Category: Finance
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Domino’s facing risky rates
Much loved Domino’s Pizza may get hit with a 24% loss to their Australian profits, if they declare it under their new enterprise agreement. This came from a report by Deutsche Bank which they are currently with. Michael Simotas, an Analyst from the bank showed their current wage agreement expired in June three years ago. They also still…
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Claiming Tax deductions correctly to the ATO
It’s that time of year again when people will be claiming usage on mobile phones, for petrol, work related travel expenses etc. In the past, there have been claims inappropriately added for ATO. Many have claimed broadband, phone and travel usage when it was in fact for personal use only. Most claim 90% as work related…
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Seven West Media invests $22M in Airtasker
Sydney-based company, Airtasker, just secured a $22 million Series B investment led by Seven West Media and now wants to become an Australian household name. The 4-year-old startup provides an online and mobile marketplace enabling users to outsource everyday tasks. It allows you to access thousands of skilled people from furniture assembly to data entry tasks. Chief Executive,…
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Snapchat continues to make billions
A recent filing with the the Securities and Exchange commission has revealed that Snapchat has brought in another $1.8 billion from its investors. Participants include Sequoia Capital, Spark Capital, Meritech Capital Partners and Dragoneer Investment Group. In March, Snapchat was estimated to be worth $16 billion, and this latest boost brings the valuation up to $18 billion.…
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Twitter’s earnings disappoint
Twitter has posted its first quarter earnings and they are noticeably less than the analysts predicted. The company earned $595 million, which fell far short of the $607.8 million expected by industry analysts. Twitter showed a net loss for the quarter of $80 million. Although the company did grow its earnings by 36%, the disappointing…
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Australia 2nd Most Likely to Suffer Debt Crisis
Forbes recently released a study into which top seven countries were the most vulnerable to a debt crisis in the next 1-3 years, and we in Australia were #2 – second only to China. Australian economist Steve Keen writes for Forbes that the same financial mishaps that were the cause of the Global Financial Crisis…
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Uber ordered to pay up $10 million
Uber has been ordered to pay at least $10 million to settle a lawsuit accusing the company of misleading customers about the safety of its service. Foremost in this lawsuit was the accusation that Uber’s background checks on its drivers were not as thorough as advertised to customers. The conclusion of the lawsuit “sends…
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Slack just raised another $US200 million
Everyone’s favourite office messenger app Slack have announced that they just raised $US200 million at a $US3.8 billion post-money valuation. With investors like Thrive Capital, Accel and Index Ventures, the company’s total funding now sits at a whopping $US540 million. Not bad for a company that gained success after failing as a video game business.…
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5 tips to get investors for your business
Your startup is going well so far but it’s time to expand and the only way to do that is get investors involved. You might have the best business in the world but without the right approach it’s still easy to get knocked back. A well-honed plan can go a long way in successfully convincing…
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Microfinance: From Empowerment To Tragedy
Microfinance has been dubbed a method of empowerment in impoverished communities. With the backing of many leaders including India’s Prime Minister Narendra Modi, it is a financing movement that has taken off. Micro financing aims to give small sums of money in banker’s terms to individual people for small business ventures. Over the past few…