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Yahoo to Close GeoCities This Year Friday, April 24, 2009 - Anuradha Menon Home >> Headlines >> Internet   
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Yahoo Inc. said Thursday that it would shut down its GeoCities free Web-hosting service after paying about $3 billion for the unit in 1999. GeoCities isn't accepting new accounts and will close later this year, Yahoo said. GeoCities, Yahoo's second-biggest acquisition behind Broadcast.com Inc., lets users design personal websites to show off photos, promote local clubs or publicize business services. Chief Executive Carol Bartz is trimming costs as Yahoo copes with a slowing online-advertising. (source: latimes.com)
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