Yahoo tosses $4 billion down the loo

Yahoo has pulled the plug on GeoCities, the free service that hosts personal home pages for punters after ten years of operation.

The search engine outfit splashed out more than $4 billion for GeoCities more than a decade ago. Those were in the days of the dotcom boom when people were writing cheques for ideas that were just plain silly.

According to a posting on a Yahoo Help page for GeoCities the service was no longer accepting new customers and that it will be closing later this year, with more details about how individuals can save their data coming this summer.

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