Why is Yahoo Answers shutting down?

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

Poor maintenance of the site and a declining user base have forced Verizon to decide to shut down Answers on May 4. The site will function as a read-only mode for another two weeks before that.

It makes no money for Verizon, and due to rampant trolling and bullying that cannot be controlled, it is a huge legal liability for them too.