Ever wanted to know why Google is hiring thousands while Yahoo is laying off thousands? Below is the story, the story was written a dozen years ago in the form of a press release issued by Yahoo, but the story is a defining moment on when one company ceded an entire industry to another. Google was unknown at the time, it was recently two guys running a business from a Garage when Yahoo! selected them.
Yahoo! Selects Google as its Default Search Engine Provider
Yahoo! Inc. (Nasdaq: YHOO) and Google Inc. today announced they have entered into an agreement that makes Google, one of the fastest growing search engines on the Web, Yahoo!’s® default search results provider. Under the agreement, Google will provide its underlying Web search engine to serve as a complement to Yahoo!’s popular Web directory and navigational guide. Yahoo!, a global Internet communications, commerce, and media company, expects to integrate the services within the next 30 days.
Read the full press release from 2000
There’s your answer on why Google is doing everything from running your Android phone to storing all your Google Doc spreadsheets.