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Corporate Management

The Australian Federal Court yesterday found that German construction group holding company Hochtief Aktiengesellschaft (Hochtief AG) engaged in insider trading.

The Judge had express warnings for businesses operating in Australia and expressed his criticisms in terms more usually reserved for financial services companies. He reserved special warnings for foreign corporations with operating units and subsidiaries in Australia.

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Michael Hughes explains that innovation only takes hold when someone else joins in: then others see a trend instead of an isolated freak.

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Airbnb, already facing difficulty in relation to unlicensed rentals, has issued an e-mail to all its customers requiring them to enter into a specific commitment relating to discrimination. If users do not specifically accept the policy, Airbnb says, "you won’t be able to host or book using Airbnb." But the policy has aspects that some will find difficult or, arguably, illegal to accept.

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Just as Uber, etc., drivers are often uninsured and unlicensed, so are those who let out apartments via on-line rental services. New York has long had very strict rules about short term lets but the laws had little or no bite to them. But NY Governor Andrew Cuomo has just approved a law that gives the law teeth on an escalating scale. airbnb and similar sites don't like it.

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While the average article focusses on the announcement of WhatsApp's about-face regarding the implementation of advertising, its founders having repeatedly assured user that the messaging platform would never carry advertising, the bigger issue is this: Facebook, which bought WhatsApp and authorised those assurances, and guaranteed users privacy, is about to plunder WhatsApp user data and to make it available to third parties. USers have a stark choice: try to sort out a complex opt out (that depends on whether Facebook can be trusted and history repeatedly demonstrates otherwise), to accept the total loss of privacy in messaging or to leave WhatsApp entirely.

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