Yahoo was a solution to a lot of men’s problems at its inception. It comprises search engines, email services, directories, and so on, however, the aspect of everyday finance and economic updates was not fully incorporated.
Hence, Yahoo Finance came about to offer financial services such as providing users with online utilities, information, and access to other Web sites.
However, a lot of people do not fully maximize the opportunities that yahoo finance offers concerning financial news and information.
Therefore, in this article, you will learn what the Yahoo Finance brand is about, how it started, and its other related services. You will also learn about yahoo finance’s net worth.
What is Yahoo Finance?
Yahoo Finance, launched on January 19, 1997, is a media property of the Yahoo network. It provides information on and about all aspects of finance.
Below is a comprehensive list of the description of Yahoo Financial services:
- Gives financial news: it releases news reports daily. Also, date, frequency, report, and sector can help to search or filter news.
- Gives Data and commentary: including stock quotes, press releases, financial reports, and original content.
- It also offers some online tools for personal finance management, advanced tools, and charts to optimize your trading strategy.
- Advertise new investment opportunities relevant to companies you follow and also unlock trusted independent research to help you invest with confidence.
- Give simplified technical and event analysis and assessments on hundreds of stocks, market, and economic commentary.
- Get access to exclusive data and insights about companies you care about.
In addition to posting partner content from other websites, Yahoo Finance posts original stories by its team of staff journalists and has recently added the feature to look at the news surrounding cryptocurrency. It lists over 9,000 unique coins, including Bitcoin and Ethereum.
SimilarWeb rank Yahoo Finance 21st on the list of largest news and media websites. It also ranked 158th among Personal Finance sites.
With Yahoo Finance, you can instantly identify chart patterns and plot significant developments with the click of a button.
To know more about finance, check out What Is Finance? Definition, Types, importance
What is Yahoo Finance Net Worth?
Yahoo has had its share of financial troubles, part of which is due to Google’s almost complete market domination. As of 2013, Google and Yahoo turned in the most revenue.
According to their official 2013 annual earning releases and income statements, Yahoo turned over $4,680,380,000.
From 2004-2016, the internet company’s GAAP net loss was 214 million U.S dollars, down from a net income of 7.5 million U.S. dollars in 2014.
Though the company’s core businesses (Yahoo Finance, Sports, News, mail, etc.) are worth a lot because Yahoo owns a 15% stake in Alibaba which is about $32 billion. It also owns 35.5% of Yahoo Japan, which is worth $9.7 billion
Thus, Yahoo’s market cap is about $33 billion despite Alibaba’s “Asian assets” (as they’re known), and Yahoo Japan is worth more than $41 billion.
Therefore, you might say that Yahoo’s core business is worth a negative $8 billion.
Though, Robert Peck, an analyst at SunTrust, says it’s a lot more than negative $8 billion.
He opined using the EBITDA estimate (EBITDA, which is short for earnings before interest, tax, depreciation, and amortization, is a broad measure of a company’s profits.) that its value is at $6 billion to $8 billion, which is 5X a projected 2016 EBITDA estimate.
He also stated that there will be a tax hit for selling these core businesses. Hence, the net proceeds for what remains of Yahoo will be something like $4 billion to $6 billion, according to Peck. Besides, according to What’s the Net Worth, Yahoo’s worth is $5 Billion US dollars.
How Yahoo Started
23 years after it began as a hobby for Yang and Filo, graduates of Stanford. Yahoo gave its consent to sell its core operating business to Verizon in July 2017. A deal, Forbes writer, Brian Solomon called “the saddest $5 billion deal in tech history”
Today, only a few could recall how technological-breaking it was. Before Google or Facebook, Yahoo was the king of the internet, the SpaceX of the late 1990s.
Before then, the concept of using a single search engine to quickly and easily search and access the remarkable construct called the Internet seemed as futuristic as doing interplanetary commercials/travels seems today.
If you’re looking to start your own business also, you may consider How To Start An Online Business With No Money
Yahoo Early Years
The original incarnation of Yahoo! Inc., an American multinational technology company headquartered in Sunnyvale, California, founded in January 1994 by Jerry Yang and David Filo, began as a simple collection of Yang and Filo’s favorite Web sites, initially called “Jerry and David’s Guide to the World Wide Web.”
However, as the site grew in popularity, it was renamed Yahoo!, before being incorporated on March 2, 1995.
Yahoo, as one of the early internet pioneers in the 1990s, was widely known for its Web portal, search engine, and related services.
These services include Yahoo Directory, Yahoo Mail, Yahoo News, Yahoo Finance, Yahoo Groups, Yahoo Answers, online mapping, advertising, fantasy sports, video sharing, and its social media website.
Yahoo! at that time acquired various companies such as Rocketmail and ClassicGames.com, which eventually became Yahoo Mail and Yahoo Games, respectively.
Yahoo grew rapidly throughout the 1990s, it made many high-profile acquisitions and during the dot-com bubble, its stock price skyrocketed, closing at an all-time high of $118.75, a share on January 3, 2000.
However, after the dot-com bubble burst which led to the collapse of many Internet-based companies in 2001-2002, Yahoo sustained a heavy economic loss.
And then ‘Google’ happened to offer virtually everything Yahoo did only cheaper, more up-to-date, and faster, thereby relegating Yahoo to the background.
Yahoo was prepared to become the biggest name in tech, however, the website slowly started to decline in the late 2000s.
And in 2017, Verizon Communications acquired Yahoo’s internet business (excluding its stakes in Alibaba Group and Yahoo! Japan) for $4.48 billion—the company was once valued at over $100 billion.
According to Alexa and SimilarWeb (third-party web analytics providers), Yahoo, at its height was one of the most popular sites in the United States, the highest-read news and media website, with over 7 billion views per month and was the sixth most visited website globally in 2016.
And according to news sources, more than 700 million people visit Yahoo websites every month. Furthermore, Yahoo itself claimed it attracted “more than half a billion consumers every month in more than 30 languages”.
Yahoo! News is a news website owned by Yahoo Inc. It originated as an internet-based news conchologist by Yahoo! and was created by a Yahoo! software engineer named Brad Clawsie in August 1996 and launched the same year.
Although, Articles originally came from news services such as the Associated Press, Fox News, Al Jazeera, Reuters, ABC News, USA Today, CNN and BBC News. Nevertheless, in 2001, Yahoo! News launched the first “most-emailed” page on the web which was well-received as an innovative idea, expanding people’s understanding of the impact, online news sources have on news consumption.
Similarly, Yahoo added original content as part of its plans to become a major media organization.
At this point, Yahoo! News became one of the world’s top news sites according to Amazon-owned marketing data collection company (Alexa).
Besides, in January 2019, Yahoo! News ranked sixth among global news sites, ahead of Fox News and behind CNN, according to Alexa.
Yahoo API Guide
Yahoo Finance API is a service that provides stock quotes and other financial information including market summaries, news feeds, etc.
It consists of a range of libraries and methods used in obtaining historical and real-time data for a variety of financial markets and products and is one of the largest reliable sources of financial data available on the web.
It is updated continuously throughout the day and covers over 37,000 stocks in more than 50 countries.
Advantages And Disadvantages Of Yahoo API Guide
The advantages of the Yahoo API Guide are that it is:
- Impressive range of data
- Quick and easy to set yourself up
While The disadvantages of the yahoo API guide are that it is:
- (Limitingly) simple
- Not officially for data requests
- Solutions built on top are fragile
- Can get yourself rate limited/blacklisted
How To Access Yahoo API Guide
You can access the yahoo API guide through Rakuten RapidAPI
- Create a free account using Google, Email or Github
- Log into your account and navigate to API
- Select a plan. You could start with the free tier or you buy a paid plan
- Click on the quick start guide which is a collection of code snippets in popular programming languages and frameworks
- Simply copy and paste the code snippet into your favorite IDE or code editor and you are ready to test drive the API.
Also, you can access the Yahoo API Guide through finance and Yahoo_fin.
Related: Lightstream Finance
Based in Sunnyvale, California, and currently owned by Verizon Communications since 2017.
Yahoo! continues to provide users with online utilities, information, and access to other Web sites.
Yahoo grew rapidly throughout the 1990s. By 1998, Yahoo was the most popular starting point for web users, and the human-edited Yahoo Directory was the most popular search engine. But after the dot-com frenzy and the emergence of Google, Yahoo’s market dominance took a downturn.
However, Yahoo domain websites are still among the most popular websites, ranking 12th in global engagement according to both Alexa Internet and SimilarWeb. On the website of Yahoo Finance, you can see the answers to questions like how much Sully got paid for the movie.
FAQs On Yahoo Finance
What is Yahoo Finance Plus?
Is Yahoo Finance a good and reliable app?
What is Yahoo Api Guide
- Wikipedia.org – Yahoo!_Finance
- Yahoo.com – finance