2012年(464)
分类: Delphi
2012-05-29 15:07:46
Yet in spite of such concerns, the administration’s initiative still makes
more sense than overly prescriptive, top-down legislation that could stymie
innovation. And companies seem to be willing to do more to defuse the growing
backlash over online privacy. At a press conference to promote the government’s
initiative, the Digital Advertising Alliance (DAA), an
industry group that counts many of the biggest players in the online-advertising
world among its members, said these firms were now committed to respecting “do
not track” technology embedded in web browsers—something many companies had
previously resisted. The DAA said it hoped that over the next nine months it
would get functionality included in all browsers that would allow consumers to
block tracking with only a few clicks. (Although this will not give users total
privacy: firms will still be free to, say, gather data for market-research
purposes and product development.)
The prime motivation for the bill of
rights and the DAA’s announcement is to assuage fears in America that have been
stoked by repeated online-privacy snafus. But American web firms are also
keeping their fingers crossed that these initiatives will impress European
regulators, who are busy strengthening their already strict privacy regimes.
Like American consumers, however, the Europeans will want to see the voluntary
codes in action before deciding whether or not they deserve a big round of
applause.
Shareholders can be such nuisances. This week the Alibaba group,
China’s biggest internet firm, announced that it wants to delist the shares of
Alibaba.com, its business-to-business arm, that are traded on the Hong Kong
stock exchange. The company, and its founder and chairman, Jack Ma (pictured),
made no attempt to sugar-coat the decision.
One big motivation for delisting,
the parent company said, is to have the freedom to run its offshoot “free from
the pressure of market expectations, earnings visibility and share price
fluctuations.” It also admitted that its slumping share price had been causing
problems inside the company: “A depressed share price may continue to adversely
impact employee morale,” it said.
The deal, which will set Alibaba back $2.3
billion, looks likely to succeed. One reason to think so is the hefty premium on
offer. A bit over a quarter of Alibaba.com’s shares are publicly traded, and the
firm is offering those unhappy shareholders HK$13.50 ($1.74) per share. That
matches the offer price of the firm’s initial public offering in 2007, and is
roughly 46% higher than the last closing price two weeks ago, when trading in
the of heavy
industry firm’s shares were halted.