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On June 16, 2017, parts of the original Yahoo Inc, which were not purchased by Verizon Communications, were renamed Altaba Inc.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.In response to Google's Gmail, Yahoo began to offer unlimited email storage in 2007.The company struggled through 2008, with several large layoffs.The portal also gave users access to other Yahoo services like Yahoo!Search, Yahoo Mail, Yahoo Maps, Yahoo Finance, Yahoo Groups and Yahoo Messenger.
By 1998, Yahoo was the most popular starting point for web users It also made many high-profile acquisitions.
Yahoo provided Internet communication services such as Yahoo Messenger and Yahoo Mail.
As of May 2007, its e-mail service would offer unlimited storage.
The term "hierarchical" described how the Yahoo database was arranged in layers of subcategories.
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.