Yahoo buys del.icio.us

The grandaddy of all social bookmarking services, del.icio.us, has been acquired by Yahoo!  Jeremy Zawodny, of the Yahoo! Search team, welcomed del.icio.us to the Yahoo! fold today, paying homage to "the cult-like following" del.icio.us enjoys.

This is the second important community-based site acquired by Yahoo! this year. Back in March, Yahoo! bought the photo-sharing site Flickr. The power of community is what made del.icio.us and Flickr successful. The question is, can communities like these continue to thrive under a big corporate umbrella?  How will Yahoo! integrate del.icio.us with its existing services, like Yahoo!'s social bookmarking service My Web 2.0, which is currently in beta? Like our sister site Download Squad, we'll be interested to see how this all plays out.