Xero executive quietly departs amid SaaSpocalypse slump
Xero’s chief people officer, charged with driving the company’s “performance-driven culture”, departed the ASX accounting giant earlier this month.
Stocks
IBM shares crashed 25% in worst day ever. Here’s why
“What played out was worse than our expectations,” CEO Arvind Krishna warned investors.
Xero gives ‘low performers’ 30-day ultimatum amid CEO pay push
Xero has amped up performance management of staff, offering underperformers the option for immediate severance, amid AI’s disruption of the SaaS market.
Telstra national mobile outage hits transport, Triple Zero services
Telstra’s mobile services are unavailable for thousands of customers across Australia. The company says it’s aware of the problem and is working to fix it. Key Takeaways Crucial Quote “The issue is impacting a number of nodes within our network that keep time across the mobile network, and when these nodes are not operating as expected, […]
‘The future’: What sparked Gina Rinehart’s billion-dollar SpaceX investment
Australia’s richest person joins forces with the world’s richest to leverage local critical mineral assets and strengthen the Australia/US relationship. They will both potentially make billions more in the process.
Investor demand for SpaceX IPO tops $250 billion, reports
The $75 billion SpaceX seeks to raise in its historic IPO would value the company at roughly $1.77 trillion.
Michael Dell’s net worth surges up $35 billion, passing Zuckerberg as 6th richest
Analysts called Dell’s latest earnings “one of the most impressive quarters we’ve seen in our time covering hardware.”
Robinhood will allow users’ AI agents to trade stocks
Robinhood said Wednesday it would allow customers to bring their own agents to the platform.
‘Ranting on LinkedIn won’t fix it’: How Airtree’s Daniel Petre wants to solve the CGT debate
Airtree co-founder Daniel Petre has problems with the Labor Government’s proposed changes to capital gains taxation, but says “screeds” on LinkedIn won’t solve anything.
Nvidia hits record $5.5 trillion value. First company to ever reach mark
Shares of the AI juggernaut are up nearly 20% in the last four weeks.