Why Yahoo’s Tumblr Purchase is Actually Pretty Awesome
Yahoo has been a pretty fascinating story since March 1, 1995, the day it, then a search engine website, was founded in the tech booming Silicon Valley. Through the mid to late 1990s, Yahoo saw unprecedented success and quickly became the search engine leader. That is, until Google emerged as the frontrunner and the tech market hit rock bottom.
In January 2001, before the dot-com bubble burst, Yahoo stock closed at an all-time high at $118.75 a share. Soon after the crash, Yahoo reached a post bubble low of $4.05 a share in September 2001, a situation Yahoo hasn’t 100% been able to recover from.
Read the full byline from Andrew Reid on PEHub.