Investing

Whisper cofounder Michael Heyward’s second company made a $1.1 billion business out of acquiring floundering startups like Imgur, Genius and Kik. Then came the lawsuits.

CEO Phillippa Watson has been at the helm of ubank for three years. Forbes Australia sits down with the banking dynamo to find out what a Gen Z banking customer is looking for, and what she is doing to give it to them.

The case against Google follows a string of antitrust suits targeting tech giants, including Meta and Apple.

Australian venture capital firm OneVentures, headed up by Michelle Deaker, has just launched its seventh fund, targeting $200 million.

Collapsed crypto exchange FTX and its sister trading firm Alameda Research must pay $12.7 billion, a New York-based federal court ruled on Thursday.

The Reserve Bank of Australia is expected to keep rates on hold at 4.35% when it meets this afternoon after softer-than-expected inflation data and a share market bloodbath.

The price of Bitcoin hit its lowest mark since February, reversing months of gains.

Apple shares opened down 8%, Microsoft 5%, Nvidia 14%, Google parent Alphabet 6%, Amazon 8%, Facebook parent Meta 7% and Tesla 11%.

The global stock market slide wiped out billions of dollars from the net worths of the world’s richest people.

Musk withdrew an original lawsuit earlier this year, after claiming OpenAI and its founders were developing AI to “maximize profits” instead of benefiting humanity.