It’s no secret that Yahoo! is in serious need of company-wide renovations and restructuring. While its recent acquisitions have kept it in the news recently, the inevitable has finally arrived. Yahoo! has announced that it will be closing twelve properties between June 28th and September 28th.
These closings will likely pave the way for newer properties and help alleviate the amount of money Yahoo! is currently bleeding. You can expect Yahoo! to announce new properties and services in the coming months that will replace the twelve currently being put out to pasture.
The Impact of Yahoo!’s Closures
The decision to close these properties is not just a cost-cutting measure but also a strategic move to streamline Yahoo!’s focus on its core competencies. By shutting down underperforming or redundant services, Yahoo! aims to reallocate resources to more promising ventures. This could potentially lead to innovations that might help the company regain its competitive edge in the tech industry.
The full list of closings includes the following properties and their respective closing dates:
– Yahoo! Axis, June 28th
– Yahoo! Browser Plus, June 28th
– Citizen Sports, June 28th
– Yahoo! WebPlayer, June 30th
– FoxyTunes, July 1st
– Yahoo! RSS Alerts, July 1st
– Yahoo! Neighbors Beta, July 8th
– AltaVista, July 8th
– Yahoo! Stars India, July 25th
– Yahoo! Downloads Beta, July 31st
– Yahoo! Local API, September 28th
– Yahoo! Term Extraction API, September 28th
Historical Context and Future Prospects
Yahoo! was once a dominant force in the early days of the internet, with services like AltaVista being among the first search engines that many users relied on. However, as competitors like Google and Facebook emerged, Yahoo! struggled to maintain its market share. The closure of AltaVista, a pioneer in search technology, marks the end of an era but also signifies Yahoo!’s commitment to moving forward.
The company has been making efforts to reinvent itself through various acquisitions, such as the purchase of Tumblr and the development of new technologies. However, these efforts have been met with mixed results. The closure of these twelve properties could be seen as a way to cut losses and focus on more successful ventures.
For instance, Yahoo! Axis was an attempt to innovate in the browser market, but it failed to gain significant traction. Similarly, services like Yahoo! Browser Plus and Yahoo! WebPlayer were unable to compete with more established alternatives. By discontinuing these services, Yahoo! can concentrate on areas where it has a better chance of success.
Do you think Yahoo! can bounce back? Is the company headed in the right direction, or only making things worse?
Source – Engadget
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