Yahoo CEO Mayer unveils overhaul of email service
December 12, 2012 3:21 AM EST
Yahoo Inc Chief Executive Marissa Mayer on Tuesday introduced a new version of Yahoo Mail, making one of company's most popular products faster and cleaner, with a consistent look across all devices.
It is Yahoo's first product overhaul under the leadership of Mayer, a former Google Inc executive widely admired in Silicon Valley for her Web product savvy.
She took the helm at Yahoo in July, and the company's stock has risen 25 percent since then, reaching its highest level since September 2008 when Yahoo co-founder Jerry Yang was CEO.
The years between Yang and Mayer were tumultuous ones at Yahoo, as the Web pioneer cycled through four different chief executives and a variety of strategies.
Yahoo ranks among the world's most popular websites, with roughly 700 million monthly visitors. But revenue has eroded due to competition from Google and Facebook and changes in the online advertising market that have compressed prices for the online display ads that are key to Yahoo's business.
Many analysts and tech-industry observers say Yahoo's online products have failed to keep up with rivals when it comes to integrating innovative mobile and social media features.
Mayer, who was Google's first female engineer, has said her top priority is to create a coherent mobile strategy for Yahoo and that she intends for at least half of the company's technical workforce to be working on mobile products.
(Reporting by Jennifer Saba in New York Sayantani Ghosh in Bangalore; Editing by Joyjeet Das and David Gregorio)
Most Popular Slideshows
- Gennady Golovkin Next Fight Options: Canelo Alvarez, Miguel Cotto Or Julio Cesar Chavez Jr.
- NFL MNF: Pittsburgh Steelers 30, Houston Texans 23 [PHOTOS]
- 2014 MLB World Series Game 1: San Francisco Giants 7, Kansas City Royals 1 [PHOTOS]
- 2014 MLB World Series - Game 2: Kansas City Royals 7, San Francisco Giants 2 [PHOTOS]
Join the Conversation
- Tourre on stand says email in SEC case 'not accurate'
- Syrian authorities blocking access to needy in Homs - Red Cross
- Faith in European Union at low ebb, EU poll says
- Former UBS banker gets 18 months, $1 million fine, for muni bid-rigging scheme
- U.S. judge halts challenges to Detroit's bankruptcy bid
- The Pirate Bay Blockade: Cost Of Blocking Websites Like TPB Is Ridiculously High
- Virginia Woman Who Posted Naked Image Of Ex-BF’s New Partner 1st Person Charged Under Revenge Porn Law
- No Mercy: ISIS, Father Stones to Death Daughter for Alleged Adultery
- iOS 8 Jailbreak Release Date is Doomed as Team Evad3rs Opts Out, Pangu Hits Snag – Report
- Google Nexus 6 vs. iPhone 5S: 4 Important Things to Consider Before Switching to Android Lollipop
- Israel Loses A Friend in UN Security Council As New Zealand Replaces Australia
- Swedish Military Spots ‘Russian Submarine’ Off Stockholm Coast, An Alarming ‘Security Game Changer’