Yahoo! to become more like social network

04/24/2008 | NYTimes.com

Yahoo! by the end of 2008 plans to transform its Web site into an open platform-based, social hub as part of an effort to boost its advertising. The new Yahoo! will allow its 500 million users to host external applications, customize Web pages and select from an array of widgets that can be placed anywhere on the site, including on a personalized home page.

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