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GetSwift: too fast for its own good

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Software market darling GetSwift twice failed to update the market about losing materially significant contracts, an investigation by AFR Weekend has revealed.

It also jumped the gun on revenue forecasts tied to a Commonwealth Bank of Australia partnership, raising questions about other deals done in 2017 when the company's share price rose ten-fold.

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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com

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    Original URL: https://www.afr.com/business/banking-and-finance/hedge-funds/getswift-too-fast-for-its-own-good-20180116-h0ji3t