Wednesday, January 30, 2008

Yahoo! In the News

They say in England that if you wait long enough for a train, two will come at once.

So it is with Yahoo! news.

First, Yahoo!'s stocks are falling to a point lowe than they have been in over four years, and they are laying off 1000 workers. Hopefully they will jettison the people who turn over the names of Yahoo! users to the Chinese government.

Second, the Full Transcript of Foreign Affairs Committee Hearing on Yahoo! and China has been posted here. It is aptly titled "Yahoo! Inc.’s Provision of False Information to Congress," and includes testimony from Yahoo! CEO Jerry Yang and General Counsel Michael Callahan. The hearing was called following the committee’s conclusion that Yahoo! officials provided false information to Congress in early 2006 regarding its role in a human rights case in China that sent journalist Shi Tao to jail for a decade.

I'm sure these two events are unrelated, but there seems as if the universe is handing out its own justice.