Mybloglog to close

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Mybloglog to close

creative craig

2:53 pm on Feb 24, 2011 (gmt 0)

I just got an email from Yahoo informing of their intent to close Mybloglog on May 24th.

More news from Cnet;

[news.cnet.com...]

MyBlogLog, a start-up that Yahoo acquired in 2007 for about $10 million

MyBlogLog was one of the Yahoo services listed on a leaked presentation screenshot from December as a property that would likely be sold or shut down as the troubled Yahoo cuts costs.

Other Yahoo products listed for a potential shutdown or sale included Yahoo Buzz, a onetime competitor to Digg, and Delicious, a bookmarking site that still has some very loyal users. Other products like Fire Eagle and Upcoming.org were marked for mergers or consolidation; thus far, few of these shutdowns and mergers have actually happened.

JAB Creations

7:52 pm on Feb 24, 2011 (gmt 0)

It's not about the number of assets, it's about the quality of assets. I've noticed that Yahoo's software and sites can sometimes be buggy though I do like the company in general. Yahoo could also learn from AMD as they both exist in markets dominated by others. Since Yahoo is in the title there will likely be comments against the company though that completely disregard replies, a trend I've noticed a lot in regards to Yahoo and other companies that are frequently the target of acquisition in order to monopolize key markets.

- John

pawas

8:57 pm on Feb 24, 2011 (gmt 0)

Why don't Yahoo just sell its products in Auction. They are done.

JAB Creations

9:11 pm on Feb 24, 2011 (gmt 0)

That only took little over an hour. *sigh*

bakedjake

9:38 pm on Feb 24, 2011 (gmt 0)

Why don't Yahoo just sell its products in Auction. They are done.

Oh yes. $4.1B in the bank in cash. $400M net income last quarter. #4 trafficked website in the world.

They sure are done.

Sgt_Kickaxe

9:56 pm on Feb 24, 2011 (gmt 0)

Closing down assets is a mistake. Follow my thinking here...

#1, Yahoo buys mybloglog for 10M.
#2, After improving the service Yahoo decides to cut costs and part with mybloglog.
#3, Yahoo closes mybloglog ?! I guess getting a few million for it by SELLING it instead would be dumb... oi, it was and is a good service.

I REALLY wish these big Wall St corporations would stop shooting for "Facebook numbers or nothing!"

bakedjake

9:58 pm on Feb 24, 2011 (gmt 0)

I guess getting a few million for it by SELLING it instead would be dumb...

I don't know for sure, but one would imagine they tried selling it and no one was interested.

Sgt_Kickaxe

3:12 am on Feb 25, 2011 (gmt 0)

I'll start the bidding at $100. There, someone is interested.