Investing

Reddit’s first quarter as a public company was a strong one, with key metrics like its daily user count and average revenue per user smashing Wall Street estimates.

Forbes Australia talks with the new co-managing director of First Australian’s Capital about raising funds to support First Nations founders and the rise of First Nations food and beverage categories.

Website chatbots can be frustrating. Sydney-founded startup Brainfish is working to change that by personalising fast and effective online customer interactions.

At Berkshire Hathaway’s first annual shareholders meeting since the death of former vice chairman Charlie Munger, CEO Warren Buffett projected the company’s record-setting cash pile would exceed $200 billion this year and spoke highly of Apple, despite the company’s Saturday earnings report showing it sold off a significant portion of its shares in the tech giant.

The announcement came alongside the company’s earnings report, with its nearly$6 billion in first quarter revenue beating expectations.

The company said it moved forward with layoffs because it “simply had no other way to bring its spending in line with revenue.”

Elon Musk internally announced that about 500 people, or the entire team that works on superchargers for Tesla, were being let go this week, according to The Financial Times.

An indictment naming Roger Ver—“Bitcoin Jesus”—has been unsealed in federal court. Ver has been charged with mail fraud, tax evasion & filing false tax returns.

Qantas says it’s working to resolve an issue impacting its app, after reports surfaced of a potential privacy breach.

Budget airline Bonza Aviation, which launched in January 2023, has temporarily suspended its services.