Yahoo announced it will close GeoCities this year, the now 15-year old free webhosting service was acquired by the search engine in 1999 during the dotcom heydays for $2.9 billion. GeoCities is no longer accepting new customers and existing users will receive more details on how to save site data this summer. The sad thing about this is that many old amateur websites are going to vanish without any trace later this year.
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."