Yahoo CEO says company now has 800 million users

September 12, 2013

Yahoo CEO Marissa Mayer says the Internet company now has about 800 million worldwide users, a 20 percent increase since she was lured away from Google 15 months ago to steer a turnaround.

The gain disclosed Wednesday at a technology conference in San Francisco is the latest evidence of the progress that Yahoo Inc. is making under Mayer's leadership. The Sunnyvale, California, company's stock has nearly doubled since Mayer came aboard, though she and analysts say that gain primarily stems from the value of Yahoo's holdings in China's rapidly growing Alibaba Group.

Mayer says the figure for the 800 million Yahoo users doesn't include the traffic that the company has picked up from its $1.1 billion acquisition of Internet blogging service Tumblr earlier this year.

Despite the increased traffic, Yahoo is still struggling to boost its online —the main way that the company makes money. In recent quarters, Yahoo's ad revenue has been barely rising while Google and another rival, Facebook Inc., have been thriving.

Mayer says she believes it her strategy for accelerating Yahoo's revenue growth will require at least three years to unfold.

Yahoo's stock shed 29 cents Wednesday to close at $29.19.

Explore further: Yahoo pays CEO $1.1M bonus for five months of work

Related Stories

Tumblr founder to get $81M to remain at Yahoo

August 9, 2013

Yahoo's recently completed acquisition of Internet blogging service Tumblr includes an $81 million payment to Tumblr founder David Karp as long as he remains on the job for the next four years.

Recommended for you

Customizing 3-D printing

September 3, 2015

The technology behind 3-D printing is growing more and more common, but the ability to create designs for it is not. Any but the simplest designs require expertise with computer-aided design (CAD) applications, and even for ...

Team develops targeted drug delivery to lung

September 2, 2015

Researchers from Columbia Engineering and Columbia University Medical Center (CUMC) have developed a new method that can target delivery of very small volumes of drugs into the lung. Their approach, in which micro-liters ...

Magnetic fields provide a new way to communicate wirelessly

September 1, 2015

Electrical engineers at the University of California, San Diego demonstrated a new wireless communication technique that works by sending magnetic signals through the human body. The new technology could offer a lower power ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.