Social bookmarking site Delicious has been forced to deny rumours that the site is being shut down as part of Yahoo’s attempts to rein in spending and refocus its strategy.
Yahoo acquired Delicious, which allows users to store, share and discover web bookmarks, in 2005.
However, news emerged on Thursday that it would be closing down the site after Eric Marcoullier, the founder of another Yahoo web property, MyBlogLog, tweeted a Yahoo presentation slide apparently revealing these plans.
The slide has since seemingly been taken down.
In a blog post denying the rumours, the Delicious team said they were parting company with Yahoo, but would not be closing.
“No, we are not shutting down Delicious,” the blog post noted.
“While we have determined that there is not a strategic fit at Yahoo, we believe there is an ideal home for Delicious outside of the company where it can be resourced to the level where it can be competitive.”
The firm said that it was currently talking to companies and exploring its options, with more news to follow soon.
“There’s no reason to panic. We are maintaining Delicious and encourage you to keep using it,” the blog continued.
“That said, we have export options if you so choose. Additionally, many services provide the ability to import Delicious links and tags.”
Yahoo has had a turbulent week, after announcing that four per cent of its global workforce could be culled in yet more job cuts.
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