Yahoo Demolishes GeoCities 10 Years, $3.6 Billion Later

Yahoo announced that it will shut down GeoCities, one of the company’s longer-running units, later in 2009. Yahoo purchased the service, which allows users to create their own Web pages, for $3.6 billion in 1999. In the intervening decade, however, the rise of sites such as Facebook and Twitter presented a more user-friendly alternative for consumers than coding a personal home page, and GeoCities found itself eclipsed. Full Story : eWeek.com……