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On the United States Securities and Exchange Commission's website, they listed the new company as a "non-diversified, closed-end management investment company." Yahoo operated a portal that provides the latest news, entertainment, and sports information.The portal also gave users access to other Yahoo services like Yahoo!The company struggled through 2008, with several large layoffs.In February 2008, Microsoft Corporation made an unsolicited bid to acquire Yahoo for .6 billion.However, after the dot-com bubble burst, it reached a post-bubble low of .11 on September 26, 2001. Over the next four years, it developed its own search technologies, which it began using in 2004.In response to Google's Gmail, Yahoo began to offer unlimited email storage in 2007.Several key executives, such as Chief Product Officer Blake Irving, left.

In early 2012, after the appointment of Scott Thompson as CEO, rumors began to spread about looming layoffs.The cut was expected to save around 5 million annually after the layoffs were completed at end of 2012.On May 13, 2012, Yahoo issued a press release stating that Thompson was no longer with the company, and would immediately be replaced on an interim basis by Ross Levinsohn, recently appointed head of Yahoo's new Media group. Answers, advertising, online mapping, video sharing, fantasy sports, and its social media website.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.

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