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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.
In a note to employees, Bartz says she was fired by the board. Chief Financial Officer Tim Morse will serve as interim CEO.
CNET breaks down most of what's happened to Yahoo since 2008, including layoffs and the failed takeover bid by Microsoft that could have taken the company in a completely different direction.
The good news for Yahoo is that it beat Wall Street's expectations. It also highlighted in its earnings release that it created a very successful landing page for all varieties of information about Prince William's wedding.
An official PlayStation app is set to launch soon on iPhone and Android, Hotmail lets you surf the Web inside your e-mail, and the Google Body Browser lets you float inside the human chassis.
On today's show, the Internet revolts over Yahoo's plans to shutter Delicious, the U.S. is looking into a privacy "Bill of Rights," and Facebook suffers an embarrassing code leak.Plus, using augmented reality to translate information in real time, plus all the world's information organized to show us how language has evolved over the last 200 years? Dudes, the Singularity is seriously right outside the door, and it wants IN. --Molly
Listed on a roster of products that Yahoo plans to phase out, the beloved social-bookmarking service says it's exploring options outside its parent company.
Gawker breach leads to password security panic, while WikiLeaks' Julian Assange is released on bail. Also: Mark Zuckerberg is named Time's Person of the Year.
The founder of the social network for bloggers, which sold to Yahoo last year, plans to launch a new company called Gnip.