Tyson Scholz

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

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, 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

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 »

Richard White

WiseTech acquires another US logistics company for $602 million

- February 17, 2023 2 MIN READ

ASX-listed WiseTech Global’s ongoing M&A spree continues with the US$414 million (A$602m) acquisition of US rail logistics company Blume Global. The deal comes just three weeks after Sydney-headquartered cargo software behemoth announced it was acquiring US logistics management software startup Envase for US$230 million (A$327m). WiseTech’s billionaire founder and CEO, Richard White, also snapped up… Read more »

road kill, wombat

ASX-listed BNPL Openpay handed to receivers just a week after ‘record’ results after failing to secure working capital

- February 6, 2023 3 MIN READ

ASX-listed Buy-now-pay-later (BNPL) fintech Openpay has been placed in the hands of receivers after it failed to bank working capital from its key funder. The payments platform has been shut down, effectively sealing the company’s fate. The collapse comes a week after the company’s quarterly results on January 31, which flagged delays in receiving the… Read more »

Richard White

Logistics giant Wisetech Global just gobbled up another tech startup for $327 million

- January 25, 2023 2 MIN READ

ASX-listed shipping platform WiseTech Global has acquired yet another tech company, snapping up the US logistics management software startup Envase for US$230 million (A$327m). Founded in 2020, Envase Technologies supplies transport management system software for intermodal trucking and landside logistics in North America. The acquisition deal is with private investment firm Firmament, and several other… Read more »


RBA and ASIC rip into the ASX after dumping its $250 million blockchain experiment

- November 22, 2022 3 MIN READ

The Australian Stock Exchange has pulled the pin on its much-vaunted blockchain project after seven years of work and at a loss of about $250 million. The ASX has been working with tech firm Digital Asset (DA) to develop a replacement for its Clearing House Electronic Subregister System (CHESS) based on distributed ledger technology since the… Read more »


Mike Cannon-Brookes just had a massive win in his battle for the soul of energy giant AGL

- November 15, 2022 2 MIN READ

Renewable energy activist Mike Cannon-Brookes has succeeded in his campaign to shake up the board of energy giant AGL with shareholders voting at today’s annual general meeting to appointment four new directors to the AGL board on the recommendation of the Atlassian cofounder’s family VC firm, Grok Ventures. Former Energy Security board chair Kerry Schott,… Read more »

dogs chasing ball

Elmo Software shares pop 28% on takeover talks

- October 13, 2022 < 1 MIN READ

Shares in ASX-listed Elmo Software (ASX: ELO) soared on Wednesday after the company confirmed it was in potential takeover talks. After stories emerged in the financial press that Accel-KKR was once again back in discussions with the HR, payroll and expense management, the company issued a “Response to Media Speculation” statement to the ASX mid-morning… Read more »


Corporate regulator ASIC takes Nuix to court over alleged misleading sales figures

- September 30, 2022 2 MIN READ

The Australian Securities and Investment Commission has launched Federal Court legal action against ASX-listed tech company Nuix and its board for alleged breaches of disclosure laws, as well as misleading or deceptive conduct around growth predictions, in the wake of the company’s IPO in December 2020. ASIC alleges that Nuix (ASX:NXL) made misleading or deceptive… Read more »


Pharma giant Pfizer wins over telehealth startup ResApp Health with $179 million takeover

- September 28, 2022 2 MIN READ

The battle for ASX-listed  ResApp Health Ltd is over with pharmaceutical giant Pfizer acquiring the telehealth startup for $179 million. The deal went through this week, having started back in April this year when Pfizer initially offered $100 million – 11.5 cents a share – before increasing its bid to 20.8 cents. Shareholders approved the… Read more »