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Yahoo provided social networking services and user-generated content, including products such as My Web, Yahoo Personals, Yahoo 360°, Delicious, Flickr, and Yahoo Buzz.
Yahoo closed Yahoo Buzz, My Blog Log, and numerous other products on April 21, 2011.
In response to Google's Gmail, Yahoo began to offer unlimited email storage in 2007.
The company struggled through 2008, with several large layoffs.
On the United States Securities and Exchange Commission's website, they listed the new company as a "non-diversified, closed-end management investment company." Yahoo operated a portal that provides the latest news, entertainment, and sports information.
At its height it was one of the most popular sites in the United States.
Answers, advertising, online mapping, video sharing, fantasy sports, and its social media website.
On April 4, 2012, Yahoo announced a cut of 2,000 jobs or about 14 percent of its 14,100 workers.
The cut was expected to save around 5 million annually after the layoffs were completed at end of 2012.
On May 13, 2012, Yahoo issued a press release stating that Thompson was no longer with the company, and would immediately be replaced on an interim basis by Ross Levinsohn, recently appointed head of Yahoo's new Media group.