One of the largest US web portals received a collective lawsuit from its users. The reason for such action was the large number of greeting messages that clients received when using Yahoo Messenger, which has been considered as an illegal advertising of Yahoo services. If Yahoo is found guilty, it will have to pay out a large fine. The number of plaintiffs could reach 500 000, while Yahoo will be forced to pay for every single message.
The negative news has strongly affected the value of Yahoo shares, which has already reduced by 5.59%. Traders have a good opportunity to earn money on a further fall. Trading will be available during the American session, from 13:40 to 20:00 GMT time.
The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.