Lycos Europe to close down services

I am a proud member of Lycos Web Hosting but was a bit shocked today to receive a message through informing me I am being transferred due to the failure of gaining investment for Lycos to continue. So I looked into the story and found an article posted by Reuters that says Lycos Europe is losing money by the day and the only way to really save the company is by selling off some of its main assets which are the portal side of the company and the web hosting.

Lycos has been a household name on the internet since the big boom back in the late 1990's where it was founded by Dr Michael Loren Mauldin of Carnegie Mellon University, from then on Lycos grew and grew and in 1999 was named the Internet's most visited website. In 1999 came the change of ownership when Terra bought Lycos for $5.4 billion and renamed the company to Terra Lycos, but it was then sold again in 2004 to Korean company Daum Communications and renamed to Lycos Inc.

Lycos Europe has said they are looking for a US or Asian buyer to help them compete with the big names like Google and Yahoo in the search market.

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11 Comments

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Nothing lasts forever, everything eventually becomes forgotten history. I remember using Lycos back in the back especially wneh Lycos.UK gave out 50MB of hosting on the ad supported free hosting package. It was an unprecedented amount of storage at the time.

Lycos has never been worth a flying flip and can't believe it's still around even.

Same thing with that Excite seach crap site.

I thought badblood was talking about dogpile also. Tripod wasn't a search engine, but it was a web hosting site that had a search engine built in to search just through Tripod.

I remember Lycos being one of the first major search engines I used. There was Lycos, Ask Jeeves and one I can't remember the name of. I think it had a dog as the search hound thing! They have all gone to the wall since 1997/98, funny enough around about the time Google appeared on the scene.

badblood said,
I remember Lycos being one of the first major search engines I used. There was Lycos, Ask Jeeves and one I can't remember the name of. I think it had a dog as the search hound thing! They have all gone to the wall since 1997/98, funny enough around about the time Google appeared on the scene.

The dog one IS Lycos :P Were you thinking of Tripod?