Terra.com is out of business. The publisher and internet services company owned by Spain’s Telefónica shut down operations and pulled the plug on all of its Spanish-language websites in the United States, Argentina, Chile, Colombia, Spain, México and Peru.
The LATAM company headquarters in Miami also closed its doors. It’s unclear at this point how many people lost their jobs.
Terra’s website warned free email users they had until Friday at 11:59 pm to back up and store their messages elsewhere since all accounts would be discontinued.
Terra was founded in 1999 and went on to become one of the most popular portals – at one point reaching over 100 million monthly visitors. But in recent years, the company struggled to monetize the Spanish-language sites, eventually forcing the shutdown.
Users who visit Terra.com are greeted with a message that the site, chat and email no longer work and are redirected to the Terra Brazil portal, which continues its operations.
Telefonica Data, a subsidiary of Telefonica Brasil, announced today, July 3, it acquired Terra Networks Brasil, which owns the Terra portal $75.5 million.