You created a Text Box and you put many words inside that say Yahoo, IBM, Microsoft etc…Now, you have given respective hyperlinks to them. But if you try to click on any hyperlink inside the text box, it will always open only one hyperlink.
It is possible to circumvent this behavior by work-around. You can execute following steps
1. Create a Text Box where you want to put all Hyperlinks.
2. Create many new Text Boxes.
3. Put the words in Text Boxes which you created in step 2 and give them Hyperlinks.
4. Drag the Text Boxes of Step 3 into Step 1 Text Box.
5. Align them properly and format them to remove borders.
6. Select all Text Boxes along with Step 1 Text Box > Page Layout > Group
7. Now, all individual Hyperlinks can be clicked separately.
Additionally, there's a way to use the VBA to insert backlinks into a text box in Excel: Here's a guide showing how you can do that: https://spreadsheetdaddy.com/basics/how-to-add-edit-and-remove-a-text-box-in-excel