Another site discontinued by yahoo? Just recently i got a mail from yahoo saying their decision to discontinue MyBlogLog.MyBlogLog service will be terminated on May 24th, 2011. Here is the Exact mail saying this.
Something on MyBlogLog, if you don’t know much about it. MyBlogLog is a distributed blog social network that was founded in January 2005 by Eric Marcoullier and Todd Sampson. The service launched in March 2005 and was acquired by Yahoo in January 2007 for an estimated $10 million. It is based on interactions facilitated by a popular web widget that many members install on their blog. Bloggers sign up for free accounts on MyBlogLog and can initiate a blog community for one or more blogs they author. Other registered members can subscribe to these communities, effectively bookmarking them for future reading and sharing them with their own contacts.
Bloggers can then display widgets on their sites which show MyBlogLog online community members who have recently visited their page. These widgets also contain links to visiting members’ community pages, and are one way in which users connect with one another. All members can see certain basic information about how many people visit their blog, what links they clicked and where they come from. Members may also view more extensive information about traffic on their site for a monthly fee.
Currently, MyBlogLog averages approximately 22 million visits to pages with MyBlogLog widgets each day, and the site has over 275,000 registered members.
So this massive site and investment from yahoo is going waste. On May 24, 2011 MyBlogLog will be officially Discontinued.
So guys what you say about this, does yahoo just buying big potential site and non developing it? comment on it