Shares

Finding out who owns Australia’s biggest companies isn’t easy. Data journalist Juliette O’Brien sleuthed dozens of sources to find the answer.

The company’s A and B Class shares were both up more than 10% on Friday.

Spotify shares were up more than 6.8% in pre-market trading Monday morning after news broke that it would lay off roughly 1,500 of its workforce in an effort for the audio streaming service to cut costs amid slowing growth.

Meta is suing the Federal Trade Commission, claiming the agency’s in-house courts are unconstitutional and violate due process protections, a bid that also aims to stop the FTC from making blanket changes to a 2020 privacy violation settlement that would further restrictions on Meta’s data monetization practices.

Pfizer shares tumbled again Monday, continuing the pharmaceutical giant’s struggles tied to declining demand for its Covid-19 products and essentially wiping out the entirety of the firm’s peak pandemic gains.

Chief executive Bjorn Gulden said the scenario is “financially the worst case.”

The five billionaire Lauder heirs correspondingly lost a combined $2.9 billion Wednesday.

The company said its Okta authentication service was not targeted and remains unaffected by the hack.

Alphabet brought in a robust $59.6 billion in ad revenue last quarter but Wall Street soured on weaker than anticipated profits in the company’s cloud business.

Netflix reported nine million net subscriber additions exceeded analyst estimates.