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Yahoo Entertainment, Yahoo Cricket, and Yahoo Finance are services launched by Yahoo in India in 2012 to provide users with a good operation and search experience. Yahoo It is basically a global Internet service provider headquartered in the United States, founded in 1994 by two graduates of Stanford University Jerry Yang and David. Yahoo is basically a search engine that can generate relevant data based on specific search keywords referenced by different websites. In due course, Yahoo expanded its service circle and started Yahoo Entertainment, Finance and Cricket. Yahoo Mail is also the most prominent, used by millions of people. Yahoo has long competed with Google to gain market dominance.
What happened to Yahoo India?
A few months before the closure, Yahoo sent emails to its customers and notified them on its homepage to let users remember this in order to save their important files. However, it was also mentioned that their top services, Yahoo Entertainment, Finance and Cricket, will no longer be officially available in the country. However, it was also mentioned that their services Yahoo Entertainment, Finance and Cricket will no longer be officially available in the country.
Reasons behind closure
The reason behind Yahoo India withdraws It is the impact of changes in Indian regulatory laws that restrict foreign investors’ private ownership of digital media companies that produce and distribute digital content in the region. Since Yahoo is an independent company with its own rules and regulations, they deny the government’s policy and believe this is a safe way to shut down its services in India. Whereas the new FDI rules require companies to obtain approval from the central government and obtain 26% of local shares in the case of foreign investment.
The shutdown of Yahoo’s services in India means that the government will not be able to interrupt the company’s policies. Yahoo can work as an independent organization and can also provide services to its users after it is closed. People must solve their problems and Yahoo-related problems by themselves without government help. Users can access Yahoo services by installing their official app.
Yahoo said in the statement that they did not take the decision lightly because they have a lot of connections with Indians, but due to foreign direct investment regulations, they had to do so. But they will continue to provide users with new opportunities for a better user experience.
Yahoo Entertainment and other Yahoo services
Yahoo Entertainment is also one of the most commonly used services in India by millions of Yahoo users. Yahoo Cricket was also shut down because it was classified as news. As a result, the company is affected by the new FDI regulations, which restrict foreign media companies in the news and current affairs sectors.
Yahoo Mail
Yahoo guarantees the availability of its Yahoo mail because it will not shut down Yahoo mail services due to private data. In addition, Yahoo Mail is not affected by FDI regulations.Therefore, the mail account and personal information Of users remain the same and easy to access.
In November 2020, HuffPost also closed its service after occupying 6 years of market advantage. However, the company did not explain the reasons for shutting down its network services. The telecommunications reported that the company shut down its services due to foreign investment in a 26% stake in a digital media company. However, this decision of the foreign direct investment regulatory authority has harmed the Indian economy and has also brought obstacles to the convenient use of the Internet. Many other media companies have also expressed interest in shutting down services in India.
