Business

Covering Business News, Leadership, Management and Industry updates for Companies, Entrepreneurs and Executives in Australia.

  • Uber is Losing an Absolute INSANE amount of Money!

    For a new company like Uber, it is never unusual to lose money for the first couple of years. It is almost expected in any case as a company seeks market share and traction. However, what is unusual for a company is the amount they are losing. It’s not unusual for a new company to… Read more »

  • Should businesses accept cryptocurrencies as payment?

    Cryptocurrencies are quickly gaining more mainstream acceptance, and their use for payment is growing which is likely due to an increase in people becoming better educated about Bitcoin, how it works, the benefits it can offer and all the drama with it. Businesses who provide the option of cryptocurrency as a legitimate payment method enjoy… Read more »

  • Millions worth of Bitcoin was lost in hack on NiceHash

    Over 4700 bitcoin (BTC)  has been stolen, clearly not the Friday Funday kind of vibes today in the crypto world. Hackers have ‘professionally’ hacked into NiceHash, and went away with 4700 BTC, amounting up to US$ 76 million. The Slovenian company, dubbed itself as the largest marketplace for mining cryptocurrency, stopped operations for a while… Read more »

  • How Amazon Australia will Impact Australia’s e-commerce Industry

    After announcing its incoming arrival to Australia, Amazon has earned a reputation for being ‘the worst possible corporate citizen’. It is now being called by names like ‘Attila the Hun’, ‘a parasite’, ‘who pays no tax’ or ‘sends everyone broke’. Why is it so? Is it the so-called happy consumers or the retailers who are… Read more »

  • The Man Who Lost $70 billion and still a Billionaire: Masayoshi Son

    The Man Who Lost $70bn And Is Still A Billionaire: Masayoshi Son “When I lost 99 percent of what I made, I could feel the joy of work again. I actually became happy after losing 99 percent. I could understand the value of money again” said Masayoshi Son, Japan’s richest man and SoftBank’s CEO while… Read more »

  • Appen acquires Leapforce for $105 million

    Appen is taking over the world, this time acquiring their competitor, US-based Leapforce for $105.3 million. This will take the ASX-listed company to another level. According to The Australian Financial Review, the deal is made up of 80 percent cash and 20 percent equity and will be funded by a new debt facility of $72.6… Read more »

  • To Incubate, or to Accelerate: That is the question.

    To be, or not to be: that is the question: Whether ’tis nobler in the mind to suffer. Hamlet What’s a quote from Hamlet got to do with business and startups?  His only business was to kill and take revenge against some dude. Well, as Hamlet was over thinking and wavering between two different extremes: life and… Read more »

  • How Uber enters new markets

    Since it’s inception in 2000, Uber has been the tech company we all love to hate. Its rise has been rapid. In 2014, it was rolling out at a rate of one city per day. Now, it’s in more than 450 cities worldwide. So, this is how Uber does it. Scout Despite the speed of… Read more »

  • Jeff Bezos is the world’s only $100 billionaire

    Amazon founder and chief executive Jeff Bezos is worth more than $100 billion all thanks to Black Friday. Bezos is the newest guy to reach that net worth since 1999, which was previously achieved by Bill Gates. Although Australia does not participate actively during Black Friday, we are pretty much aware of the Internet image… Read more »

  • Bitcoin price hits $9000

    Well, the price of Bitcoin passed $9000, setting a new high for itself. The price has been increasing since yesterday, hitting $9000 and now it is well over $9000. According to CoinMarketCap, bitcoin has increased by 8.61percent in 24 hours, and 20.47 percent over the last seven days. The market capitalisation is around $161 billion…. Read more »