Yahoo Pulls the Plug on GeoCities

Yahoo is to close its personal web hosting site GeoCities later this year. In a statement, the firm says it will no longer be accepting new customers and will focus on helping customers build new relationships online. Yahoo bought GeoCities for $3.57bn at the height of the dotcom boom in 1999. At its peak, GeoCities boasted millions of active accounts, but it has since fallen out of fashion, with users migrating to social networking sites

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