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Yahoo Demolishes GeoCities 10 Years, $3.6 Billion Later
Written on 26 Apr, 2009 at 12:25 in Featured, Technology | viewed 283 views times and users have made 0 comments so far
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……
Torono Stock Exchange Shutdown for entire day
Written on 17 Dec, 2008 at 23:04 in Business | viewed 300 views times and users have made 1 comment so far
The Toronto Stock Exchange (TSX) was shut down for an entire business day on Wednesday because of a technical glitch. For the first time in its history TSX was shut down for the day. On average, 451 million shares were traded daily on the TSX through November. It makes up about 90 percent of Canadian stock trading. Toronto Stock Exchange is the third largest stock exchange in North America and the seventh largest in the world by market capitalization.