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5 Other Big Sites Bought by Yahoo!

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Today Yahoo! announced that it's buying Tumblr for $1.1 billion. Let's look back at some other sites taken over by Yahooligans...and see how it turned out for them.

1. GeoCities ($3.6 billion)

Status: dead (except in Japan)

GeoCities-izer

Way back in January 1999, Yahoo! bought GeoCities, the poster child of '90s web communities. Divided into goofy topic-driven "neighborhoods," GeoCities was the place to go to build your first website, cram it full of "under construction" animated GIFs, and then forget about it for a decade.

The purchase was a stock swap valued at $3.57 billion at the time (both Yahoo! and GeoCities were public companies...though GeoCities had "only" a $2.3 billion market cap). When the deal was announced, CNN reported in the acquisition story:

In a separate announcement, GeoCities posted a net loss of $8.4 million, or 27 cents a share, for the fourth quarter ended, compared with losses of $3 million, or 14 cents a share in the year-ago period.

Um. Yeah. Anyhoo, in October 2009 Yahoo! shut down GeoCities, prompting Wired to remember the site and its estimated 38 million user-generated pages with a walk down memory lane, including popups and auto-playing music. A partial archive of GeoCities is available from Archive.org -- maybe your high school website is in there!

2. Flickr (estimated $40 million)

Status: still ticking!

WikiMedia Commons

In 2004, Canadian gaming company Ludicorp launched Flickr as a photo-sharing site. It was an outgrowth of tech the company had developed for its planned massively multiplayer online game Game Neverending, which, ironically, ended before it launched -- Flickr proved far more popular.

Ludicorp was headed by Stewart Butterfield and his then-wife Caterina Fake, and the company's sale to Yahoo! was estimated at around $40 million. Butterfield went on to create another massively multiplayer game in 2011, called Glitch, which closed due to lack of player interest. On the bright side, Flickr is still flicking away, was an estimated 6 billion images as of 2011.

3. del.icio.us ($15-30 million...ish)

Status: alive; sold to AVOS Systems

WikiMedia Commons

Delicious launched in 2003 as a social bookmarking site, using the amusingly awesome domain name "del.icio.us" (that .us on the end is the top-level domain for United States websites). In its heyday, Delicious was an exceedingly popular way to save and share bookmarks, and it boasted millions of users (and millions of dollars of investment, including some from Amazon.com).

Yahoo! picked up Delicious for an undisclosed sum, estimated to be somewhere from $15-30 million, in December 2005. In 2010, a leaked Yahoo! document revealed that the service was slated to be "sunsetted" (corporate speak for "shut down"), leading users to flee to competing sites. In a surprise move, Yahoo! instead sold the service to AVOS Systems in 2011, which promptly removed a bunch of features and re-launched the service.

4. Broadcast.com ($5 billion)

Status: functionally dead; parts folded into Yahoo! Music

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In April of 1999, Yahoo! announced a deal to acquire Broadcast.com; the sale closed in July, just months before the dot-com crash in early 2000. The sale made many Broadcast.com employees "paper millionaires" (including a few billionaires) by granting them massive Yahoo! stock options -- the only bummer was that most of those employees couldn't exercise the stock options until after Yahoo! stock tanked, along with virtually the entire dot-com stock sector.

Broadcast.com was an early streaming radio site, and its sale succeeded in making Mark Cuban a billionaire -- he now owns the Dallas Mavericks, Magnolia Pictures, and Landmark Theatres. Cuban used some of his Yahoo! loot to buy a Gulfstream V jet online in October 1999 for $40 million, a feat that earned him a Guinness World Record for the largest single e-commerce transaction.

Broadcast.com holds the distinction of being Yahoo!'s largest dollar-value acquisition.

5. Upcoming.org (terms undisclosed)

Status: dead

WikiMedia Commons

In an attempt to cash in on the "local-content market" (yeah, this was a hot new thing eight years ago), Yahoo! bought Upcoming.org, a social events site, in 2005. I actually used Upcoming.org at that time, and it was a great way to find local events, add them to your calendar, and even see what your friends were going to do after work.

Upcoming.org founder Andy Baio wrote that Yahoo! let the site stagnate after Baio and his compatriots left the company. Earlier this year, Yahoo! announced that it would close Upcoming.org with just 11 days notice, leading Baio to ask for help in archiving the site. The Archive Team sprang into action and used a distributed network of volunteers to scrape the site, saving its catalogue of events. Baio wrote: "It's hard to believe now, but there was a time when Yahoo was actually pretty cool, in its own dorky Silicon Valley way."

Good Luck, Tumblr!

Although Yahoo!'s track record with acquisitions is spotty, a Yahoo! buyout can be a good thing. Looking through Wikipedia's long list of Yahoo! mergers and acquisitions, some stick out as extremely good choices -- for instance, the $92 million acquisition of Four11 (aka RocketMail), which formed the foundation of the still-popular Yahoo! Mail. Plus, let's face it, Mental Floss is on Tumblr, so they've got that going for 'em.

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This Just In
Want to Become a Billionaire? Study Engineering
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If you want to get rich—really, really rich—chances are, you should get yourself an engineering degree. As The Telegraph reports, a new analysis from the UK firm Aaron Wallis Sales Recruitment finds that more of the top 100 richest people in the world (according to Forbes) studied engineering than any other major.

The survey found that 75 of the 100 richest people in the world got some kind of four-year degree (though others, like Bill Gates and Mark Zuckerberg, attended a university but dropped out before graduation). Out of those who graduated, 22 of those billionaires received engineering degrees, 16 received business degrees, and 11 received finance degrees.

However, the survey doesn't seem to distinguish between the wide range of studies that fall under the "engineering" umbrella. Building a bridge, after all, is a little different than electrical engineering or computing. Four of those 100 individuals studied computer science, but the company behind the survey cites Amazon's Jeff Bezos (who got a bachelor's degree in electrical engineering and computer science from Princeton) and Google's Larry Page (who studied computer engineering at the University of Michigan and computer science at Stanford) as engineers, not computer scientists, so the list might be a little misleading on that front. (And we're pretty sure Bezos wouldn't be quite so rich if he had stuck just to electrical engineering.)

Aaron Wallis Sales Recruitment is, obviously, a sales-focused company, so there's a sales-related angle to the survey. It found that for people who started out working at an organization they didn't found (as opposed to immediately starting their own company, a la Zuckerberg with Facebook), the most common first job was as a salesperson, followed by a stock trader. Investor George Soros was a traveling salesman for a toy and gift company, and Michael Dell sold newspaper subscriptions in high school before going on to found Dell. (Dell also worked as a maitre d’ in a Chinese restaurant.)

All these findings come with some caveats, naturally, so don't go out and change your major—or head back to college—just yet. Right now, Silicon Valley has created a high demand for engineers, and many of the world's richest people, including Bezos and Page, earned their money through the tech boom. It's plausible that in the future, a different kind of boom will make a different kind of background just as lucrative. 

But maybe don't hold your breath waiting for the kind of industry boom that makes creative writing the most valuable major of them all. You can be fairly certain that becoming an engineer will be lucrative for a while.

[h/t The Telegraph]

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History
148 Lost Alan Turing Papers Discovered in Filing Cabinet
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Courtesy University of Manchester

You never know what you’re going to uncover when you finally get around to combing through that decades-old filing cabinet in the back room. Case in point: The University of Manchester recently unearthed 148 long-lost papers belonging to computer science legend Alan Turing, as ScienceAlert reports.

The forgotten papers mostly cover correspondence between Turing and others between 1949 and his death in 1954. The mathematician worked at the university from 1948 on. The documents include offers to lecture—to one in the U.S., he replied, “I would not like the journey, and I detest America”—a draft of a radio program he was working on about artificial intelligence, a letter from Chess magazine, and handwritten notes. Turing’s vital work during World War II was still classified at the time, and only one document in the file refers to his codebreaking efforts for the British government—a letter from the UK’s security agency GCHQ. The papers had been hidden away for at least three decades.

A typed letter to Alan Turing has a watermark that says 'Chess.'
Courtesy University of Manchester

Computer scientist Jim Miles found the file in May, but it has only now been sorted and catalogued by a university archivist. "I was astonished such a thing had remained hidden out of sight for so long," Miles said in a press statement. "No one who now works in the school or at the university knew they even existed." He says it’s still a mystery why they were filed away in the first place.

The rare discovery represents a literal treasure trove. In 2015, a 56-page handwritten manuscript from Turing’s time as a World War II codebreaker sold for more than $1 million.

[h/t ScienceAlert]

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