If your first site was on GeoCities, then let’s have a moment of silence as Yahoo has decided to retire the free service by the end of the year and is accepting no new accounts. Existing accounts still have access, but they would rather you upgrade to their paid Web Hosting service with a discount of 50%. GeoCities was bought in 1999 for $287 billion, but ComScore reports that traffic has fallen about 24% in the past year. Contact the help center if you want to close your account or have questions.
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We’re very, very sad to report that one of our favorite retailers…CompUSA…will be closing all its stores. The financially troubled chain (which closed half its stores earlier this year) was just sold to Specialty Equity, an offshoot of Gordon Brothers Group, a private equity firm. On Friday, Specialty announced all remaining 103 CompUSA stores will close. Not surprisingly, competition from mega-chains Best Buy and Circuit City is to blame for CompUSA’s woes. There is good news however: Gordon Brothers promises an “orderly wind-down” of each store. Translation: expect major “Going Out of Business” bargains this holiday season. Thanks for everything, CompUSA….we’ll miss you!
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