Yahoo's set of bad decisions lead to the company's decline
In 1998, Yahoo passes up a $1M chance to buy Google. In 2002, Google offers at $5B, Yahoo counters at $3B; Google declines. In 2006, Yahoo bids $1B for Facebook; Facebook wants $1.1B, Yahoo rejects. In 2013, Yahoo could get Netflix ($4B) but chose Tumblr ($1.1B). By 2016, Yahoo sells to Verizon for $5B.