Yahoo 4Cast Allows You to Cast Predictions – Another Yahoo Flop?

We recently reported that Yahoo is going to shut down its Buzz on April 21 along with many others on the waiting list and at the same time Yahoo is trying to be innovative by introducing new services. The latest service is named as ” Yahoo 4Cast” which is basically what the name suggests, it allows you to cast prediction about any topic.

According to the description of the product, When you log in to 4Cast from your Yahoo! account, you’ll see a list of challenges. From this page, you can cast your prediction on just about any topic, from the stock market, to celebrity fashion. You can also respond to other users’ forecasts and follow your favorite users.

In short, the idea behind the 4Cast is to enable users to share their predictions on topics like sports, finance, politics and celebrity news, and compare these with other users predictions. Users can also issue ‘challenges” to extract feedback from fellow members. For example, What will the Apple Inc. [AAPL] closing price be on Wednesday 20 April 2011? You can predict whatever you think is right and if you answers matches to what actually happens on that date, you will earn points on the leaderborad.

We see it as a modified shape of Yahoo Answers and another one in the list of Yahoo failed projects. Yeah, that’s a prediction.

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