Yahoo shutting down GeoCities, The First Personal Web Page for many
Yahoo bought GeoCities for more than $2.9 billion in dot-com-priced stock in 1999, when GeoCities had more than 1.1 million users. However, while the idea of having a personal presence on the Internet has caught on, GeoCities turned out to be a backwater, not the mainstream.
"We will be closing GeoCities later this year," Yahoo said in anote on the site. "We'll provide more details about closing GeoCities and how to save your site data this summer."