This Day in History

Friday, May 8, 2009

The History of Yahoo - How It All Started...


Yahoo! began as a student hobby and evolved into a global brand that has changed the way people communicate with each other, find and access information and purchase things. The two founders of Yahoo!, David Filo and Jerry Yang, Ph.D. candidates in Electrical Engineering at Stanford University, started their guide in a campus trailer in February 1994 as a way to keep track of their personal interests on the Internet. Before long they were spending more time on their home-brewed lists of favorite links than on their doctoral dissertations. Eventually, Jerry and David's lists became too long and unwieldy, and they broke them out into categories. When the categories became too full, they developed subcategories ... and the core concept behind Yahoo! was born.The Web site started out as "Jerry and David's Guide to the World Wide Web" but eventually received a new moniker with the help of a dictionary. The name Yahoo! is an acronym for "Yet Another Hierarchical Officious Oracle," but Filo and Yang insist they selected the name because they liked the general definition of a yahoo: "rude, unsophisticated, uncouth." Yahoo! itself first resided on Yang's student workstation, "Akebono," while the software was lodged on Filo's computer, "Konishiki" - both named after legendary sumo wrestlers.

Jerry and David soon found they were not alone in wanting a single place to find useful Web sites. Before long, hundreds of people were accessing their guide from well beyond the Stanford trailer. Word spread from friends to what quickly became a significant, loyal audience throughout the closely-knit Internet community. Yahoo! celebrated its first million-hit day in the fall of 1994, translating to almost 100 thousand unique visitors.

Due to the torrent of traffic and enthusiastic reception Yahoo! was receiving, the founders knew they had a potential business on their hands. In March 1995, the pair incorporated the business and met with dozens of Silicon Valley venture capitalists. They eventually came across Sequoia Capital, the well-regarded firm whose most successful investments included Apple Computer, Atari, Oracle and Cisco Systems. They agreed to fund Yahoo! in April 1995 with an initial investment of nearly $2 million.

Realizing their new company had the potential to grow quickly, Jerry and David began to shop for a management team. They hired Tim Koogle, a veteran of Motorola and an alumnus of the Stanford engineering department, as chief executive officer and Jeffrey Mallett, founder of Novell's WordPerfect consumer division, as chief operating officer. They secured a second round of funding in Fall 1995 from investors Reuters Ltd. and Softbank. Yahoo! launched a highly-successful IPO in April 1996 with a total of 49 employees.

Today, Yahoo! Inc. is a leading global Internet communications, commerce and media company that offers a comprehensive branded network of services to more than 345 million individuals each month worldwide. As the first online navigational guide to the Web, www.yahoo.com is the leading guide in terms of traffic, advertising, household and business user reach. Yahoo! is the No. 1 Internet brand globally and reaches the largest audience worldwide. The company also provides online business and enterprise services designed to enhance the productivity and Web presence of Yahoo!'s clients. These services include Corporate Yahoo!, a popular customized enterprise portal solution; audio and video streaming; store hosting and management; and Web site tools and services. The company's global Web network includes 25 World properties. Headquartered in Sunnyvale, Calif., Yahoo! has offices in Europe, Asia, Latin America, Australia, Canada and the United States.
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Saturday, April 18, 2009

Orkut Story


The Story.... A guy lost his girlfriend in a train accident.... but the gal's name nowhere appeared in the dead list. This guy grew up n became IT technical architect in his late 20?s, achievement in itself!!. He hired developers from the whole globe and plan to make a software where he could search for his gf through the web.Things went as planned... n he found her, after losing millions of dollars and 3 long years!! It was time to shut down the search operation, when the CEO of Google had a word with this guy n took over this application, This Software made a whopping 1 billion dollars profit in its first year, which we today know as ORKUT . The guy's name is ORKUT BUYUKKOTEN . Yes its named after him only. Today he is paid a hefty sum by Google for the things we do like scrapping. He is expected to b the richest person by 2009. ORKUT BUYUKKOTEN today has 13 assistants to monitor his scrapbook & 8 to monitor his friends-list. He gets around 20,000 friend-requests a day & about 85,000 scraps!!! Some other Cool Facts about this guy: * He gets $12 from Google when every person registers to this website. * He also gets $10 when you add somebody as a friend. * He gets $8 when your friend's friend adds you as a friend & gets $6 if anybody adds you as friend in the resulting chain. * He gets $5 when you scrap somebody & $4 when somebody scraps you. * He also gets $200 for each photograph you upload on Orkut. * He gets $2.5 when you add your friend in the crush-list or in the hot-list. * He gets $2 when you become somebody's fan. * He gets $1.5 when somebody else becomes your fan. * He even gets $1 every time you logout of Orkut. * He gets $0.5 every time you just change your profile-photograph. * He also gets $0.5 every time you read your friend's scrap-book & $0.5 every time you view your friend's friend-list.
"Moral of the story"?
LOSE U R GIRLFRIEND AND MAKE BILLIONS !!!!
( i need ur comments about it, bcoz i donno whether is it a genuine story or a fake 1? )
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Thursday, April 16, 2009

Facebook - The Complete Biography


The Story.... A guy lost his girlfriend in a train accident.... but the gal's name nowhere appeared in the dead list. This guy grew up n became IT technical architect in his late 20?s, achievement in itself!!.He hired developers from the whole globe and plan to make a software where he could search for his gf through the web. Facebook is the second largest social network on the web, behind only MySpace in terms of traffic. Primarily focused on high school to college students, Facebook has been gaining market share, and more significantly a supportive user base. Since their launch in February 2004, they’ve been able to obtain over 8 million users in the U.S. alone and expand worldwide to 7 other English-speaking countries, with more to follow. A growing phenomenon, let’s discover Facebook.
The Facebook Phenomenon
First, let’s start by looking into Facebook in a broad spectrum - as the network, the phenomenon, the company, and its brand.
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History


Originally called thefacebook, Facebook was founded by former-Harvard student Mark Zuckerberg (while at Harvard) who ran it as one of his hobby projects with some financial help from Eduardo Saverin. Within months, Facebook and its core idea spread across the dorm rooms of Harvard where it was very well received. Soon enough, it was extended to Stanford and Yale where, like Harvard, it was widely endorsed.
Before he knew it, Mark Zuckerberg was joined by two other fellow Harvard-students - Dustin Moskovitz and Chris Hughes - to help him grow the site to the next level. Only months later when it was officially a national student network phenomenon, Zuckerberg and Moskovitz dropped out of Harvard to pursue their dreams and run Facebook full time. In August 2005, thefacebook was officially called Facebook and the domain facebook.com was purchased for a reported $200,000.
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