Yahoo cofounder Jerry Yang resigns

Yahoo logo Yahoo announced the resignation of its cofounder Jerry Yang today, stating that he is leaving to pursue other interests.

Yang started Yahoo in 1995 with David Filo, developing the site as an Internet guide based on work the two created as students at Stanford in 1994. Yang had served on Yahoo's board of directors since its founding, and acted as the company's chief executive from 2007 through 2009, when he was replaced by Carol Bartz.

In an official statement, Yang said his time at Yahoo "encompassed some of the most exciting and rewarding experiences of my life."

He added, "As I leave the company I co-founded nearly 17 years ago, I am enthusiastic about the appointment of Scott Thompson as Chief Executive Officer and his ability, along with the entire Yahoo! leadership team, to guide Yahoo! into an exciting and successful future.”

Thompson formerly helped PayPal to dramatically expand its operations; he was named Yahoo's chief executive earlier this month after the company dramatically fired Bartz as CEO over the phone last September.

Yahoo's Internet directory service rapidly lost ground to Google search, and the company has been unable to win back share even after buying Overture, which owned the business model Google used to achieve its success in selling paid search placement.

More recently, Yahoo has been beaten in advertising by Facebook. In 2008, Microsoft attempted to buy the company for $44.24 billion, an unsolicited bid the board rejected, claiming that it substantially undervalued the company and was not in the interest of its shareholders. Today, Yahoo's entire market capitalization is $19.14 billion.

Source: AppleInsider

Tags: Yahoo

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Galaxy Note10 really is built around a 6.7-inch display
 
You may still be able to download your content
 
Facebook, Messenger and Instagram are all going away
 
Minimize apps to a floating, always-on-top bubble
 
Japan Display has been providing LCDs for the iPhone XR, the only LCD model in Apple’s 2018 line-up
 
The 2001 operating system has reached its lowest share level
 
The entire TSMC 5nm design infrastructure is available now from TSMC
 
The smartphone uses a Snapdragon 660 processor running Android 9 Pie
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 / 2
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
    123
45678910
11121314151617
18192021222324
25262728293031




Poll

Do you use microSD card with your phone?
or leave your own version in comments (15)