“GeoCities will close later that year.” That’s the stark announcement at the top of Yahoo’s GeoCities Help page.

The company goes on to say it is shutting down the ability of new customers to sign up for the free Web-hosting service and will close the service. “We’ll supply more details about closing GeoCities and how to save your site input that summer,” Yahoo says, “and we will update the help center with more details at that duration.”

The

announcement marks an ignominious end for one of the pioneering Web-hosting services. Originally founded in 1994 as Beverly Hills Web, the service was purchased five years later by Yahoo for $3.57 billion.

Bursting Bubbles and poor Management

Unfortunately for Yahoo — one of the many contributing factors to the company’s current fiscal dilemma — it purchased GeoCities at what proved to be the height of the dot-com boom. The bubble collapsed soon […]

Orginal post by dhiram