Of late it has been a laughingstock, but the company is also remembered fondly for its pioneering contributions to the technology industry and Silicon Valley. “Yahoo’s imprint and impact on the valley will long outlive its own history,” said Carl Guardino, chief executive of the Silicon Valley Leadership Group. “It was difficult to watch such a quintessentially Silicon Valley success story run its course,” Guardino said. Then the bubble popped, deflating Yahoo’s market cap to about $5 billion by the fall of 2001. Yahoo now has fewer than 9,000 employees and its market cap was about $35 billion before Verizon bid on the company.

Source: Los Angeles Times June 13, 2017 16:15 UTC