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Yahoo "Loses" $2.7B In Mysterious Mexican Yellow Pages Lawsuit

Unknown Lamer posted about 2 years ago | from the send-the-a-team dept.

Yahoo! 85

An anonymous reader writes "CNN reports that a Mexico City court has ordered Yahoo to pay $2.7 billion to Worldwide Directories and Ideas Interactivas. The classified directory publisher sued Yahoo, claiming various losses and breaches involving 'contracts related to a yellow pages listings service.' Yahoo announced its intention to appeal but is saying little else about the case."

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cue standoff jokes in 3... (0)

Anonymous Coward | about 2 years ago | (#42177663)

2... UNO!

Yahoo's take (2, Informative)

clickclickdrone (964164) | about 2 years ago | (#42177665)

Re:Yahoo's take (5, Informative)

afaik_ianal (918433) | about 2 years ago | (#42177683)

http://investor.yahoo.net/releasedetail.cfm?ReleaseID=724306 [yahoo.net] will work better (without the trailing slash).

Does Yahoo even still exist? (-1)

zippo01 (688802) | about 2 years ago | (#42177687)

Is yahoo still relevant? I though yahoo had just become a none MS face for bing.When will people learn and just use Google.

Re:Does Yahoo even still exist? (0)

Anonymous Coward | about 2 years ago | (#42177719)

Is yahoo still relevant? I though yahoo had just become a none MS face for bing.When will people learn and just use Google.

...said the google bot

Re:Does Yahoo even still exist? (1, Informative)

dragonquest (1003473) | about 2 years ago | (#42177739)

Yahoo is more than just a search engine.

Well? (0)

Anonymous Coward | about 2 years ago | (#42177857)

Yahoo is more than just a search engine.

Like what?

Re:Well? (5, Funny)

Anonymous Coward | about 2 years ago | (#42178039)

Well they pay people to post on anonymous internet forums about how they're more than just a search engine, for one.

Re:Well? (2, Informative)

In hydraulis (1318473) | about 2 years ago | (#42178119)

https://en.wikipedia.org/wiki/Yahoo!_Japan [wikipedia.org]
http://www.yahoo.co.jp/ [yahoo.co.jp]

Yahoo is actually really big over there. eBay exists, but may as well not: Yahoo! Auctions is overwhelmingly dominant in online auctions. Yahoo! Shopping takes the role of Amazon.com. (Amazon itself has a presence also, and it isn't too shabby.) And Yahoo! Japan is also a broadband provider with a lot of mindshare.

They've diversified. Wisely so.

Re:Well? (0)

BrownLeopard (876112) | about 2 years ago | (#42178205)

What does Japan have to do with Mexico?

Re:Well? (2)

In hydraulis (1318473) | about 2 years ago | (#42178551)

Read the whole thread for context.

Re:Well? (-1)

BrownLeopard (876112) | about 2 years ago | (#42178629)

Taken in context: "Yahoo is actually really big over there. eBay exists, but may as well not: Yahoo! Auctions is overwhelmingly dominant in online auctions. Yahoo! Shopping takes the role of Amazon.com. (Amazon itself has a presence also, and it isn't too shabby.) And Yahoo! Japan is also a broadband provider with a lot of mindshare." Links for Japan. What does this have to do with Mexico? Why not post links for Mexico since, you know, this article is about Mexico, not a country that is not even on the same continent?

Re:Well? (0)

Anonymous Coward | about 2 years ago | (#42178781)

autism fag

Re:Well? (0)

Anonymous Coward | about 2 years ago | (#42179829)

Are you stupid? It isn't about fucking Mexico. This part of the comment thread spawned after a joke.

Re:Well? (0)

Anonymous Coward | about 2 years ago | (#42179931)

I'm not sure you're trolling or just very clueless, but I'll try to help anyway.

First, when he said "Read the whole thread for context", he means you should the whole thread, not fully quote the one comment you have a problem with.

Now, if you read the whole thread again, you'll see that it started with someone asking if Yahoo! is still relevant. The comment you have a problem with says Yahoo! is still relevant.

You should note that the thread is not about whether Yahoo! is relevant in Mexico. So the comment saying it's relevant doesn't neet do say it's relevant in Mexico.

It's all in the lingo (2)

A nonymous Coward (7548) | about 2 years ago | (#42185611)

Bear with me here ...

Japanese syllables generally start with a consonant and end with a vowel, or are a vowel alone. Thus "McDonalds" is something like "ma ku do na ru do" and a Big Mac is a biggu makku.

For some reason, they used the American pronunciation of "Mexico" (meks sih ko) as the basis for their word, which comes out as "may kee shi ko". But the Spanish pronunciation "may hee ko" copies over almost perfectly into Japanese. It's a shame they copied the wrong pronunciation.

I suppose the proper pronunciation could be coming into vogue. It ought to be.

But there's your Japanese Mexico USA connection.

Re:Well? (4, Funny)

RaceProUK (1137575) | about 2 years ago | (#42178171)

Yahoo is more than just a search engine.

Like what?

An exclamation of joy.

Re:Well? (0)

Anonymous Coward | about 2 years ago | (#42178829)

They are also do email and they own Flickr. I'm sure they also do other stuff, but I don't care to find out what.

Re:Well? (0)

Anonymous Coward | about 2 years ago | (#42179949)

They are also do email and they own Flickr. I'm sure they also do other stuff, but I don't care to find out what.

yahoo pipes, if that's still going

Re:Well? (1)

Cid Highwind (9258) | about 2 years ago | (#42183575)

It's also a museum of web design from the "portal era".

Re:Well? (0)

Anonymous Coward | about 2 years ago | (#42186411)

A race of stupid beings found by Gulliver.

Re:Does Yahoo even still exist? (5, Funny)

Anne_Nonymous (313852) | about 2 years ago | (#42178289)

>> Yahoo is more than just a search engine.

It can also cut through these beer cans, and look, it's still sharp enough to slice these tomatoes...

Re:Does Yahoo even still exist? (1)

rmdingler (1955220) | about 2 years ago | (#42178395)

Began to suspect it was a Ronco product when those riveting Kardashian stories started popping up on my email home page...

Re:Does Yahoo even still exist? (1)

Kittenman (971447) | about 2 years ago | (#42183025)

Yahoo is more than just a search engine.

Yahoo is less than just a search engine

FTFY.

Re:Does Yahoo even still exist? (1)

kelemvor4 (1980226) | about 2 years ago | (#42179009)

Is yahoo still relevant? I though yahoo had just become a none MS face for bing.When will people learn and just use Google.

Perhaps not relevant in search like they used to be, They do have some other popular products such as Flickr, an instant messaging product, and a few other things.

Re:Does Yahoo even still exist? (1)

rubycodez (864176) | about 2 years ago | (#42180395)

I use yahoo local to find businesses and yahoo finance to watch stocks and funds, much better than competitors

Call me a cynic... (0)

Anonymous Coward | about 2 years ago | (#42177785)

First the Samsung judgement, now this... its open season with litigation out there.

Re:Call me a cynic... (3, Funny)

Sulphur (1548251) | about 2 years ago | (#42178169)

First the Samsung judgement, now this... its open season with litigation out there.

The information superhighway needs fences to keep the liti-gators off the road.

Re:Call me a cynic... (0)

Anonymous Coward | about 2 years ago | (#42179541)

I own the patent for Internet fences. Now you pay me.

Re:Call me a cynic... (1)

A nonymous Coward (7548) | about 2 years ago | (#42185719)

Too late -- several, scratch that, a gazillion people already have the patent on internet patents. Now if they all get busy and start suing each other, they won't have time to sue anybody doing real work.

classified directory? (3, Funny)

aneroid (856995) | about 2 years ago | (#42177853)

"classified directory" vs "classifieds directory"

it is ignorant to do business in mexico (0, Offtopic)

FudRucker (866063) | about 2 years ago | (#42177865)

mexico is one of the most criminal states in the world, the US Govt and mainstream media blather on about terrorists half-way around the world in the middle-east yet ignore the drug smuggling terrorists just south of the border, and yes some of it has spilled over to the USA's side of the border

I think i know why marijuana and other drugs continues to be illegal is because the government covertly does a lot of this smuggling for profits, and it helps the police state with lots of drug money and properties confiscated, and the private prison system gets all that cheap labor too

Re:it is ignorant to do business in mexico (0)

VMaN (164134) | about 2 years ago | (#42177941)

No youtube links or NWO/FEMA ramblings? My conspiritard isn't ripe!

Re:it is ignorant to do business in mexico (1)

somersault (912633) | about 2 years ago | (#42178013)

The government sells marijuana for "profits"? When they're already several trillion dollars in debt and don't seem to give a fuck? Okay.

Re:it is ignorant to do business in mexico (0)

Anonymous Coward | about 2 years ago | (#42178967)

High on their own supply

Re:it is ignorant to do business in mexico (1)

Desler (1608317) | about 2 years ago | (#42178249)

the US Govt and mainstream media blather on about terrorists half-way around the world in the middle-east yet ignore the drug smuggling terrorists just south of the border

And yet I've read dozens and dozens of stories about them from the "mainstream media" for some time now. Maybe you just have blinders on?

Re:it is ignorant to do business in mexico (2)

SternisheFan (2529412) | about 2 years ago | (#42178929)

Well, of course. If the U.S. were to call off its war on drugs, the extreme profit motive would cease. Remember how the U.S. Col. Oliver North funded several mini-wars by allowing the crack epidemic of the 1980's, while the president and his wife told kids to ''Just say no to drugs'? Drugs are illegal because it is more profitable that way.

Easiest explanation (5, Interesting)

Hans Adler (2446464) | about 2 years ago | (#42177873)

Someone just sufficiently far removed from the judge made a bet on Yahoo's shares falling just about this time.

Interesting figure (4, Interesting)

Kergan (780543) | about 2 years ago | (#42177881)

Isn't 2.7Bn larger than the combined market value of every yellow pages business in the world combined? Might anyone know how the Judge came up with a figure this large?

Re:Interesting figure (1)

helix2301 (1105613) | about 2 years ago | (#42177967)

I know it seams like a large figure. This is another hurdle the new Yahoo CEO is going to have to deal with. I never realized how much of a mess yahoo really was until lately.

Re:Interesting figure (1)

Big Hairy Ian (1155547) | about 2 years ago | (#42178209)

I know it seams like a large figure. This is another hurdle the new Yahoo CEO is going to have to deal with. I never realized how much of a mess yahoo really was until lately.

Sorry but Ya Who????

Re:Interesting figure (3, Insightful)

Anonymous Coward | about 2 years ago | (#42177979)

The judge is probably related to the plaintiff. :)

They probably see it like winning the lottery. cha-ching!! profit!!

Re:Interesting figure (3, Insightful)

Iamthecheese (1264298) | about 2 years ago | (#42178143)

I have some idea. [corruptionbribery.com]

Re:Interesting figure (0)

Anonymous Coward | about 2 years ago | (#42178261)

Maybe this mexican Judge studied in the US?

Part damage part punitive (0)

Anonymous Coward | about 2 years ago | (#42178265)

Just like the punitive amount (6000 time the price ?) for copying 1 CD is not really related to real damage.

Re:Interesting figure (1)

Desler (1608317) | about 2 years ago | (#42178271)

Isn't 2.7Bn larger than the combined market value of every yellow pages business in the world combined?

Doubtful. AT&T sold 53% stake in their yellow pages business for $950 million [seekingalpha.com] which would put the estimates for solely AT&T's yellow pages business around $1.8 billion.

Re:Interesting figure (5, Informative)

rgbrenner (317308) | about 2 years ago | (#42178293)

Have you ever seen how much yellow pages charges each of the companies to be listed in it? It's not craigslist.. those listing can be expensive.

Earlier this year, ATT sold part of it's Yellow Pages operation for close to a billion dollars. The division is valued at $3.9billion:
http://money.msn.com/top-stocks/post.aspx?post=ec6803ce-4128-42be-bc43-eb1534853efd [msn.com]

Look at the chart on this page:
http://www.businessweek.com/articles/2012-03-22/the-golden-allure-of-the-yellow-pages [businessweek.com]

revenue:
att: 3.3 billion
dex: 1.5b
supermedia: 1.6b
yell group: 1.5b

share of TOTAL US ad spending: ~8%

Re:Interesting figure (1)

operagost (62405) | about 2 years ago | (#42183979)

I don't advertise in the yellow pages because I don't sell adult diapers or run a nursing home.

Re:Interesting figure (0)

Anonymous Coward | about 2 years ago | (#42207453)

Or probably anything except for "services" that wind up costing more than what you've been paid.

Re:Interesting figure (1)

AmiMoJo (196126) | about 2 years ago | (#42178639)

The missing factor is probably time. Yearly losses * number of years = $$$$$$$$$$.

Re:Interesting figure (0)

Anonymous Coward | about 2 years ago | (#42178755)

Isn't 2.7Bn larger than the combined market value of every yellow pages business in the world combined? Might anyone know how the Judge came up with a figure this large?

Probablly the same way you came up with a market value or evey single yellow page business...guess.

I mean you assumed they arent worth that with your statement which means you somehow assume to know it isnt worth that much.

Re:Interesting figure (1)

Bigby (659157) | about 2 years ago | (#42180119)

Because if someone wrongs you and has $1m, you sue for $100k. If someone wrongs you and has $1b, you sue for $100m. It is about the other's assets, not the actual value lost.

Re:Interesting figure (0)

Anonymous Coward | about 2 years ago | (#42180841)

The US can just tell the Mexican government to write it off the 999 gazillion dollars they owe us already - or they can say - pay back everything you owe us, right now, including 21.1% interest, compounded every 15 minutes.

Be careful Mexico (2)

Gothmolly (148874) | about 2 years ago | (#42177993)

You may find that the San Sebastian Data Center has been stripped down to the barest minimum of equipment.

Yahoo (1)

Martin S. (98249) | about 2 years ago | (#42178029)

Always seems to be the search behind search spoofing malware I have to clean up from the PCs of family and friends.

Mexican Yellow Pages (1)

Traiano (1044954) | about 2 years ago | (#42178255)

"Donde esta el restaurante de pizza?" Oh, fuck me, I'll just Google it.

Re:Mexican Yellow Pages (1)

Requiem18th (742389) | about 2 years ago | (#42178773)

Just to state the obvious, this isn't something México is doing anymore than being sued for libel is something that Britain for instance. More over World Directories really doesn't sound like a Mexican business. It's probably a larger problem between WD and Y! but Y! probably got away in the US and WD is trying somewhere else. Further more, I don't think the final fine is ever going to be that large, WD is probably looking for a settlement.

Meh (2)

asifyoucare (302582) | about 2 years ago | (#42178315)

And if they ignore the ruling what happens? Just because a court in some country rules against you doesn't necessarily mean that there's any consequence.

Re:Meh (2)

rudy_wayne (414635) | about 2 years ago | (#42178649)

And if they ignore the ruling what happens? Just because a court in some country rules against you doesn't necessarily mean that there's any consequence.

From one of the other links posted earlier:

"he 49th Civil Court of the Federal District of Mexico City has entered a non-final judgment of U.S. $2.7 billion against Yahoo! Inc. and Yahoo de Mexico, S.A. de C.V.

I don't exactly know why there needs to be a Yahoo de Mexico, but that puts them on the hook for whatever amount the corrupt Mexican court wants to decide.

Re:Meh (2)

Sentrion (964745) | about 2 years ago | (#42179551)

In most countries a business is required to establish a local legal entity to operate within it's borders. At a bare minimum most nations require the appointment of a registered agent based in the country. This is intended to protect local citizens and businesses from businesses based in other countries that do business within their borders. It is also important for complying with local laws and regulations, and payment of taxes applicable to business carried out within their borders. If you are harmed by a foreign business you have a much harder time suing them or collecting judgments if they do not have a local presence.

In theory there is some protection for the foreign business in that the national legal entity functions as a subsidiary of the foreign-owned parent company. A litigant might be able to take all assets owned by the national legal entity, but face a much harder time collecting from the parent company based in another country.

question (3, Interesting)

shentino (1139071) | about 2 years ago | (#42178339)

Are they sure that's dollars and not pesos?

Re:question (1)

jmauro (32523) | about 2 years ago | (#42178481)

The original press release says US$2.7 billion so its in USD and not Mexican pesos.

Statement from Yahoo CEO (3, Funny)

Anonymous Coward | about 2 years ago | (#42179189)

"Why must we peso much?"

Re:Statement from Yahoo CEO (0)

Anonymous Coward | about 2 years ago | (#42182875)

That sounds like "Why must we pee so much?"

Re:question (1)

mapuche (41699) | about 2 years ago | (#42179493)

Mexican newspapers confirm the figures:

http://www.milenio.com/cdb/doc/noticias2011/5118e8f851051aafbb05375db4b342f6

Re:question (1)

shentino (1139071) | about 2 years ago | (#42189495)

I know damn well what they said.

My question was if they had made a typo somewhere.

And I'm talking about TFA and not just TFS.

If the USA jumped off a bridge, Mexico... (0)

Rogerborg (306625) | about 2 years ago | (#42178655)

Given the spate of breathtakingly prejudiced flag-waving verdicts that have been coming out of US courts recently, is it any wonder that Mexico feels comfortable with trying to carve itself a slice of the pie?

And why shouldn't they? If US justice just means doing some token table pounding and then awarding a win to the home team, then you do not - you do not - get to question the integrity of foreign courts.

Re:If the USA jumped off a bridge, Mexico... (1)

Anonymous Coward | about 2 years ago | (#42178935)

It isn't the US... The EU tribunals get bored periodically and rake Google and Microsoft over the coals every so often since it makes good press for them ("evil foreign company gets hauled in for another round of justice".) Same old xenophobic shit the EU has been doing, but just now spread across the pond.

Might be nice if countries cleaned their own house, and this applies to the Yanks as well.

Re:If the USA jumped off a bridge, Mexico... (0)

Anonymous Coward | about 2 years ago | (#42207577)

Good god - I was getting ready for a rant on hypocrisy there until that last bit where you gave enough info to glean that you may be from the EU.

Personally I give the EU points for raking Goog and MS over the coals for some of their crap...

Opinions may differ, but facts of law (and sanity) do sometimes rule.

Re:If the USA jumped off a bridge, Mexico... (2)

Lithdren (605362) | about 2 years ago | (#42179109)

Not too clear to me why I cannot question the integrity of a foreign court, just because my own court system has done some questionable things.

I can question the integrity of a foreign court, just as I can question the integrity of a domestic court. You dont get to decide what I can question, thanks.

Re:If the USA jumped off a bridge, Mexico... (1)

Dishevel (1105119) | about 2 years ago | (#42179781)

Because he said so. He has declared himself "King of teh internets".
Therefore you must post as he decrees.

Re:If the USA jumped off a bridge, Mexico... (0)

Anonymous Coward | about 2 years ago | (#42179511)

Given the spate of breathtakingly prejudiced flag-waving verdicts that have been coming out of US courts recently, is it any wonder that Mexico feels comfortable with trying to carve itself a slice of the pie?

And why shouldn't they? If US justice just means doing some token table pounding and then awarding a win to the home team, then you do not - you do not - get to question the integrity of foreign courts.

You have no idea what youre talking about.

Prejudice verdicts? Haha. You must be a college kid, always looking for the most offensive and racist conclusion possible so that you can try and force yourself to look educated, intelligent and savvy infront of strangers on the internet.

Ive read your statement like 5 times and I must say, it makes absolutly no sense, it is not on topic and has 0% insight into anything. Its just some words strung together in a vain attempt at sounding like you know what youre talking about. Especially that last sentence, its hillariously awful the way you just tossed out buzz words in there. I guess it might sound smart to the really stupid but when someone with a brain reads it, it makes absolutely no sense. Go back to college kid and stay there with your own kind, we have enough people trying to pretend to be smart already out here where the adults are.

In A Pig"s Eye (0)

Anonymous Coward | about 2 years ago | (#42179125)

You can bet that Mexico will not receive that money. Can you imagine what a court in Iran might declare that an American company owes? Even the idea that Mexico has courts of law is over the edge. They have poverty and some very good people down there but justice doesn't take place in Mexico.

Mexico isn't a party to the case (1)

DragonWriter (970822) | about 2 years ago | (#42182749)

You can bet that Mexico will not receive that money.

Well, yeah, its a civil case between two private companies in a Mexican court. Even if the non-final verdict does become final and Yahoo! fully complies with it, then Mexico won't get that money -- the plaintiffs, Worldwide Directories SA de CV and Ideas Interactivas SA de CV, would get the money.

It's not going to happen (3, Funny)

physlord (1790264) | about 2 years ago | (#42179687)

I don't think that is the last word on the subject. Yahoo seems to be too little worried about this.

An off topic comment:
As a Mexican it's funny to read slashdoters opinions about my country. If you come here you would be surprised that there are a bunch of us with high speed internet, cars, smartphones, etc. We are not involved in shootings every day around each corner and we don't speak the same Spanish than the "mexican-americans", actually our culture is quite different. Believing in what the TV says about a country and establish prejudices based on that is simply wrong. Based on what I have seen about US citizens on the news I would assume they like to drink a lot and show their parts to strangers, they start shooting people randomly at schools, theaters or workplaces, most of them are ignorant. Do you know what makes the US different from yogurt? If you leave them both 300 years unattended, the yogurt will grow a culture.
You see?, prejudices are wrong.

Re:It's not going to happen (0)

Anonymous Coward | about 2 years ago | (#42182423)

You can't possibly be Mexican, you've somehow managed to learn English!

Re:It's not going to happen (1)

niado (1650369) | about 2 years ago | (#42182481)

Based on what I have seen about US citizens on the news I would assume they like to drink a lot and show their parts to strangers, they start shooting people randomly at schools, theaters or workplaces, most of them are ignorant.

Seems pretty accurate to me.

Re:It's not going to happen (1)

operagost (62405) | about 2 years ago | (#42184069)

The US has many cultures, from all the people who came here-- some of them legally. You have only two: the Mexican culture I like, and the drug culture that results in mayors being beaten and killed, and bloggers' eviscerated bodies being hung from bridges. That being said, we have an attorney general who purposely allowed firearms to be sold to Mexican drug lords to exacerbate the situation, and all I can say in my defense is that I didn't vote for the guy who appointed him.

I would assume they like to drink a lot and show their parts to strangers

Those would be the movie stars.

they start shooting people randomly at schools, theaters or workplaces

Sounds more like Mexico (the second culture)

most of them are ignorant.

Those would be our politicians.

I think I know what happed (1)

Jeffrey_Walsh VA (1335967) | about 2 years ago | (#42179713)

This shady yellow pages outfit called Yahoo! and said "We just want to confirm that you want to continue your listing in the Yellow Pages. Now I'm going to get a third party verifier on the phone; don't say anything but yes when I ask the questions"

Judgement was actually in pesos.. (1)

Anonymous Coward | about 2 years ago | (#42179775)

That's around $208,457 USD.

Re:Judgement was actually in pesos.. (1)

Redmancometh (2676319) | about 2 years ago | (#42180121)

Haha...I feel like a jackass for calling it extortion now

extortion? (1)

Redmancometh (2676319) | about 2 years ago | (#42180097)

With a number that high It's hard not to view this as a ploy to fill mexicos pockets. And the corrupt mexican officials of course. Most likely the latter since that wouldnt dent their debt. "Heeeeey yahoo my friend...those are real nicr classifieds...be a shame if something terrible were to happen to them"
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