Business

Australia Inc roiled by raft of cyberattacks this year

Australian firms have suffered a flood of cyberattacks, putting the spotlight on country’s understaffed cybersecurity industry which experts say seems ill-equipped to tackle such hacks, thus endangering sensitive information of millions of people. Here is a list of companies that have been hit by data breaches so far this year: OPTUSAustralia’s second-largest mobile operator and […]

Business

Lidar duo Ouster and Velodyne to merge in all-stock deal

Lidar companies Ouster Inc (OUST.N) and Velodyne Lidar Inc (VLDR.O) have agreed an all-share merger that steps up consolidation in search of profitability in autonomous vehicle technology. Velodyne and Ouster compete in precision sensors that enable self-driving vehicles to see the world around them. Both companies have been hit hard as timetables for large-scale autonomous […]

Business

Travel app Hopper receives $96 million investment from Capital One

Hopper, a travel booking app, said on Monday it received a $96 million follow-on investment from Capital One Financial Corp (COF.N), funds it will use in part to build its social commerce business aimed at younger travelers. Hopper said the investment will also be used to grow its business-to-business unit including building fintech products and […]

Business

Musk sparks debate on content accuracy with new vision for Twitter

Twitter Inc’s new CEO Elon Musk said on Sunday the social media platform’s mission was to become the most accurate source of information about the world, sparking debate about how it would achieve that and who determines what is accurate. A flurry of drastic measures including sacking half the staff and charging users that Musk […]

Business

EU wants Airbnb, rivals to share bookings data with authorities

Airbnb (ABNB.O) and other short-term home rental companies will have to share data on the number of people using their platforms under proposed EU rules, the European Commission said on Monday, in a light-touch approach to regulating this sector. The EU executive’s proposal comes as popular tourist destinations such as Paris, Venice and Barcelona blame […]

Business

Facebook parent Meta is preparing large-scale layoffs this week, Wall Street Journal reports

Meta Platforms Inc (META.O) is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday. Meta declined to comment on the WSJ report. Facebook parent Meta in October forecasted a weak […]

Business

Airbnb changes price display on app after customer complaints

Airbnb Inc’s (ABNB.O) chief executive tweeted on Monday that the vacation rental company would make changes in the way it displays prices on its platform after it faced customer complaints. “I’ve heard you loud and clear—you feel like prices aren’t transparent and checkout tasks are a pain,” CEO Brian Chesky tweeted. Chesky said Airbnb would […]