Australia

Afterpay

Afterpay’s meteoric rise as a lending pioneer

Block Inc, formerly Square Inc, is set to complete its acquisition of buy now, pay later (BNPL) company Afterpay Ltd by Feb. 1, one of the biggest takeovers in Australian history.

Platform News: Twitter App

Twitter expands feature allowing users to flag misleading tweets

Twitter Inc has said it will expand a feature it has been testing which allows users to flag misleading content on its social media platform to Brazil, Spain and the Philippines.

Platform News: Software titan Microsoft building

Microsoft’s $16 billion Nuance bid gets EU antitrust approval

The European Commission has granted Microsoft unconditional antitrust approval for its $16 billion bid for artificial intelligence and speech technology company Nuance Communicatio...

Facebook is Meta

Facebook to win conditional EU nod for Kustomer buy, sources say

Facebook is set to gain EU antitrust approval for its acquisition of Kustomer after offering remedies that allow rival products to function with those of the U.S. customer service ...

Afterpay

Afterpay gets shareholder nod for Block Inc buyout; majority of proxy votes in favour of deal

Buy now pay later firm Afterpay Ltd said on Tuesday its $29 billion buyout by Block Inc, previously known as Square, got overwhelming support from shareholders, with 99.79% of the ...

Platform Economy in Australia, primarily in Melbourne and Sydney

Australia proposes new laws to regulate crypto and BNPL sector

Australia will create a licencing framework for cryptocurrency exchanges and consider launching a retail central bank digital currency as part of the biggest overhaul of its A$650 ...

Facebook's Instagram

Instagram, ahead of US Senate hearing, tightens teen protection measures

Instagram has said it will be stricter about the types of content it recommends to teens in the photo-sharing app and will nudge them toward different areas if they dwell on one to...

Facebook, WhatsApp and Instagram

Australia challenges Facebook to back anti-troll defamation law

Facebook Inc will show it has no interest in making the online world safe if it quits Australia over laws holding it liable for defamation on its platform, Prime Minister Scott Mor...

Scott Morrison Australian PM

Australia to introduce new laws to force media platforms to unmask online trolls

Australia will introduce legislation to make social media giants provide details of users who post defamatory comments, Prime Minister Scott Morrison has said.

Platform News: Spotify music streaming app based out of Sweden

Spotify launches ‘Netflix Hub’ on its app to attract fans

Music streaming platform Spotify Technology has said it has introduced a new hub where fans can listen to all the official soundtracks, playlists and podcasts related to Netflix In...

Commonwealth Bank: Australia

Australia’s CBA partners with Silicon Valley AI firm H2O.ai

Commonwealth Bank of Australia said it acquired a minority stake in a Silicon Valley-based artificial intelligence firm, H2O.ai Inc, in a bid to provide smarter and personalised pr...

Commonwealth Bank: Australia

Australia’s CBA breaks ranks to offer cryptocurrency trading

Commonwealth Bank of Australia will become the country’s first to offer retail clients crypto services, Australia’s largest bank has said, marking a change from the sec...

Platform News: Social Media businesses

Australia plans to force parental consent for minors on social media

Australia plans to make social media companies obtain parental consent for users under the age of 16 and threaten fines of up to A$10 million ($7.5 million) for internet platforms ...

Platform News: Facebook usage

Australian regulator ‘concerned’ about Facebook’s approach to media law

The Australian regulator behind a law forcing large internet platforms to negotiate licencing deals with media outlets has said he was “concerned” about Facebook’...

Westpac

Westpac to launch zero-interest digital card with young consumers in focus

Westpac Banking Corp said on Wednesday it would launch a digital credit card this year that would offer zero interest and be aimed primarily at young customers who are seeking the ...

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