Australian FB rival breaks crowdfunding record

LITT has raised $500,000 in just 40 minutes, with more to come.

A worker pushes Amazon.com Inc. packages in front of a FedEx Corp. delivery truck in New York, U.S., on Monday, Nov. 26, 2018. Americans spent $50.6 billion online this month through Sunday, a 20 percent increase from a year ago and spearheaded by a 24 percent surge to $6.2 billion on Black Friday, according to Adobe Analytics. Cyber Monday is expected to add another $7.8 billion -- an 18 percent year-over-year gain for that day. Photographer: Christopher Lee/Bloomberg

Hello and welcome to The Download, The Australian’s technology blog for the latest tech news.

Technology stocks rallied Tuesday, with the Nasdaq Composite logging a big gain a day after sliding into correction territory.