This Month
As meme coins and bitcoin surge, NFTs have been left behind
While bitcoin has surged to fresh highs in the Trump crypto rally, the price recovery of Bored Apes and other NFT art collections has been much less pronounced.
- Tess Bennett
August
Why CEOs working from home may be the new trend
Starbucks’ new boss Brian Niccol has decided to base himself in California rather than headquarters, dividing opinion among workplace experts.
- Michael O’Dwyer and Emma Jacobs
ASX dives 2pc; PwC bosses grilled; Fear hits AI stocks
Read everything that’s happened in the news so far today.
Nick Molnar to step up at Block, will report to Jack Dorsey
On the three-year anniversary of Afterpay’s blockbuster sale to Block, its founder Jack Dorsey has promoted Nick Molnar to head of sales.
- James Eyers
June
How TV doctor Michael Mosley revolutionised weight loss
Michael Mosley’s many grateful fans are mourning the loss of a truly good doctor after a body was found. He was 67.
- Marianka Swain
February
Hindenburg short attack puts Aussie banks in the crosshairs
The short-seller’s latest target Temenos is a prolific supplier to Australian banking minnows.
- Lucas Baird
January
‘Pretty much donezo’: Afterpay’s global ambition feared in job cuts
The company’s US parent, Block, told staff on Wednesday it is beginning to enact plans to cut more than 1000 jobs globally.
- Nick Bonyhady
December 2023
Musk blasts public markets in talk with Wood
Elon Musk bemoaned the high regulatory burden faced by publicly traded companies in a wide-ranging talk with Cathie Wood.
- Emily Graffeo and Kurt Wagner
Elon Musk’s X in political advertising push to offset revenue falls
Plans for new political ads team to hit $US100 million in sales ahead of US presidential election are met with industry scepticism.
- Hannah Murphy
November 2023
- Opinion
- AI
Adults are replacing altruists at OpenAI
Economist Larry Summers are other experienced figures will make returning CEO Sam Altman more accountable to investors, especially Microsoft.
- Parmy Olson
OpenAI investors push to reinstate Sam Altman as CEO
Microsoft’s Satya Nadella was left blindsided and furious by the decision to sack Sam Altman. He has since pledged to support him in whatever steps he takes.
- Updated
- Cade Metz, Mike Isaac and Erin Griffith
Jack Dorsey’s Block soars 25pc as it lifts guidance, cuts jobs
Block announced a $1b share buyback, said it would cut 1500 jobs, and lifted FY24 profit guidance. The market approved.
- James Eyers
- Analysis
- Disruption
Musk banks on turning X into a financial platform
“If it involves money, it’ll be on our platform,” Musk told X staff last week. But a move into financial services will involve serious regulation.
- James Eyers
October 2023
The 16 new faces on the Young Rich List
One made a fortune from glittery statement dresses, another sold up to Sam Bankman-Fried just in time. The newest self-made 40-and-unders are a mixed bag.
- Michael Bailey
Afterpay’s Block begins lay-offs after stock crashes
Recent moves in Block’s share price has seen the company’s total market cap fall to less than what it paid for Afterpay two years ago.
- Mark Di Stefano
September 2023
- Opinion
- Social media
Elon Musk is veering into antisemitism
A disproportionate number of prominent X accounts seem to share its owner’s trollish right-wing persona.
- David French
Square payment outage raises red flags at the Reserve Bank
Block-owned Square does not report data on reliability and outages to the RBA. That might change after its payments system went down on Friday.
- James Eyers
July 2023
Meta launches its Twitter rival Threads, but will it take off?
Facebook’s parent company hopes Twitter’s users are so fed up with Elon Musk’s version of the platform that they will take their tweeting habits over to the Instagram offshoot.
- Katie Paul
- Analysis
- Social media
The five reasons Zuckerberg’s plan to topple Twitter is starting now
Forget cage fighting, Mark Zuckerberg is going up against Elon Musk in his traditional arena of social media with this week’s launch of Threads.
- Updated
- Conrad Quilty-Harper
June 2023
Square to roll out generative AI to help drive retail sales
Square will deploy 30 generative AI products this year to allow retailer customers to run their businesses more efficiently.
- James Eyers