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- CarolOklaLv 71 month ago
The answer is over a decade of mismanagement by David Filo after the dotcom crash in 1997. Yahoo started losing money. The executive management decided they couldn't afford better security. There was political infighting among the executive management team. Yahoo went through FOUR acting CEOs In 2011 and 2012. The fourth acting CEO was forced to resign less than a month after he laid off 14% .of the Sunnyvale staff right before Easter. In desperation, Yahoo offered Marrissa A. Mayer. 6th from the top at Google the CEO position and hired her away from the competition.
In July 2014 the Yahoo zinc. investors and stock holders in Yahoo Inc. revolted. One totally obsessed stock holder was determined to get Marissa Mayer fired. Mayer put Yahoo Inc. up for sale in September 2014. To put it bluntly, the shi* hit the fan in July 2024. Yahoo Inc started to really die when David Filo left in 2012 and the purple format replaced the old green format in 2013.