Visa Not Guilty Of Internet Defamation
from the tough-sell dept
Online transaction company ZixIt probably wishes this court case could have happened a few years ago. Right now, it's pretty difficult to convince a jury that they would have been worth $1 billion if only it hadn't been for some nutty VP at Visa who posted 400 negative messages to their Yahoo stock message board. The jury decided that Visa was not to blame for the failure of ZixIt, which makes sense. With so many companies failing for so many reasons, it's pretty tough to prove that random messages on any stock message board could be responsible for the downfall of the company. It's also interesting to note (though, pretty obvious why) that ZixIt never sued the guy himself, but went after the big (rich) Visa International that he worked for. What I can't understand is why a VP at Visa would waste so much time posting negative messages about some tiny competitor.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Reader Comments
Subscribe: RSS
View by: Time | Thread
Good question
[ link to this | view in chronology ]