Headquartered in California, United States, Yahoo! is a multinational internet corporation best known for its search engine and other services such as Yahoo! Directory, Yahoo! News, Yahoo! Finance, Yahoo! Mail, advertising, video mapping and online mapping just to name a few. However, it wasn’t in a day’s time that Yahoo was able to climb the highest mountain. Here is how it all began.
Something that started out as a student hobby later evolved into a popular brand that changed the way people communicated and accessed information over the world wide web. In 1994, David Filo and Jerry Yang, electrical engineering grads from Stanford University developed a website which served as a directory for other websites organized in a hierarchy. The website was initially named ‘David’s and Jerry’s Guide to the World Wide Web’ which later changed to Yahoo!
But, why did the duo choose a name so unique? The word Yahoo stands for ‘Yet Another Hierarchical Officious Oracle’. ‘Hierarchical describes Yahoo’s huge database that is arranged in organized levels, while Officous described the users who would be using the Yahoo! database while surfing the web. Lastly ‘Oracle’ meant ‘source of truth and wisdom’.
Within a few years the Yahoo! Database was flooded with thousands of websites with 100s of new ones being added each day. Soon the Stanford network seemed to be clogged up with the Yahoo! search traffic, and so Jerry and David immediately decided to move their entire Yahoo! database to Netscape offices.
Though the duo never again decided to complete their PhD studies, they surely did manage to serve more than 345 million individuals across the globe. No wonder why then Forbes named them as 2 of the 400 richest men in America.