Twitter Users Rejoice As Jerry Yang Resigns From Yahoo!

Yeserday afternoon Twitter exploded with the news that Yahoo! co-founder, Jerry Yang (pictured right), had resigned from his seat on Yahoo’s Board of Directors as well as all other positions with the company including Yahoo Japan Corporation and Alibaba Group Holding Limited.

Yahoo stock holders and people in the tech industry have been speculating for years on how Yahoo could be a better company without Yang. But the last time resignation rumors had much clout, was during CES 2008 when Yang was spotted walking around the trade show floor covering his mouth to prevent lip readers for listening in on his phone calls.

In his resignation letter given to Yahoo! chairman Roy Bostock, Yang said, “The time has come for me to pursue other interests outside of Yahoo!” Yang has been the longest serving and most senior person at Yahoo since the beginiing. Yang and David Filo co-founded Yahoo! Inc. in 1995. Yang was also Yahoo!’s CEO from June 2007 to January 2009.

Meanwhile, Twitter exploded with joy around the news of Yang’s resignation and Yahoo! stock finally started to move a little. Much to the dismay of stock holders, Yahoo stock hasn’t broken $20 since 2008.