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was the highest-read news and media website, with over 7 billion views per month, being the sixth most visited website globally in 2016. According to third-party web analytics providers, Alexa and Similar Web, Yahoo!Yahoo provided Internet communication services such as Yahoo Messenger and Yahoo Mail.As of May 2007, its e-mail service would offer unlimited storage.Tumblr's CEO and founder David Karp would remain a large shareholder.The announcement reportedly signified a changing trend in the technology industry, as large corporations like Yahoo, Facebook, and Google acquired start-up Internet companies that generated low amounts of revenue as a way in which to connect with sizeable, fast-growing online communities.On April 4, 2012, Yahoo announced a cut of 2,000 jobs or about 14 percent of its 14,100 workers.
and in 2017 Verizon Communications acquired most of Yahoo's Internet business for .48 billion, excluding its stakes in Alibaba Group and Yahoo!Yahoo provided social networking services and user-generated content, including products such as My Web, Yahoo Personals, Yahoo 360°, Delicious, Flickr, and Yahoo Buzz.Yahoo closed Yahoo Buzz, My Blog Log, and numerous other products on April 21, 2011.In early 2012, after the appointment of Scott Thompson as CEO, rumors began to spread about looming layoffs.Several key executives, such as Chief Product Officer Blake Irving, left.
In February 2008, Microsoft Corporation made an unsolicited bid to acquire Yahoo for $44.6 billion.