Yahoo announced Friday the closure of GeoCities, the free web hosting service that allows users to create their own website.
The process of closing GeoCities will still be long, since Friday is no longer possible to create new accounts, while the existing sites will be cleared by the end of the year. In this way, users will have the time to save your data.
Yahoo! GeoCities had acqistato, born in 1994, in 1999, paying $ 4 billion.
This week Yahoo announced the cut of 5% of employees (675 people) as a result of the collapse in profits in the first quarter of 2009, which increased from 536.8 million in the same period in 2008 to 117.6 million of this' year, a decrease of 78%.