GeoCities - The $3.57 billion Yahoo white elephant?

Interstesting article from the BBC World News site. Maybe not Yahoos wisest investment!

End of an era for early websites

A service that gave many people their first taste of building and owning a web page is set to close.

Yahoo-owned GeoCities once boasted millions of users and was the third most popular destination on the web.

The free site has since fallen out of fashion with users, who have switched to social networks.

Yahoo, which acquired the site for $3.57bn (£2.17bn) in 1999 at the height of the dotcom boom, said sites would no longer be accessible from 26th October...

..."GeoCities has been an important outlet for personal expression on the web for almost 15 years,"

GeoCities started life in 1995 as Beverly Hills Internet, a small web-hosting firm.

The company allowed users to host their web pages in themed cities. For example, "WallStreet" hosted business related sites, whilst "SiliconValley" was used to host computer and technology sites.

Users, known as homesteaders, could build and host their own sites in these online spaces.

At its peak, the site had millions of users.

In April this year, Yahoo said that it was closing the site and would now focus on helping "customers build new relationships online"...

Original Article:
BBC NEWS | Technology | End of an era for early websites

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