Yahoo! Acquires Maktoob.com – Was This a Good Idea???
Tuesday, August 25th, 2009Yahoo! has had it’s share of struggles over the years. As we are all well aware, the company has been faced with the challenges of keeping up with the trends of social networking. It has been a rough and costly journey. You may recall the closing of Yahoo! 360 and announced the closure of GeoCities happening this October.
I would more say that Yahoo! has been behind the social networking wave and have been struggling to keep up. Recently, Yahoo! made an update to their homepage which made an attempt to attract and retain users to their site by offering new widgets that allow users to access their accounts from some of the more popular sites online such as FaceBook. To drive the company forward even further, Yahoo! has unveiled a new FaceBook style feature in Yahoo! Mail, which gives users the ability to post status updates. These updates have a very similar feel like FaceBook or Twitter. At this point in time, I think Yahoo! is better off continuing to develop ways to cater to social networking rather than compete with the contenders within the social networking.
One of the most breaking news occurred today with Yahoo! announcing the acquisition of a popular Arabic Internet services site called, Maktoob.com (#1, #2, #3). At this time, the price Yahoo! paid is not known. The acquisition is estimated to be fully complete by forth quarter of this year. (more…)
