CEO Of Rivals Committed Fraud; May Kill Yahoo Acquisition

Posted April 15th, 2007 by Warren

Rumors about a possible $100 million acquisition by Yahoo of sports content site Rivals surfaced today. But two previous deals to acquire the company died once it was discovered that the CEO, Shannon Terry, was found to have violated the anti-touting and antifraud provisions of U.S. securities laws in 1998.

Last week after reading Necromancer by William Gibson, I was lectured on the homogenization of the personal identity due to the digitization of human life. It was proposed by my prof, Fred Turner, that the interconnecting nature of the digital lifestyle gradually strips away the individual by making one dependent on the collective we call the net. We are effectively always “plugged in.” What does this have to do with the Bad Boys over at Rivals? Nothing in the slightest, but its nice to know that amidst the downward spiral orientation of society, there are still bandits at the helm of society committing old school crimes. As long as there are bank robbers, how different can society really get? Right?

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