Yahoo reportedly launching YouTube rival

posted onApril 1, 2014
by l33tdawg
http://en.wikipedia.org/wiki/Yahoo!
Credit: http://en.wikipedia.org/wiki/Yahoo!

Reports are circulating that Yahoo is looking to launch a video site that would go up against Google's behemoth YouTube.

The rumors largely stem from a Re/Code report late last week that cited anonymous sources saying Yahoo is looking to not only launch a YouTube competitor in the next few months but also is trying to pluck some of the video-sharing site's stars and favorite networks.

A Yahoo spokeswoman declined to comment on the report. However, Yahoo, and its CEO Marissa Mayer, have been trying to gain some traction in the online world, pulling the company back to the top where it started years ago. Yahoo was once an Internet pioneer but the years, and competitors like Google and Facebook, pushed the company back into the shadows.

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