Lycos
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225641565
2008-07-14T18:15:00Z
RGTraynor
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Replacing per MOS, Replaced: October of → October using [[Project:AutoWikiBrowser|AWB]]
{{Infobox Dotcom company
| company_name = [[Image:Lycos Logo.gif|Lycos logo]]
| company_logo =
| company_type = [[Subsidiary]]
| foundation = [[1994]]
| founder =
| location = {{flagicon|US}} [[Waltham, Massachusetts]], [[United States]]
| key_people =
| revenue = {{profit}} [[USD|$]] UNKNOWN
| operating_income =
| net_income =
| num_employees = 72 in US ([[2007]])
| parent = {{flagicon|South Korea}} [[Daum Communications]]
| company_slogan =
| url = [http://www.lycos.com/ Lycos Search Home]
| screenshot = [[Image:lycos.png|250px]]
| caption = A screenshot of Lycos.com
| alexa = <2000<ref>[http://www.alexa.com/data/details/traffic_details/lycos.com lycos.com - Traffic Details from Alexa<!-- Bot generated title -->]</ref>
| website_type = [[Web search engine|Search Engine]] and [[Web Portal]]
| language = multilingual
| advertising =
| registration = optional
| launch_date = {{launch date|1995|4|13}}
| current_status = active
}}
'''Lycos''' is a [[Web search engine|search engine]] and web portal centered around broadband entertainment content. It began as a search engine research project by Dr. [[Michael Loren Mauldin]] of [[Carnegie Mellon University]] in [[1994]]. Bob Davis joined the company as its CEO and first employee in 1995. Lycos then enjoyed several years of astounding growth and, in 1999, became the most visited online destination in the world with a global presence in more than 40 countries. Lycos was sold to [[Terra Networks]] of Spain in May 2000 for $5.4 billion, forming a new company, Terra Lycos, maintaining its position as one of the world's largest Internet companies. Shortly after the merger Davis left the company to become a [[venture capitalist]] with Highland Capital Partners in Boston. In October 2004, Lycos was sold by Terra's parent company, Telefonica, to [[Daum Communications]] Corporation, the second largest Internet portal in [[Korea]], becoming, once again, Lycos, Inc. Lycos remains a top 25 Internet destination in the US. It is the 13th largest online property worldwide according to [[comScore Media Metrix]]. Lycos also remains a top 5 Internet portal, behind [[Yahoo]], [[MSN]], [[AOL]] and [[MySpace]].<ref>comScore Media Metrix</ref>
==Introduction==
Shortly after the development of the search engine, Lycos, Inc. was formed with approximately US$2 million in [[venture capital]] funding from [[CMGI]]. The founder and CEO of Lycos from inception was Bob Davis, a native of Boston who incorporated the company in [[Massachusetts]] and concentrated on building it into an advertising-supported [[web portal]]. Lycos grew from a crowded field in 1995 to become the most-visited web portal in the world in the spring of 1999 (as measured by visits to all of its sites).
In [[1996]], the company completed the fastest [[IPO]], from inception to offering, in [[NASDAQ]] history and in 1997 became one of the first profitable internet businesses in the world. Over the course of the next several years Lycos acquired nearly two dozen high profile internet brands including [[Tripod.com|Tripod]], [[Gamesville]], WhoWhere, [[Wired News|Wired Digital]], Quote.com, [[Angelfire]], and Raging Bull.
[[Lycos Europe]] was a joint venture between [[Bertelsmann]] and Lycos, but has always been a distinct corporate entity. Although Lycos Europe is the largest of the overseas ventures, several other companies also entered into joint venture agreements, including [[Lycos Canada]], [[Lycos Korea]], and [[Lycos Asia]].
Near the peak of the internet bubble in May 2000 Lycos announced its intent to be acquired by [[Terra (company)|Terra Networks, S.A.]], the internet arm of the Spanish telecommunications giant, Telefonica, for $5.4 billion. The acquisition price represented a nearly 3,000 times return on the initial venture capital investment in Lycos and about 20 times its initial public offering valuation. The transaction closed in October 2000. The merged company was renamed Terra Lycos yet the Lycos brand was the US franchise. Overseas, the company continued to be known as Terra Networks, S.A. Davis left the company shortly after the merger was completed to join [[Highland Capital Partners]], a premier venture capital fund, where he now serves as a Managing General partner and concentrates on internet investments.
On [[August 2]], [[2004]], Terra announced that it was selling Lycos to [[Seoul]], [[South Korea]]-based [[Daum Communications Corporation]] for $95.4 million in cash, less than 10% of Terra's initial multi-billion investment. In October 2004, the transaction closed, and the company name was changed back to Lycos, Inc.<ref>{{cite web |title=Korean Daum Acquires Lycos U.S. |url=http://info.lycos.com/pressroom/100604_press.asp |date=2004-10-06 |accessdate=2007-01-25 |publisher=Lycos}}</ref> The remaining Terra half of the business was subsequently reacquired by Telefónica.
Under new ownership, Lycos began to refocus its strategy in 2005, moving away from a search-centric portal, toward a community destination for broadband entertainment content. With a new management team in place, Lycos also began divesting properties that were not core to its new strategy. In July 2006, [[Wired News]], which had been part of Lycos since the purchase of Wired Digital in 1998, was sold to [[Conde Nast]] and re-merged with ''[[Wired (magazine)|Wired]]'' magazine. The Lycos Finance division, best known for [[Quote.com]] and [[Raging Bull.com]], was sold to FT Interactive Data Corporation in February 2006, while its online dating site [[Matchmaker.com]] was sold to Date.com. In 2006, Lycos also regained ownership of the Lycos trademark from Carnegie Mellon University, becoming Lycos, Inc. once again.
During 2006, Lycos introduced services including [[Lycos Phone]], which combined IM, video chat, real-time video on demand and an MP3 player. In August the same year a new version of Lycos Mail was released that allowed sending and receiving mega files, including unlimited size file attachments. In Nov. 2006, Lycos began to roll out applications centered around social media, including the Web's first{{Fact|date=February 2008}} watch & chat video application, with the launch of its [[Lycos Cinema]] platform. In Feb. 2007, [[Lycos MIX]] was launched, a tool allowing users to pull video clips from YouTube, Google Video, Yahoo Video and MySpace Video, creating playlists where other users can add video, comments and chat in real-time.
==Criticism==
Lycos Networks usage policy has been under fire since the many mergers with related sites, especially web hosting. Main topic of criticism has been #7. on their terms of service:
"[...] any Content posted by or in connection with the Products and Services, you grant Lycos a world-wide, royalty free, perpetual, license to use, copy, transmit, publicly display, publicly perform, create compilations including, create derivative works of, and distribute such Content [...]."
And "Such license shall apply with respect to any form, media, or technology now known or later developed."
This essentially gives Lycos the right to freely reproduce, copy and make derivatives of any hosted works, even non-public ftp files.
==Lycos Network sites==
*[[Angelfire]] [http://www.angelfire.lycos.com], a Lycos property providing free webhosting, blogging and web publishing tools
*[[Gamesville]] [http://www.gamesville.lycos.com], Lycos's massive multiplayer gaming site
*[[Hotbot]] [http://www.hotbot.com], a Lycos-owned search engine
*[[HtmlGear]] [http://www.htmlgear.lycos.com], a Lycos property providing web-page addons (guestbooks, etc.)
*[[Tripod.com]] [http://www.tripod.lycos.com], a Lycos property providing free webhosting, blogging and web publishing tools
*[[Webon]] [http://www.webon.com], a next generation web webhosting and publishing platform
*[[WhoWhere.com]] [http://www.whowhere.com], a people search engine
===Lycos-branded sites===
*[[Lycos Domains]] [http://www.domains.lycos.com], Internet [[domain name]] purchasing
*Lycos Mail [http://mail.lycos.com], free email provider, formerly known as Mailcity.com.
*[[Lycos Planet]] [http://planet.lycos.com], Lycos social networking and light web-building site. It is the successor to [[Lycos Circles]] which was shut down in September [[2005]].
*[[Lycos Retriever]] [http://www.lycos.com/retriever.html], an automatically generated information summarization service.
*[[Lycos Cinema]] [http://cinema.lycos.com], online video and social networking site.
*[[Lycos MIX]] [http://mix.lycos.com], a video playlist, chat and social networking site.
==Former Lycos sites==
*[[GetRelevant]], a Lycos online advertising site
*[[Quote.com]] and Raging Bull, a finance site
*[[Matchmaker.com]], a dating site
*[[Webmonkey]], web-building help and tutorials
*[[Wired.com]], the online arm of ''Wired'' magazine
==References==
{{reflist}}
==External links==
* [http://www.lycos.com/ Lycos Search Home]
* [http://daum.net Lycos' parent company]
[[Category:Companies established in 1994]]
[[Category:Internet search engines]]
[[Category:Companies based in Massachusetts]]
[[Category:Web portals]]
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