Yahoo Hits 800 Million Users

by William White | September 12, 2013 2:01 pm

Yahoo Hits 800 Million Users

yahoo logo Yahoo Hits 800 Million Users[1]Yahoo (YHOO[2]) CEO Marissa Mayer, announced on Wednesday[3], that the company has reached 800 million worldwide users.

800 million worldwide users is a 20% increase since Mayer joined the company 15 months ago. These number don’t include the amount of users on Tumblr, which Yahoo purchased earlier this year. The company’s stock has almost doubled since Mayer took the reins, but Mayer and analyst both agree that this increase mostly comes from Yahoo’s holdings in Alibaba Group, a rapidly growing Chinese company. Yahoo’s growing traffic isn’t leading to advertising revenue though. Mayer claims that her plan to increase ad revenue will take three years to complete, reports the Associated Press.

350 million[4] of the 800 million Yahoo users are using mobile devices to access the website and its services.

YHOO shares were up 3% as of Thursday afternoon, continuing a 51% year-to-date run.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2013/09/yahoo_logo.jpg
  2. YHOO: http://studio-5.financialcontent.com/investplace/quote?Symbol=YHOO
  3. announced on Wednesday: http://hosted.ap.org/dynamic/stories/U/US_YAHOO_USERS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-09-11-21-17-42
  4. 350 million: http://www.pcmag.com/article2/0,2817,2424338,00.asp

Source URL: http://investorplace.com/2013/09/yahoo-hits-800-million-users/
Short URL: http://invstplc.com/1fwYpsW