DHAKA: Yahoo CEO Marissa Mayer says the internet company now has about 800 million worldwide users, a 20% 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.

Source: ToI

BDST: 0035 HRS, SEP 13, 2013
GR