ASX Announcements
Yesterday
Why Jack Dorsey’s new plan for Block could see it re-rate
ECP’s Justin Warton says the US fintech is “too cheap” and explains why there is more money to be made in the smaller end of the sharemarket.
- Joanne Tran
September
ASIC sets off the crypto fire alarm, Canberra will have to respond
Delegates to this week’s Summit pleaded for clarity about how digital assets are defined under corporate laws.
- James Eyers
Digital debt collector worth $350m after big money raise
Business booms for InDebted when cost-of-living hits consumers. It has attracted new investors, including a super fund to back a rare valuation increase.
- Paul Smith
Industry veteran builds ‘better’ model to pick ASX winners
Former Credit Suisse alumni John Birkhold has spent years developing a model that undoes traditional ways of investing – he’s now about to turn it on the ASX.
- Joshua Peach
August
ASX dives 2pc; PwC bosses grilled; Fear hits AI stocks
Read everything that’s happened in the news so far today.
Nick Molnar to step up at Block, will report to Jack Dorsey
On the three-year anniversary of Afterpay’s blockbuster sale to Block, its founder Jack Dorsey has promoted Nick Molnar to head of sales.
- James Eyers
June
‘First draft fairy:’ How corporate lawyers are using game-changing AI
Legal eagles inside some of Australia’s best-known companies are training themselves to stay competitive in the AI era.
- Paul Smith
Buying the dip? Seven trashed ASX stocks fundies are snapping up
Lovisa, Worley and Orora are among the recent laggards that fund managers have been buying at – what they believe – are rare discounts.
- Joshua Peach
Boost for Afterpay as Block drops plans for Cash App in Australia
Afterpay Plus will make buy now, pay later more ubiquitous, says Nick Molnar, in his first public comments on the growth strategy in Australia post-acquisition.
- James Eyers
Afterpay says Treasury has overreached on BNPL regulation
Consumer groups, banks and even the corporate regulator say they also have concerns about Labor’s proposed laws to regulate buy now, pay later as credit.
- James Eyers
May
- Opinion
- Start-ups
Why we should celebrate the unsung heroes of the Aussie tech scene
Successful start-up exits deliver rich returns to investors and create wealth for founders and some employees, and hopefully recycle talent back into the sector.
- Leigh Jasper
Buy now, pay later surges as Dorsey realises Cash App vision
Block’s BNPL volumes are rising as Afterpay is rolled into Cash App, which has 24 million active users in the US. The stock jumped more than 10pc on Friday.
- James Eyers
March
- Exclusive
- Funding
Former stockbroker, Afterpay alumni raise $16m for fintech start-up
Former Wilsons stockbroker and Australian national swimmer Luke Trickett has raised $16 million for his invoice payments start-up Marmalade.
- Tess Bennett
‘Lack of transparency’ to force credit licences on BNPL
Buy now, pay later players will have to hold a local credit licence to operate in Australia and take reasonable steps to ascertain a customer’s financial position.
- Lucas Baird
Buy now, pay later is pulling off the improbable – a comeback
Block and Zip valuations are rising as peak interest rates pass. Klarna is considering listing in the United States. Is the sector’s winter finally over?
- James Eyers
February
Four ASX stocks up at least 50pc in the past three months
These ASX-listed companies have ridden months-long relief rallies to near-record highs, and some analysts think they may still have further to run.
- Joshua Peach
Nick Molnar backs Block’s bid to reshape US banking
The billionaire Afterpay co-founder Nick Molnar tells AFR Weekend he’s been working with Jack Dorsey on Cash App, and they’re ready to tackle US banks.
- James Eyers
Ex-Bingo CEO sentenced | Playing the Nvidia-fuelled Al boom | Sydney’s $65m house sale
Read everything that’s happened in the news so far today.
Deep Yellow surge puts squeeze on Fidelity’s charity
Even when done altruistically, stock-picking isn’t for the faint-hearted.
- Myriam Robin
January
‘Pretty much donezo’: Afterpay’s global ambition feared in job cuts
The company’s US parent, Block, told staff on Wednesday it is beginning to enact plans to cut more than 1000 jobs globally.
- Nick Bonyhady
