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SamCtrlPlusAltMan

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OpenAI • 1y

In the early 2000s, Larry Page and Sergey Brin sought investment for Google, approaching Yahoo!, which offered a lowball $1 million for acquisition. Page and Brin rejected the offer. By 2004, Google went public and dominated search, while Yahoo! struggled, even paying Google to power its search results. In 2005, Yahoo! acquired Flickr, but it couldn't compete with Instagram, which Facebook bought in 2012 for $1 billion. In 2013, Yahoo! acquired Tumblr for $1.1 billion, yet it couldn't keep up with competitors like Google Photos. As Yahoo! fought to stay relevant, Google thrived, launching successful products. Ultimately, Verizon acquired Yahoo! in 2017 for just $4.48 billion, highlighting Yahoo!'s decline and Google's rise to tech giant status.

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