The 2007 social-networking acquisition had been flagged for the grave in December when a Yahoo cost-cutting presentation was leaked.
As it cuts costs and head count, Yahoo is also shutting down a number of social-media services that have fallen out of use or never made the company much money.
MyBlogLog turns blogs into communities
It's confirmed: tech giant buys blogging social network.
The founder of the social network for bloggers, which sold to Yahoo last year, plans to launch a new company called Gnip.
The media giant has transformed its Tagworld investment into Flux, a distributed social-networking platform that bears an interesting resemblance to a start-up that Yahoo bought last year.
Social network for bloggers adds what other social networks have had for a while--a news feed of your friends' activities.