Yahoo! to expand research facilities in Europe and South America
Yahoo announced yesterday that it is expanding its research facilities in both Europe and Latin America. Web retrieval expert, Dr. Ricardo Baeza-Yates – a new hire – will work in the Barcelona office – the first addition in Europe.
Japanese portal founder jailed
Takafumi Horie, founder of Liverdoor – a major Japanese portal – has been jailed along with other members of the executive board following allegations of breaches in the country’s Securities Exchange Law. The beleaguered company has dropped more than 60% in value in the past week.