Yahoo pulls the plug on GeoCities - Indicating it is near bankruptcy | WHAT REALLY HAPPENED


Yahoo pulls the plug on GeoCities - Indicating it is near bankruptcy

BBC News -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.

[This is an astonishing admission of just how broke Yahoo! really is. They are saying they cannot afford to operate the servers and pay the modest staff dedicated to Geocities web hosting, which does charge a range of fees for its premium services. The admission is tantamount to saying, We are imploding!]

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