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Afterpay Posts Loss Despite Mushrooming Sales

Jake Nelson August 25, 2021 No Comments

Buy-now, pay-later giant Afterpay has posted a net transaction loss of $132.6 million despite almost doubling sales over the past year. Afterpay, which is set to be acquired by US…

SoftBank Dumps MS, Facebook, Alphabet And Netflix Shares

Computer Daily News August 12, 2021 No Comments

Japanese conglomerate SoftBank has offloaded shares of US tech giants, including Facebook, Microsoft, Alphabet and Netflix. SoftBank invests in publicly listed shares through its SB Northstar trading unit and provides…

Australian Investment In Start-Ups Hits Record High

Computer Daily News August 12, 2021 No Comments

KPMG has released a report on venture capital investment in Australia showing that companies hit a record $3.4 billion in Q1, up from $2.7 billion year on year, according to…

ASX To Release Outage Report

Computer Daily News August 10, 2021 No Comments

The ASX will soon release a report into last year’s trading outage. The report which is being prepared by IBM in consultation with ASIC, will be released after the ASX…

Investors Concerned Over China Tech Crackdown

Computer Daily News July 29, 2021 No Comments

China’s move to crackdown on tech stock IPOs is fuelling growing doubt among international investors according to analysts. Chinese tech stocks faced a third straight day of heavy selling in…

Openpay Is Planning US Launch

Computer Daily News July 29, 2021 No Comments

Buy now pay later (BNPL) platform Openpay has revealed it is planning to launch in the crowded US market. The BNPL recorded net cash outflows of nearly $22 million on…

CIA Backs Aussie Start-Up

Computer Daily News July 27, 2021 No Comments

IQT International Australia, the Sydney-based arm of the CIA’s venture capital firm, has been identified as a backer of computer-vision start-up Visionary Machines. The company raised $7.5 million in a…

New Beem It CEO Plans National Rewards Program

Computer Daily News July 27, 2021 No Comments

The new CEO of payments platform Beem It, Mark Britt has kicked off plans for national Aussie rewards program Eftpos, which purchased Beem It in November 2020, announced Britt’s elevation…

Visa Backs CryptoSpend Card

Computer Daily News July 15, 2021 No Comments

Global credit card giant Visa has approved users of Australian start-up CryptoSpend to use its tap and go system to pay with bitcoin. It is the first time a payments…

ASIC Warns About Taking Advice From Finfluencers

Computer Daily News July 14, 2021 No Comments

ASIC has raised concerns about so-called finfluencers who are using social media to attract young investors with questionable financial advice. ASIC’s Executive Director, Markets, Greg Yanco, has told the Market…