Yahoo Looking to Buy Its Way into Social Networking
Yahoo admits Google has won search war
Yahoo was once one of the biggest internet companies on the planet, but has fallen on hard times in the last few years after Google exploded onto the search market and rapidly replaced Yahoo as the search engine of choice for many users.
Adding to Yahoo’s woes were the long and drawn out talks between it and Microsoft that ultimately ended in the resignation of Jerry Yang and significant layoffs of Yahoo staff. Yahoo is now looking at expanding its services into the popular social networking realm and is eyeing acquisitions despite it shaky footing in the market.
Read more: dailytech.com