Afterpay-parent Block’s decision to cut more than 1,000 staff has reverberated throughout its global operations. Staff at its payment platform Square fear they could be next.
Technology and startups
Rippling, an HR tech company worth US$11.5 billion, has opened an APAC headquarters in Sydney. That puts it on a collision course with an Australian unicorn.
The engagement comes amid the departure of Lee Hunter, TikTok’s general manager in Australia and New Zealand, who last week told industry associates he was poised to step down.
The UNSW professor isn't giving up on grandfathering negative gearing, overhauling the tax system... or getting academic economists taken more seriously in Australian discourse.
Australia's next Coordinator for Cybersecurity will need to overcome industry concerns about new government powers to take control of businesses operating critical infrastructure in the wake of cyber attacks.
One of the standout performers on the ASX so far this year makes technology being used to thwart deadly drone attacks in major conflict zones around the world.
The media industry is among the first to face a real threat from the generative AI boom. News Corp and The New York Times are taking very different approaches to the problem.
In an internal email obtained by Capital Brief, the Afterpay co-founder named "brand convergence" a key priority, and moved to reassure staff about layoffs.
PC and phone sales are winding down. Both Apple and Meta have bet billions that mixed-reality headsets are next.
Grok has announced it will only focus on climate-related investments that support decarbonisation of the planet and achieving net zero.
Lee Hunter, TikTok’s general manager in Australia and New Zealand is expected to leave the short form video platform.
While the startup and VC industry has a natural and understandable tendency to be positive, when it comes to funding allocated to women, sugar-coating the reality does more harm than good.
Afterpay's founders may have pulled off one of the most miraculous exits in Australian startup history. But the VC fund they left behind could be on its last legs as investors push for it to be liquidated.
Many predicted Aussie unicorn Linktree's demise after Instagram expanded its own link-in-bio feature. That hasn't been the case.
The government is set to appoint another military officer to be its public face on cybersecurity.
A flexible and fast way to raise money, Australian startups are using SAFE notes more than ever before. But their increasing use could cause financial and legal headaches, according to new analysis.
After a dismal 2023 characterised by layoffs and a sharp decline in funding, founders and VC are more optimistic for the year ahead, with 92% of startups expecting to raise fresh capital.
Apple's new "spatial computing" headset is likely to cost over $5000 when it eventually comes to Australia. New types of apps will be needed to make it worthwhile.
Former staff believe the Square and Afterpay owner may not proceed with plans to launch its financial super app in Australia.
The Productivity Commission is urging policymakers to balance the need to manage consent requirements of collecting data while pursuing the potential productivity and economic gains AI has to offer.
The social media giant's latest earnings mark a dramatic turnaround for the company and have once again made Mark Zuckerberg the darling of Wall Street.
The use of AI is on the rise. Its potential to usher in a new era of productivity growth is undeniable. But it's far from certain.
