Yahoo has had its share of financial troubles, in part due to Google’s almost complete domination of market sectors where Yahoo used to be an important player, such as the search engine market. For example, as of April 2015, just under 4 percent of worldwide internet users search the web using Yahoo’s service, while more than 88 percent use Google Search. But despite its ups and downs, the company has remained one of the most relevant multinational technology companies in the world. In 2014, Yahoo’s net income was a reported 7.5 billion U.S. dollars, up from 1.3 billion in the previous year. That same year, the company’s yearly revenue however was the second-lowest in the past decade – 4.6 billion U.S. dollars. Especially the second quarter of 2014 displays lower than ever revenues for the company, as compared to previous years – just slightly over 1 billion U.S. dollars. According to the most recent report regarding Yahoo’s quarterly net income, the company generated a 6.77 billion U.S. dollars profit in the third quarter of 2014, as a result the company's sale of Alibaba shares, but also a net loss of 21.55 million U.S. dollars in the second quarter of 2015.
Yahoo was founded in the mid 1990s in California, in the midst of the Silicon Valley technological boom. It is mostly known for its search engine, Yahoo Search, and the Yahoo web portal, featuring such services as Yahoo Finance, Yahoo News, Yahoo Answers and most notably Yahoo Mail. The company, which has made a lot of acquisitions since its modest beginnings, also provides advertising services, online mapping and video sharing. Since it acquired Tumblr in 2013, the company has also started to move into the social media sector. As of 2015, Yahoo is the second-most popular website in the United States, after Google, with more than 200 million unique visitors per month on all of its properties combined.