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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
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The End of an Era: Yahoo Messenger Is Slated to Shut Down

By
Jonathan Vanian
Jonathan Vanian
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By
Jonathan Vanian
Jonathan Vanian
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June 8, 2018, 2:29 PM ET
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Yahoo Messenger’s days are numbered.

Yahoo said Friday that it would pull the plug on the 20-year-old messaging service on July 17.

The company said that while the service has “many loyal fans,” it will abandon the chat app in favor of newer messaging tools “that better fit consumer needs.”

Currently, Yahoo has no replacement for Yahoo Messenger, but it said it is testing new chat apps, like its Yahoo Squirrel. However, that app is not widely available.

People who want an archive of their Yahoo Messaging texts can visit a special website where they can download a history of their messages, but they only have six months to do so. After that, they will be unable to access the archive.

When Yahoo Messenger debuted in 1998, chatting services were just emerging. But over the years new chatting services like Facebook Messenger and WhatsApp eclipsed Yahoo Messenger in popularity.

In 2017, AOL shut down its Instant Messenger (AIM) after a 20-year run, likely due to changing consumer habits that favored newer chatting services from Google, Facebook, and others.

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Yahoo built a new version of Yahoo Messenger in 2015 and urged people to switch to the new version in 2016 because it would stop supporting the older version.

Considering that Yahoo has decided kill the revamped Yahoo Messenger, it’s likely that it never caught on with like the older version did in the 1990s.

Last summer, telecommunications giant Verizon closed its $4.5 billion acquisition of Yahoo. As part of the deal, Verizon merged Yahoo with AOL to form the new media conglomerate Oath.

 

About the Author
By Jonathan Vanian
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Jonathan Vanian is a former Fortune reporter. He covered business technology, cybersecurity, artificial intelligence, data privacy, and other topics.

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