Friday, July 30, 2010

What a $3.65 Billion Mistake Looks Like

MoneyElement

October 8, 2009 by MoneyElement · Leave a Comment 

Lately we have noticed that Yahoo has been selling and closing down a lot of businesses. Carol Bartz, CEO of Yahoo, wants to focus on some of the main products and services which the company specializes in: such as Mail, Homepage, Messenger, Search, Everything mobile, Media related to sports, news, finance, and entertainment.

A rather pricey investment the company made was the $3.65 billion for GeoCities back in ’99 and today 10 years later is sending a notice to all of it’s users that it will be shutting down.

View the Final notice to all GeoCities users here.

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