News & Analysis

THE LIST: What Victorian businesses must close or can stay open under new stage 4 covid-19 restrictions

- August 3, 2020 3 MIN READ

Victorian Premier Daniel Andrews announced another 250,000 workers will be sent home from their workplace – to either work from home or without a job for the next six weeks – under tough new lockdowns in a bid to slow the state’s growing covid-19 numbers. “If we’re serious about driving this thing down – and… Read more »

News & Analysis

Atlassian just had another massive year with $2.2 billion in sales – but it’s still running at a loss

- July 31, 2020 3 MIN READ

Atlassian Corporation saw revenue in the June quarter jump by 29% on 12 months ago, while total revenue for FY2020 hit US$1.6 billion (A$2.2 bn), up 33% from 2019. The US-listed (Nasdaq: TEAM) Australian software giant posted total revenue was US$430.5 million for the fourth quarter of fiscal year 2020 alongside an operating loss of… Read more »

News & Analysis

Andrew ‘Twiggy’ Forrest’s made two more tech investments

- July 29, 2020 < 1 MIN READ

Western Australian mining billionaire Andrew “Twiggy” Forrest has made two more startup investments through his private family investment fund Tattarang. Earlier this month, Forrest took an undisclosed majority stake in fintech Azupay, the first company on the New Payments Platform. Over the last fortnight Tattarang has backed GLX Digital, a WA startup that developed the… Read more »

News & Analysis

Startup Daily TV: RentBetter is helping landlords save money and disrupting property rental

- July 28, 2020 < 1 MIN READ

Rentbetter is an online real estate startup leading the disruption of the residential rental market providing a simple solution for landlords and tenants, from finding a tenant to managing them. The startup launched in 2016 and has since established itself as the market leader with a strong customer base. Jeremy Goldschmidt is RentBetter‘s founder and… Read more »

News & Analysis

STARTUP DAILY TV: Amazon Launchpad’s $80,000 innovation grants are now open

- July 27, 2020 < 1 MIN READ

Applications for the Amazon Launchpad Innovation Grants fare now open with five grant packages up for grabs. Each package is worth more than $80,000 and includes a $20,000 cash grant, Amazon marketing support, AWS Activate credits, and exclusive access to mentors such as Amazon leadership and entrepreneur experts from Australia and HQ in Seattle; time… Read more »

News & Analysis

The ACCC is taking on Google, accusing the tech giant of misleading consumers about combining their personal data

- July 27, 2020 3 MIN READ

Google has been accused of misleading consumers over the use of their data from using the internet, with consumer watchdog the Australian Competition and Consumer Commission (ACCC) launching legal action against the tech giant. The ACCC alleges Google failed to properly inform consumers, and did not gain their explicit informed consent, about its move in… Read more »

News & Analysis

A small business startup building relationships with corporates has won the $300,000 prize from CBA’s new accelerator program

- July 24, 2020 3 MIN READ

Two sisters connecting small companies with corporate buyers have won the inaugural Xccelerate2020 venture program hosted by the Commonwealth Bank’s X15 Ventures, landing a prize worth more than $300,000 from CBA and Microsoft. Frances Atkins and Naomi Vowel co-founded givvable, a platform that helps companies find and source sustainable suppliers. On top of $150,000 in… Read more »

News & Analysis

Australia’s unemployment rate will top 9% as we head to Christmas, Treasurer says

- July 23, 2020 2 MIN READ

Australia’s unemployment rate is predicted to hit 9.25% in the December quarter this year as the shockwaves from the Covid-19 pandemic continue to hit the national economy, Treasurer Josh Frydenberg said in updating the government’s budget figure In the Economic and Fiscal Update released today, the Treasurer said 700,000 jobs had been saved as a… Read more »

News & Analysis

Tradie marketplace Service Seeking cops $600,000 fine over customer ‘reviews’ written buy the businesses

- July 22, 2020 2 MIN READ

Reviews pre-written by companies and emailed to customers to endorse as a testimonial have cost online tradie marketplace Service Seeking $600,000 following legal action by the competition watchdog the Australian Competition and Consumer Commission (ACCC). The Federal Court hit Service Seeking Pty Ltd with $600,000 in penalties for making false or misleading representations regarding business… Read more »