Yahoo Pulls Plug on Eight Properties
Yahoo plans to shut down several social media and blog-oriented properties as the company appears to be focusing its resources on its more monetizable media and search businesses.
According to AllthingsD.com, following a round of layoffs earlier this week, Yahoo executives announced that eight products are being eliminated. Among the more well-known brands to be shut down are Delicious, the social bookmarking product Yahoo acquired five years ago; and Yahoo Buzz, the company’s answer to social news sites like Digg.
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