Yahoo buys GeoCities (1999)

#1

Post by pain_perdu » Fri, May 17, 2013, 5:06 AM UTC

Yahoo buys GeoCities (1999)
money.cnn.com

Re: Yahoo buys GeoCities (1999)

#2

Post by minimaxir » Fri, May 17, 2013, 5:23 AM UTC

Wow, people can get super-rich off the internet! Let's all invest our money in internet companies!

Re: Yahoo buys GeoCities (1999)

#3

Post by yogo » Fri, May 17, 2013, 5:29 AM UTC

My guess is that it was worth it at that time. GeoCities was huuuge. It's where I started and many of the sites I would encounter at the time from search results were hosted on GeoCities. Ah, those were the days.

Re: Yahoo buys GeoCities (1999)

#4

Post by ISL » Fri, May 17, 2013, 5:31 AM UTC

1999!

Re: Yahoo buys GeoCities (1999)

#5

Post by justhw » Fri, May 17, 2013, 5:34 AM UTC

Honest question, what would Yahoo do with Tumblr if they were to acquire it?

Re: Yahoo buys GeoCities (1999)

#6

Post by hristov » Fri, May 17, 2013, 5:35 AM UTC

This is very relevant now because rumors are that Yahoo is about to buy Tumblr for over a billion dollars. If they only took care of Geocities they would not have to buy it all over again in Tumblr form.

Re: Yahoo buys GeoCities (1999)

#7

Post by [deleted] » Fri, May 17, 2013, 5:35 AM UTC

minimaxir wrote: post #2

Wow, people can get super-rich off the internet! Let's all invest our money in internet companies!

[deleted]

Re: Yahoo buys GeoCities (1999)

#8

Post by [deleted] » Fri, May 17, 2013, 5:36 AM UTC

[deleted]

Re: Yahoo buys GeoCities (1999)

#9

Post by [deleted] » Fri, May 17, 2013, 5:36 AM UTC

ISL wrote: post #4

1999!

[deleted]

Re: Yahoo buys GeoCities (1999)

#10

Post by everettForth » Fri, May 17, 2013, 5:38 AM UTC

AOL bought Bebo for $850M in 2008, and then sold it 2 years later for $10M: http://en.wikipedia.org/wiki/Bebo