Delusions Of Grandeur: Yahoo Officially Sues Facebook, Laughably Argues That Facebook's Entire Model

[Flurry]

*Groan* Makes me a bit embarrassed to be a Yahoo user.

Already an also-ran laughingstock in the internet space, on Monday Yahoo decided to shoot itself in the remaining foot by following through on its silly threat to sue Facebook for patentinfringement. That lawsuit is now official, and apparently even folks within the company are not at all pleased with the decision. As Kara Swisher has been reporting (in much more detail than most folks covering this story), apparently this effort was driven almost entirely by new CEO Scott Thompson with help from legal boss Michael Callahan. Almost everyone else was kept out of the loop. Much of the decision to sue was apparently also driven by an activist board member looking to goose the stock.



If that's the goal, it seems to have failed. The immediate reaction on Wall Street to the news was a collective meh, with the stock dropping a bit after close.

To read more, click here: http://www.techdirt.com/articles/20120312/18274118084/delusions-grandeur-yahoo-officially-sues-facebook-laughably-argues-that-facebooks-entire-model-is-based-yahoo.shtml

 

[DrLeftover]

I smell... ... desperation... in the wind.

 

[Flurry]

That's exactly what it is.