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Loss-making Lycos Europe plans to sell some of its assets and close the rest after failing to find an investor, the company said on Wednesday.
The Lycos Europe move, which needs to be approved by shareholders at a meeting on December 12, is the result of a strategic review begun earlier this year.
joined:June 15, 2001
Lycos found somethign that worked in the ninties, their problem was, they never evolved and are still tryign the same stuff today, whereas the other players shot ahead. Sad to see it go, but in its current state.. its probably for the best.
Have to fully agree Mack, still it's a bit of nostalgia.
Given the speed of evolution of the internet it seems like 200 years ago.
joined:Oct 23, 2000
Oh the money lost on that adventure for Lycos.
Noticed the email about this in my inbox the other day, it's a bit of a pain but it seemed to imply that we will be transferred/encouraged over to another company (I forget which), hopefully quite painlessly!
And unless they are terrible or really expensive I'll probably stick with them as I'm lazy and don't really want to have to do anything much regarding these sites!
Lycos Europe Killing Tripod, Customers Warned To Back Up [paidcontent.co.uk]
Lycos Europe, which is liquidating the majority of the business after failing to find a buyer, is shutting down its Tripod free web hosting business - and is warning users to back up now or face losing their websites. The failed portal e-mailed users on Saturday to say it is terminating Tripod accounts from February 15, after which accounts will be deleted along with all pages stored on them...
Hard to believe now, but in the early days of the dot-com boom (pre-Google), Lycos was viewed as a powerhouse in the league of Yahoo. Not sure what happened.. Failure to adapt. Failure to manage. Failure to monetise. It was really that simple.