asked Questions(FAQs)
Here, I have answered a few of your concerns regarding the company in a list of the most frequently asked questions about it.
Q: Is Yahoo Still Popular?
A: Yes, it is one of the most famous and well-known services available today and has a pretty good fan following. It may not be as large or powerful as companies like Google, but it knows how to retain its loyal users because its products are reliable and comprehensive.
Q: When Was Yahoo Created?
A: It started its operations in 1994 but did not become popular until 1999 when it was the fastest-growing company in history which grew to $ 100 million within no time.
In conclusion, although Yahoo! may not be at its peak anymore, things are certainly looking up for this service because, despite all odds, it stands tall among companies like Google. They have become trendy over time. This can be attributed to the fact that it has retained its loyal fan following till today and is counted among leaders in its field.