A lawsuit against Yahoo for the mismanagement of a human rights fund for Chinese dissidents concluded with a $5.425 million settlement. This settlement allocates at least $3 million to a new fund aimed at providing humanitarian assistance to individuals from the People’s Republic of China imprisoned for exercising their freedom of speech. The original Yahoo Human Rights Fund (YHRF), established with $17.3 million, was intended to support those imprisoned for online free speech. However, the fund’s management by the Laogai Research Foundation resulted in only $650,000, or 4%, being spent on direct support for dissidents. The remainder of the settlement will be distributed among six former prisoners, with five receiving $50,000 each and the lead plaintiff receiving $55,000. The new fund will be managed by Humanitarian China, which has previously distributed $2 million in aid to Chinese dissidents and their families.
Abhishek Rungta
@abhishekrungta
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Apr 16 No.Yahoo’s board rejected it as “substantially undervaluing” their company.Within 6 months, Yahoo’s value crashed to $14B—less than one-third of Microsoft’s offer.Yahoo’s troubles multiplied exponentially:
Abhishek Rungta
@abhishekrungta
·
Apr 16 Yahoo consistently undervalued transformative technologies.By 2008, as Google reached $150B market cap, Yahoo was struggling.Microsoft offered $44.6 billion for Yahoo—a 62% premium over market price.Did they learn their lesson?
Abhishek Rungta
@abhishekrungta
·
Apr 16 In 2006, Yahoo had Facebook practically signed for $1 billion.At the final hour, CEO Terry Semel tried renegotiating to $850M.Zuckerberg immediately walked out.The pattern at Yahoo became undeniable:
Abhishek Rungta
@abhishekrungta
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Apr 16 In 2000, Yahoo was worth $128,000,000,000…More than Ford and Disney were worth COMBINED.But by 2016, they sold for $4,800,000,000 – a 96.25% drop from their peak.Their collapse traces back to this ONE fatal decision:
Wayne Marlton
@marlton_wayne
·
Feb 7 In 1998, Yahoo made the most expensive blunder in business history.2 kids begged Yahoo to sell their website for $1 million. But Yahoo instantly rejected it.Today, that tiny site is worth $2.4 TRILLION dollars and bankrupted Yahoo.Here’s why Yahoo missed owning Google –
Sears Revenge
@SearsReloaded
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Apr 19 Ah I thought you said the type of bullet swaps Hwang set had taken out CS.Have you seen the Clearstream document showing 576 trillion Euros in settlement fails for 2022 alone?I think you’d find this fascinating — I’d love to hear your thoughts on it.
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