Why is Yahoo! Answers shutting down?

Its because verison doesn't want to allow the site to evolve. Clearly yahoo answers should be more of a mix of chat, answers and questions and forums. Y answers is one of those sites that should have evolved many years ago into a comedy site. The users wanted a more relaxed chat, answer question format. However it never evolved into it so it failed as expected. Just my opioion.  

It would do well if users were cut loose and rules relaxed.Business is business. 

For the umpteenth time: Because Verizon Media is choosing to shut it down (just as they did Yahoo Messenger and Yahoo Groups). No specific explanation was given, but considering the significant decline in quality of content on the site versus the cost of cleaning it up and keeping it running, it's not a surprise (a disappointment, but not a surprise). Do you really think this question hasn’t been asked dozens of times already? One need only review the question list to find the responses.

Yahoo Answers has not been doing well Lately a lot of Users have Left Poor Maintenance of the

Site they have not Fixed a lot of the Problems they are Likely Losing Money on it as well so

They feel its Best to Close it Down If there not going to Fix it they minus as well Close it

Down

Dogs at best usually only live 15 years or so, and Social Sites like Yahoo! Answers age in dog years.  It just got too old and creaky and the owner no longer wanted to take it for walks or take care of it.

So it's the last trip to the vet...