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Online retailer Kogan raises $100 million in an institutional placement
Australian online retailer Kogan successfully raised capital of $100 million via an institutional placement. The company announced yesterday that it will be raising capital to expand its services. It sold its shares for a 7.5% discounted price of $11.45 per share. The Australian e-tailer will...
Australia & India sign pact on critical technology & cyber resilience; both will invest $12.7 million
On 4th June, Australia and India signed a pact in which both countries agreed on spending $12.7 million on cyber resilience and critical technology. The pact was signed during the Australia-India Leaders’ Virtual Summit where both the countries joined hands to promote digital trade, harness...
Google faces a $5 billion lawsuit for tracking data via “Incognito Mode”
On 2nd June, internet search company Google was served with a $5 billion lawsuit in the United States for collecting user information through its “private” mode. It has been served with a proposed class-action suit that accused Google of illegally using data of millions of...
MVNO Amaysim acquires OVO Mobile for $15.8 million
Australian Mobile Virtual Network Operator (MVNO) Amaysim has acquired its competitor OVO Mobile for $15.8 million. As a part of the acquisition, Amaysim also bought Aussie telecom provider OVO Mobile’s customer base of 77,000. This addition pushes Amaysim’s subscriber base to 1.17 million in Australia. ...
Aussie Broadband signs up about 2,300 users for its gigabit NBN plan
As on 2nd June, Aussie Broadband has signed up close to 2,300 customers for its new gigabit NBN plan. Last week on Friday, Aussie Broadband launched NBN Co’s up to 1000/50 MBPS residential service at the price of $149 per month. The Australian telecommunications company...
Uber tests its car rental service ‘Uber Rent’ in Australia
On June 2nd, Uber announced that it will be trialling its world-first car rental service in Australia. The service is called Uber Rent and has been launched in association with a car rental company CarTrawler. Using Uber Rent will allow its users to hire a...
SpaceX successfully launches Crew Dragon with NASA Astronauts into orbit
In a historic event, NASA Astronauts Robert Behnken & Douglas Hurley were launched into orbit in a spacecraft made by Elon Musk’s company SpaceX on Saturday, May 30th. NASA’s SpaceX Demo-2 is an end-to-end test flight mission that will validate the SpaceX crew transportation system....
Paid Zoom video call users to get strong encryption
Zoom video conferencing platform to add strong encryption for calls for its paid customers. The move was discussed on a call with the civil liberties groups and child-sex abuse fighters on Thursday, 28th May 2020. Alex Stamos, Zoom security consultant, confirmed the news on Friday,...
Mobile tower in Australia vandalized, a possible 5G conspiracy?
A telecommunications tower in Melbourne, Australia caught fire and the police think this could be related to the 5G conspiracy. There is a popular (and false) belief that the spread of COVID-19 has something to do with the fifth-generation wireless telecommunication towers. This 5g conspiracy...
YouTube introduces ‘Video Chapters’ to make navigation easier
Youtube rolls out its new feature called ‘Video Chapters’ that will help viewers navigate better through long-form videos. The new feature will use timestamps that creators can apply to their YouTube videos. Video Chapters will allow viewers to conveniently jump to parts of the video...
