24 Apr 09 Yahoo! shutting down Geocities (after buying it in 1999 for $4.6 billion) – Good riddance…

So after fish & chips for lunch, had a few moments to scan some of the latest headlines:

The news is official at the Geocities site and comes just a day after YHOO reported their quarterly earnings. Things aren’t looking good (yet again) for Yahoo! … but sorry, Geocities was a horrible buy (IMHO) …. perhaps the idea was for Geocities to be folded into the Yahoo! suite as a sort of MySpace.

Regardless, I always despised Geocities and MySpace for the same reason: Web 0.1 designs … it was the equivalent of hosting your company site on Tripod (errkkk.)

See the official Yahoo! / Geocities announcement

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1. Eric Schmidt interviewed by Jim Cramer on Mad Money tonight !
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3. Human Resources Social Network for sale on eBay – HRMtoday.com ; 34 bids at $1500 : 1000 members & 3500 articles. Bargain!

Tags: business, Geocities closing, Investing, Web 2.0, Yahoo!