When did Yahoo stock crash?
The company’s stock price rose rapidly during the dot-com bubble and closed at an all-time high of US$118. However, after the dot-com bubble burst, it reached an all-time low of $8. Yahoo! Microsoft Corporation in 2008. Yahoo’s downfall was largely due to strategic decisions, including acquisitions like Overture, Inktomi, and Alibaba, which failed to prioritize search innovation, capitalize on investments, and diversify from core business.Following the acquisition by Apollo, CEO Jim Lanzone initiated a strategy focused on a potential turnaround, emphasizing the integration of artificial intelligence across Yahoo’s products. This strategy included several key acquisitions, such as Commonstock in 2023 and the AI-driven news platform Artifact in 2024.
Why did Yahoo shut down?
Key Decisions and Events Affecting Yahoo. The series of events including missed opportunities to acquire Facebook and Google, wrong decision taken by the management, and too dependent on display ads, led to its downfall. As user engagement gradually declined and consumers migrated to other platforms, it failed to take action. The icing on the cake would be the string of controversies that would damage Yahoo’s status as a tech giant and ultimately lead to its downfall.The emergence of social media giants like Facebook and Twitter further diverted user attention and advertising revenue away from Yahoo’s properties. As user engagement gradually declined and consumers migrated to other platforms, it failed to take action.