ReadWriteWeb

Yahoo has announced that its website creation service GeoCities, which it acquired for $4.5 billion in 1999, will close later this year. Existing customers are being encouraged to "upgrade" to Yahoo! Web Hosting, which offers a site-building service and a personalized web address. The closing of GeoCities is the end of an era. Last June, we profiled the rise of "GeoCities 2.0" services, i.e. website creation tools for the Social Web. Many of them will attempt to pick up GeoCities' customers. Although, as Yahoo! itself indicated in its closure message, website building is mostly a 'feature' nowadays rather than a separate product. So, is this a viable business now for the likes of Weebly and Yola?