cowboy, lasso, farm
ASX

Superloop knocks back Aussie Broadband’s $466 million takeover bid as ‘opportunistic’

- February 29, 2024 3 MIN READ

Expanding internet service provider Aussie Broadband is weighing its options after fibre infrastructure operator Superloop rejected as “opportunistic” a proposed acquisition that Aussie said would have created a serious market rival to “incumbents” Telstra and Optus. A merger of the companies – which would have created a “scale player” providing a wider product offering to… Read more »

Richard White
ASX

WiseTech’s results and share price are a giant F You! to the short-sellers who predicted the software giant’s death in 2020

- February 23, 2024 3 MIN READ

About this time four years ago, China-based analyst and short-seller J Capital took its third stab at ASX-listed WiseTech Global with a report headlined “WiseTech may be the first corporate death from Covid19”. This week the logistics software company (ASX:WTC) was very much alive and kicking with its share price hitting an all-time high, above $90,… Read more »

Naomi Simson
ASX

RedBalloon founder Naomi Simson joins Weebit Nano’s all-blokes board

- August 24, 2023 2 MIN READ

ASX-listed semiconductor business Weebit Nano is adding entrepreneur Naomi Simson to its board as a non-executive director (NED). Simson, who founded online experiences marketplace RedBalloon in 2001, is already busy as a company director, sitting on several boards, including Big Red Group, RedBalloon’s parent company, as well as Australian Payments Plus, Colonial First State, University of… Read more »

Ruslan Kogan and David Shafer.
ASX

She’s Apples: Ruslan Kogan wants his ASX-listed retail business valued like a software company after $25 million loss

- August 22, 2023 4 MIN READ

Shares in online retailer Kogan.com fell nearly 14% in early trade on Tuesday after the company revealed sales had fallen 28%, revenue dropped 32% and the business posted a 26% fall in gross profit for the 2023 financial year. The statutory net profit after tax (NPAT) loss was $25.9 million an improvement on FY22’s $36.2… Read more »

hipages founder and CEO Roby Sharon-Zipser
ASX

Tradie marketplace Hipages cops misleading conduct charge from consumer watchdog over subscription cancellations

- May 30, 2023 2 MIN READ

ASX-listed tradesperson platform Hipages Group has conceded to regulator the Australian Competition and Consumer Commission (ACCC) that it potentially engaged in misleading or deceptive conduct over four years involving its subscription renewals and termination fees. The ACCC said the company’s actions were in breach of the Australian Consumer Law between October 2018 to January 2022… Read more »

R&D, science, man looking in microscope
ASX

Andrew Forrest doubles down on therapeutic ecstasy biotech Emyria

- May 1, 2023 2 MIN READ

ASX-listed biotech Emyria(ASX: EMD), which is developing psychotherapy treatments using MDMA (aka ecstacy) and psilocybin (aka magic mushrooms), has raised $2.5 million in share placement backed by existing investor Andrew Forrest through the healthtech fund Tenmile, part of his private investment group, Tattarang. The $2.5 million placement was jointly led by Perth’s Sixty Two Capital… Read more »

Airtasker CEO Tim Fung
ASX

Jobs marketplace Airtasker cuts staffing by 20%, shedding 45 jobs in push to turn cashflow around

- April 28, 2023 2 MIN READ

ASX-listed jobs marketplace Airtasker is the latest tech company to swing the scythe through its workforce, cutting 45 jobs – around 20% of its overall headcount – as part of a drive to become cashflow positive in the 2024 financial year. The redundancies are primarily in non-revenue generating functions the company (ASX: ART) said, releasing… Read more »

ASX

ASX-listed fintech IOUpay handed to administrators after its former CFO allegedly stole millions

- April 27, 2023 3 MIN READ

The board of ASX small cap IOUpay handed control to PricewaterhouseCoopers as voluntary administrators on Wednesday after a major fraud that siphoned off millions of dollars left the fintech unable to pay its bills. Shares in the Malaysia-focused fintech (ASX:IOU) have been suspended at $0.04 cents since the fraud was first uncovered in mid March.… Read more »

Tyson Scholz
ASX

Court bans ‘ASX Wolf’ finfluencer Tyson Scholz from handing out online financial advice

- April 14, 2023 2 MIN READ

Social media “finfluencer” Tyson Robert Scholz, known as “ASX Wolf” on social media, has been threatened with jail time if he attempts to charge for financial and share trading advice following a ban by the Federal Court. In December, Justice Kylie Downes found that Scholz had illegally run a financial service business between March 2020… Read more »

Monty Python, flesh wound
ASX

Shares in Afterpay’s parent company are getting slaughtered after a short seller accused Block of ‘facilitating criminal activity’

- March 24, 2023 3 MIN READ

Shares in dual-listed Block (ASX:SQ2) fell more than 18% on the ASX on Friday after a US short seller, Hindenburg Research, published a lengthy report accusing the parent company of local fintech Afterpay of inflating its user metrics and fraud facilitation after it used Block’s Cash App to order a cash card under the name… Read more »

Kogan.com
ASX

Kogan.com, Dubber, Redbubble among 7 ASX companies dropped from the All Tech Index

- March 20, 2023 2 MIN READ

Online retailer Kogan.com, along with six other ASX-listed companies, have been dropped from the S&P/ASX All Technology Index, as part of a quarterly rebalancing of indices. The change takes effect from today, March 20. Alongside Kogan.com (ASX: KGN), Dubber (ASX: DUB), RedBubble (ASX: RBL), Temple and Webster Group (ASX: TPW), Cettire (ASX: CTT), Frontier Digital… Read more »

Xero Rod Drury, Sukhinder Singh Cassidy, David Thodey
ASX

Xero slashes up to 800 jobs

- March 9, 2023 2 MIN READ

ASX-listed accounting platform Xero is the latest tech company to put a scythe through its workforce, cutting up to 800 roles globally to improve its bottom line. The New Zealand software company’s cuts come a day after Nasdaq-listed Atlassian announced it was cutting 500 positions. Xero (ASX: XRO) employs around 5000 people, meaning around 15%… Read more »