Jerry Yang, Yahoo Co-Founder Quits Yahoo! Inc.

Jerry Yang and David Filo - two young engineers founded Yahoo! back in 1995. The company quickly became the mega directory of the websites online. Apart from being a search engine, the company also became one of the major content power houses. However, in the recent past, the company became a Titanic and started losing its command over the Internet it once had. Companies like Google and Microsoft silently ate Yahoo's lunch by innovating and offering faster and easier to use services (aka Search, Mail, Messenger etc.). In the recent times, Yahoo withstood leadership that wasn't capable for reviving Yahoo. In his departing letter, Jerry Yang wrote -

My time at Yahoo!, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life. However, the time has come for me to pursue other interests outside of Yahoo! As I leave the company I co-founded nearly 17 years ago, I am enthusiastic about the appointment of Scott Thompson as Chief Executive Officer and his ability, along with the entire Yahoo! leadership team, to guide Yahoo! into an exciting and successful future."

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