Yahoo’s $3.65 Billion Mistake: Yahoo Closes GeoCities
Back in 1999 Yahoo purchased GeoCities for $3.65 billion, but today it has sent out a “final notice” warning GeoCities users that they are pulling the plug on the 26th October.
Yahoo currently is shutting down a lot of services which it seems as though previous CEO’s purchased for no real reason. Current Yahoo CEO Carol Bartz seems to have her head switch on and is focusing on Yahoo’s key business areas:
- Homepage
- Messenger
- Everything “mobile”
- Search
- Media experiences across sports, news, finance, entertainment
“Yahoo’s goal is to be at the center of people’s online lives, and these efforts all support that,” says a source.
What is Yahoo wanting to sell:
- Yahoo Games!
- Yahoo Hot Jobs
- Yahoo Small Business
- Zimbra
- Yahoo Shopping
- Delicious
Here’s the farewell letter:
