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is sell the company." Following the conclusion of the purchase, these assets will be merged with AOL to form a new entity known as Oath; Yahoo, AOL, and Huffington Post will continue to operate under their own names, under the Oath umbrella.The deal excludes Yahoo's 15% stake in Alibaba Group and 35.5% stake in Yahoo!Three years later Yahoo had a market capitalization of .24 billion.In September 2011 she was removed from her position at Yahoo by the company's chairman Roy Bostock, and CFO Tim Morse was named as Interim CEO of the company.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.Yahoo provided Internet communication services such as Yahoo Messenger and Yahoo Mail.
The company struggled through 2008, with several large layoffs.
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.
The term "hierarchical" described how the Yahoo database was arranged in layers of subcategories.
The term "oracle" was intended to mean "source of truth and wisdom", and the term "officious", rather than being related to the word's normal meaning, described the many office workers who would use the Yahoo database while surfing from work.