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However, Filo and Yang insist they mainly selected the name because they liked the slang definition of a "yahoo" (used by college students in David Filo's native Louisiana in the late 1980s and early 1990s to refer to an unsophisticated, rural Southerner): "rude, unsophisticated, uncouth." This meaning derives from the Yahoo race of fictional beings from Gulliver's Travels. Like many search engines and web directories, Yahoo added a web portal.By 1998, Yahoo was the most popular starting point for web users It also made many high-profile acquisitions.In response to Google's Gmail, Yahoo began to offer unlimited email storage in 2007.The company struggled through 2008, with several large layoffs.It was globally known for its Web portal, search engine Yahoo! 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. The term "hierarchical" described how the Yahoo database was arranged in layers of subcategories. At its height it was one of the most popular sites in the United States.
Yahoo formally rejected the bid, claiming that it "substantially undervalues" the company and was not in the interest of its shareholders.The portal also gave users access to other Yahoo services like Yahoo!Search, Yahoo Mail, Yahoo Maps, Yahoo Finance, Yahoo Groups and Yahoo Messenger.On April 4, 2012, Yahoo announced a cut of 2,000 jobs or about 14 percent of its 14,100 workers.The cut was expected to save around 5 million annually after the layoffs were completed at end of 2012.
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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.