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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 deal excludes Yahoo's 15% stake in Alibaba Group and 35.5% stake in Yahoo!Japan; following the completion of the acquisition, these assets will be retained under the name Altaba, with a new executive team.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.
In response to Google's Gmail, Yahoo began to offer unlimited email storage in 2007.Yahoo formally rejected the bid, claiming that it "substantially undervalues" the company and was not in the interest of its shareholders.Three years later Yahoo had a market capitalization of .24 billion.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.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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Sydney Finkelstein, a professor at Dartmouth College's Tuck School of Business, told The Washington Post that sometimes, "the single best thing you can do ...