G’day and welcome to Thursday. We’re hoping markets start to recover today. Or would the last CEO to leave please turn out the lights. 1. CEOs head for the exits It’s a big week for US corporate hi-flyers keen to spend more time with their families. First up, Uber Eats boss Jason Droege, who launched the… Read more »
1. Ozdaq dacked The ASX’s new technology sector index, the S&P/ASX All Tech Index (ATI), an Australian version of the US Nasdaq composite index – which is why we’ve dubbed it the Ozdaq – had a less than auspicious start yesterday amid as concerns about coronavirus rattle markets globally. Around $51 billion in value was… Read more »
Happy Monday team. Here are some water cooler moments for you. 1. Uber faces US$1bn claim that it stole the idea A California jury has given the go ahead to an inventor’s plan to lodge a US$1 billion damages claim against Uber for allegedly stealing the idea from him. Kevin Halpern… Read more »
Happy humpday. We hope you’re being paid the right wage. 1. WiseTech shares smashed (again) as it blames coronavirus for revenue downgrade Shares in Sydney-based logistics company WiseTech (ASX: WTC) are being smashed today after the company downgraded its revenue and earnings forecasts for the second half of FY2020, blaming coronavirus. The company… Read more »
Hello Thursday! Let’s see how the rest of the day pans out. 1. Vodafone and TPG win merger decision The $15 billion merger between Vodafone and TPG will go ahead following a Federal Court case that today ruled in favour of the country’s third and fourth biggest telcos and against competition regulator, the… Read more »
It’s Tuesday team. Here’s what’s going on in the world. 1. US politician who invested in an ASX-listed medtech jailed for insider trading Australia’s corporate cop, the Australian Securities and Investments Commission (ASIC) has been accused, yet again, of being asleep at the wheel, after the ABC’s Four Corners revealed the story of… Read more »
Welcome to Monday team. Here’s what we’ve seen. 1. iFined for slowdown The French version of the ACCC, the DGCCRF, has fined Apple €25 million (AU$41m) for the 2017 iOS update that slowed down older iPhone models. Apple’s sin was not slowing down the phones, which the company claimed was to prolong the life of… Read more »
It’s Friday! Let it rain. 1. Casper loses its alicorn* Mattress e-commerce startup Casper – think of it as the US Koala – was meant to be a unicorn following its final funding round ahead of its Wall Street listing this week. But when the venture priced its shares at US$12 ahead of its IPO… Read more »
Happy Wednesday team Here’s what we’ve seen going down. 1. Won’t somebody think of the Tesla shorters? Shares in Elon Musk’s electric car company skyrocketed 36% in the last two days, from US$650 to $887 at the Nasdaq’s close on Tuesday, having broken through the $900 barrier during the day’s trade. There’s no one more… Read more »
Welcome to Monday. Here’s what we’ve spotted. 1. Opening the Gates to women Melinda Gates has pledged US$50 million (AU$75m) towards helping women get into tech. In a LinkedIn post last week, the woman who’s giving away US$1 billion in 10 years to improve the power and influence of women, observed that “women graduate… Read more »
Hello! It’s a hot Friday, so let’s get cracking. 1. Apple’s US$1.1bn Wi-Fi damages case Apple and Broadcom will pay US$1.1 billion in damages to the California Institute of Technology for infringing its Wi-Fi technology patents, following a court case. Bloomberg reports CalTech lawyers said Apple’s share is $837.8 million and Broadcom, $270.2 million from the… Read more »
It’s Thursday, the BNPL wars just went up another notch, and Rafa’s out of the Australian Open. The Barty party is over. Meanwhile… 1. Planet Elon’s stocks rise Let’s call it a victory for the true believers. Shares in Elon Musk’s Tesla are heading towards $600, rising to a new record high overnight at… Read more »
Welcome to Wednesday. Let’s do this. 1. UK lets China’s Huawei in on 5G UK PM Boris Johnson has ignored US concerns about Chinese multinational telecommunications company Huawei and will let it build part of the country’s 5G network. Australia banned Huawei from being part of the local 5G roll out. Johnson has apparently broken… Read more »
Happy post Australia Day. It’s Tuesday and we hope you enjoyed the long weekend. Here’s what’s been happening. 1. Kobe Bryant’s death hits tech hard Retired LA Lakers superstar Kobe Bryant, 41, and his daughter, Gianna, 13, were killed in a helicopter crash in California on Sunday. Among the millions shocked and saddened by the… Read more »
Hello, it’s Thursday. Here’s what’s happening. 1. No ads on Netflix Netflix CEO Reed Hastings once again ruled out ads on the streaming service, despite the temptation of adding an extra US$1bn to the revenue stream, during the company’s earnings call for 2019. Netflix posted US$20 billion in revenue for 2019, with the year’s… Read more »
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