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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.
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.
Yahoo provided social networking services and user-generated content, including products such as My Web, Yahoo Personals, Yahoo 360°, Delicious, Flickr, and Yahoo Buzz.
The cut was expected to save around 5 million annually after the layoffs were completed at end of 2012.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. At its height it was one of the most popular sites in the United States. Answers, advertising, online mapping, video sharing, fantasy sports, and its social media website.