Yohoo internet dating service

announced that the company was laying off 1,000 employees, as the company had suffered severely in its inability to effectively compete with industry search leader Google.

In an email memo sent to employees in April 2012, Scott Thomson re-iterated his view that customers should come first at Yahoo.

He defined customers as both users and advertisers. The reorganization took effect on May 1, 2012 and included operations in three major groups for Yahoo! The Consumer group has three groups: Media, Connections, and Commerce.

The review committee's chairman is Alfred Amoroso, who joined Yahoo! The other directors on the panel are John Hayes and Thomas Mc Inerney, who both joined in April 2012.

The committee retained Terry Bird as independent counsel.

On May 3, 2012, news broke out that Thompson's biography at Yahoo was incorrect.

The CEO's biography stated that he held a dual accounting and computer science degree from Stonehill College, whereas investigation revealed that Thompson's degree was solely in accounting, and not in Computer Science.The word "Yahoo" had previously been trademarked for barbecue sauce, knives (by EBSCO Industries) and human propelled watercraft (by Old Town Canoe Co.). During the dot-com boom, the cable news network CNBC reported that Yahoo! Such third-party applications include pages of Netflix, E-trade, Facebook, and other sites.Therefore, in order to get control of the trademark, Yang and Filo added the exclamation mark to the name. On October 28, 2009, Bartz told PCWorld that she struggled with the question of what Yahoo! After talking to many users in about 10 countries, she said, Yahoo! Some suggested that institutional investors would file lawsuits against Yahoo! 's shares, which closed at .67 per share on May 2, were likely to drop below per share and perhaps as low as per share on May 5, which would put significant pressure on Yang to engineer a turnaround of the company. offered users the chance to beta test a new version of the Yahoo! However, it currently only supports Internet Explorer and Mozilla Firefox. says they intend to support additional browsers in the future. and its board of directors for allegedly breaching their duty to shareholders by opposing Microsoft's takeover bid and pursuing "value destructive" third-party deals.

Tags: , ,