No not Google silly, Yahoo is changing its name. As Verizon nears the completion of it’s purchase of Yahoo’s main internet properties, they’re making some major adjustments. One of those adjustments is changing the name from Yahoo to Altaba. The new name appears to be a derivative of Yahoo’s most successful asset Alibaba. Yahoo invested in the company early on. This investment proved to be very lucrative for Yahoo as Alibaba went on to claim the title of largest US-listed IPO in history at $25 Billion.
Yahoo’s CEO Marissa Mayer is also “stepping down” from her position on the board of directors of Yahoo.
It’s the end of an era. Remember when Yahoo was the Google of it’s day?