Yahoo to close GeoCities, other services in revamp

Oops, that merger did not work out too well.

The Associated Press: Yahoo to close GeoCities, other services in revamp:

"Yahoo Inc. said Thursday it plans to close GeoCities, a Web site publishing and hosting service it bought in May 1999 at the height of the dot-com boom for around $3 billion in stock."

So the next time you decide to invest $3 billion for a stock with revenues of under $20 million (revenues, not earnings!), you might want to remember this one.