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 a note on the site . "We'll provide more details about closing GeoCities and how to save your site data this summer." Source: CNETNews