Nike claims New Balance and Skechers stole technology for sustainable shoes in new lawsuit
Nike claims New Balance and Skechers stole its Flyknit technology, a fiber used to make shoes lightweight and supportive while being sustainable.
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TikTok is about to stop paying creators for videos under 60 seconds
TikTok will discontinue its US$1 billion (AU$1.6 billion) Creator Fund, which launched in 2020 in a bid to incentivise creators onto the platform, from the 16th of December.
WeWork shares halted amid reports of bankruptcy
Shares for the office-sharing company have fallen nearly 99% this year.
Get ready for a Melbourne Cup day rate rise
Get ready for a Melbourne Cup-day rate rise was the consensus opinion from an economics panel at the Forbes Business summit in Sydney.
Beauty giant Estée Lauder’s stock crashes 19% to 6-year low—Heirs lose nearly $3 billion
The five billionaire Lauder heirs correspondingly lost a combined $2.9 billion Wednesday.
WeWork stock plummets 50% after impending bankruptcy reports
WeWork, a company once valued at $47 billion, now sells for around $1.12 per share at a market capitalization of $59 million.
Forget ‘crushing it,’ startup founders open up about mental health problems
From therapy and peer groups to vulnerability and psychedelic drugs, entrepreneurs open up about their strategies for dealing with mental health challenges.
Alphabet Earnings: Google parent stock slides despite profit, sales beats
Alphabet brought in a robust $59.6 billion in ad revenue last quarter but Wall Street soured on weaker than anticipated profits in the company’s cloud business.
Microsoft sinks $5 billion into Australia to ‘help seize AI era’
The investment will roll-out over the next two years, and will be the single largest investment in is 40-year history in the country.
HR ‘double unicorn’ Employment Hero valued at $2bn after $263 million raise
Tech unicorn Employment Hero has announced a $263 million Series F round to fuel its rapid global expansion, the company revealed on October 19.