I wonder, is this thing really that costly they need to drop it? With the bandwidth dirt cheap nowadays and the storage too, and the majority of content being simple static html pages, how much to they spend to support geocities?
I mean, I can understand google having problems with youtube, - that's a huge video site after all that hosts maybe half of worlds' online videos (but I still think the figure of their $500mil/year loss on youtube that is floating around is grossly overestimated) - but geocities? They're mostly html pages with a few pics if any, plus a long tail of old sites that still get traffic which is worth gold with contextual advertising while being almost free to run. Why would they drop it, I just don't get it... Or do I miss something?
Oh and they have their own advertising platform, why not to just plaster it everywhere and let people get checks for the ads displayed on their sites? Sorta sponsor free host model used in our business which is insanely profitable even with traffic heavy apps, which is not the case here. I'm sure nobody would bitch after the contextual ads panel was added to their site, if offered to get checks for it.
Old sites is still there, but I dont think you can create a new account.
Earnings: Yahoo: Net Income Down 78 Percent; Will Cut Five Percent of Work Force
By Joseph Tartakoff - Tue 21 Apr 2009 01:25 PM PST
Hammered by a weak online advertising market, Yahoo (NSDQ: YHOO) reported steep drops in net income and revenue during the first quarter and, as expected, announced another wave of layoffs?this time, five percent of its workforce.
Results were largely in line with expectations. The company posted net income of $118 million ($0.08 per share), down 78 percent from the $537 million ($0.11 per share) recorded during the same period a year ago. Revenue for the company?s first fiscal quarter dropped 13 percent to $1.58 billion, from $1.8 billion a year ago. On average, analysts had expected earnings per share of $0.08 cents and revenue of $1.63 billion.
Yahoo put their hands in too many projects. You can find anything at that site, but each service is just kind of average. And over the past five years they've gone completely stale aside from that lackluster social networking service.
Yahoo bought Geocities back in 99..I'm surprised it stuck around for as long as it did. They declared an $8 million loss for the final quarter of 1998, I couldn't imagine what it cost to keep alive from then until now.
Had my first porn site on there, it was only a banner farm, but got signups from the yahoo and aim chat boards back when kids used to use there parents credit cards, where there wasnt chargebacks as a normal thing
Yahoo seems to have a habit of failing to capitalize on its early position of advantage. Besides Geocities, another example of their failure to expand on a purchase is OVERTURE (formerly known as goto.com) There's a few others in their portfolio. Plus, many parts of Yahoo's portfolio are gold mines--but not to yahoo. For example: Yahoogroups and Yahoochat. The way Yahoo is going, I wouldn't be surprised if the company gets sold for a song sometime in the near future
Originally posted by Pleasurepays
Earnings: Yahoo: Net Income Down 78 Percent; Will Cut Five Percent of Work Force
By Joseph Tartakoff - Tue 21 Apr 2009 01:25 PM PST
Hammered by a weak online advertising market, Yahoo (NSDQ: YHOO) reported steep drops in net income and revenue during the first quarter and, as expected, announced another wave of layoffs?this time, five percent of its workforce.
Results were largely in line with expectations. The company posted net income of $118 million ($0.08 per share), down 78 percent from the $537 million ($0.11 per share) recorded during the same period a year ago. Revenue for the company?s first fiscal quarter dropped 13 percent to $1.58 billion, from $1.8 billion a year ago. On average, analysts had expected earnings per share of $0.08 cents and revenue of $1.63 billion.
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