As the famous Greek philosopher Heraclitus said “There is nothing permanent except change”; hence we must accept that with advent of latest technologies, the older ones are either replaced by new things or they simply die a natural death. Similarly, as we have heard many news about the once pioneer messenger of the world and internet’s most recognizable company “Yahoo” that it is going to be bought by U.S. company “Verizon” for $4.8 billion. RIP Yahoo: Lycos Still Survives.
RIP Yahoo: Lycos Still Survives
It is important here to note that Yahoo will be dead but Lycos will remain to exist. Hence, the remains of Yahoo Inc. will be given “Altaba” name.
Also Read: Yahoo Accepts Employees Sighted Hack in 2014
No More Yahoo: The Death of Yahoo to Give Birth to Altaba
After the sale of core businesses of Yahoo including Digital Advertising, Email and Media Assets to Verizon, 6 directors including the CEO (Marissa Mayer) will leave the team. The company announced on 9th Jan, 2017 that:
“What’s left remaining is Altaba (formerly known as “RemainCo”), a holding company for Yahoo’s 15% stake in Alibaba and its 35.5% stake in Yahoo Japan.”