What is Yahoo Finance?

 

Yahoo Finance is a platform launched in 1997 by Verizon Media, the media division of Verizon Communications, that provides financial literacy people with updates such as financial news, data, financial reports, and stock quotes.

At yahoo finance, you get portfolio management resources, international market data, mortgage rates, and social interactions. This is the most visited news site in the US on a monthly basis.

 

How did Yahoo Finance start?

early stage

Yahoo is a global Internet service provider headquartered in Sunnyvale, California, and has been owned by Verizon Communications since 2017. Founded in 1994 by Jerry Yang and David Filo, graduate students in electrical engineering at Stanford University in California, Yahoo provides users with online help tools and information and access other websites.

They started a website called “Jerry and David’s Guide to the World Wide Web.” This directory has been renamed “Yahoo!” in April 1994, meaning “another hierarchically organized oracle” while the yahoo.com domain was created in 1995.

 

Rapid growth

Yahoo grew so fast during the 1990s that it went public. Yahoo in April 1990 and its share price rose 1,996 percent in two years. Like many web directories, Yahoo has added a web portal, which puts it in competition with those that offer similar services. By the year 600, Yahoo was the most popular launch pad for web users. Coupled with this fact made it the most popular search engine, receiving 1998 million page views per day, which was pretty huge. Its share price jumped to close at an all-time high of $95 per share on January 118.75, 3.

However, Yahoo introduced free email in 1997, the same year Yahoo Finance launched after acquiring RocketMail, which was later renamed Yahoo Mail in 1998. It replaced AltaVista as the crawler-based search engine on which it was based. Guide by Inktomi. Yahoo made the two largest acquisitions in 1999: Geocities for $3.6 billion, and Broadcast.com for $5.7 billion.

 

Yahoo and Google

 

In the end, Yahoo has fought Google, the main competitor in the search engine industry, for many years trying to claim a larger market share. Hey ho! In particular, Yahoo! Instant Messenger, bought the Internet photo network Flickr, included a myriad of other features, and acquired 40 percent of Chinese e-commerce company Alibaba. In response to Google’s release of Gmail in 2014, Yahoo! Upgrade the storage of all Yahoo! Freebies. Mail accounts from 4MB to 1GB, all Yahoo! Mail Plus accounts go up to 2GB. On July 9, 2004, as Yahoo! Acquired email provider Oddpost to add Ajax interface to YahooMail Beta.

 

Another dot.com bubble burst

 

Yahoo was fortunate to be one of the few companies that survived after the dot-com bubble burst, though its net worth was affected. Yahoo stock closed at an all-time low of $8.11. However, after the dotcom bubble burst, the post-dotcom price was around $8.11 on September 26, 2001. In the same month, the company launched its own social networking service, Yahoo! 360 degrees, including notation. Yahoo also acquired blo.gs, an RSS feed-aggregation-based service, online social events calendar, Upcoming.org, in June 2005, and in October 2005 social bookmarking site, del.icio.us in December 2005 and then Playlist Community participation. Webjay in January 2009.

 

Layoffs in 2012

 

Yahoo recorded the largest layoffs in its history in 2012, when 2,000 employees (14 percent of the workforce) lost their jobs.

This resulted in a statement from the company. They haven’t denied that it will cut 2,000 jobs, or about 14% of its workforce. Six mass layoffs in the past four years for the beleaguered company.

“Today’s actions are an important transformative step toward a bold new Yahoo — leaner, agile, more profitable and better equipped to innovate at the speed our customers and our industry demand,” said CEO Scott Thompson.

 

until the date…

 

Verizon Communications Inc. deal with Yahoo in January 2005 to provide Verizon broadband customers with a new Verizon Yahoo portal. “We are very excited to have Verizon, the largest communications company in the United States, as their partner of choice, in order to provide Verizon subscribers with Verizon Yahoo! Yahoo! Chief Operating Officer Dan Rosensweg said. With such ambitious plans for the future, the growth outlook for Yahoo! optimistic.

In February 2014, Yahoo acquired two companies: a social diary company called Wander and a technology staffing company called Distil. On January 9, 2017, Yahoo! CEO Marissa Mayer has announced that she will step down from Yahoo’s board of directors if it is sold to the company
Verizon.

Yahoo’s net worth began to decline in the 2000s, and on July 25, 2000, Verizon Communications acquired its Internet business for $25 billion. Yahoo Inc. Yahoo Inc., also known as Yahoo, is an American multinational technology company. Despite this, CEO Marissa Mayer has captured huge audiences in the finance, sports and news sectors.

On June 16, 2017, parts of Yahoo Inc. were renamed. Originally named Altaba Inc. The US Securities and Exchange Commission’s website lists the new company as a “non-diversified, closed-ended management investment firm.” On June 19, 2017, the Yahoo Inc. ticker symbol was retired. The former, YHOO, for AABA.

After selling the stake in Alibaba Group, Altaba ceased trading on NASDAQ at the close of October 2, 2019. As a result, he filed a certificate of dissolution in Delaware on October 4, 2019. Yahoo net worth for 2019 is below.

 

Yahoo Finance API Guide

 

What is the API directory?

The Yahoo Finance API is a reliable source of stock market data, which can be referred to as a set of libraries, APIs, or methods as it provides other financial information, including market summaries, financial reports, historical quotes, and news feeds. All of these help in obtaining real time data or historical data of the financial markets.

Finance API provides data on stocks, financial news, press releases and corporate financial reports. Yahoo Finance API Free Tier provides 500 calls/month from $10/month and up payment plans.

The Yahoo Finance API provides access to this data for a few reasons, which include querying financial summaries, stocks, quotes, movers, and charts.