WEEK STARTING MAY 20
I hope you're hungry, because there was a heap of news on food delivery this week. Bon Appétit:
Spaceship's CEO stepped down, so the company can focus on their next stage of growth. This news comes amidst the controversy around their Super product and APRA license issue. Correlation, causation...
The ASX surged following the Coalition's victory
NAB launched Apple Pay, leaving Westpac as the only bank to not offer the service. How do you like them Apples?
BlueSky, the fund that backed Australian startups, went into receivership
Canva raised $70m to build out an enterprise product. This boosted Canva's valuation to ~$2.5bn USD
Kogan got done for price jacking. Always Cheapest Lawsuits
How members of the startup community reacted to the Coalition victory
Amazon invested $575m into Deliveroo
Code in the Uber Eats app reveals an upcoming $9.99/month subscription to waive the flat $5 delivery fee (likely in the US first). Stat: Uber Eats turned over $1.5b in revenue in 2018
Have a read on ghost kitchens: shared-space restaurants that are low cost, and distribute their food via food delivery apps
Uber launched scUba, a submarine service in the Great Barrier Reef
A company called 'Future' released a $150/month exercise app where you can get coaches to nag you
Indonesia restricted WhatsApp, Facebook and Instagram following deadly riots
Academic Paper: Social media’s enduring effect on adolescent life satisfaction. Finding: technology doesn't actually make teenagers depressed. Contrary findings to the ever-present news on the negative effects of social media & passive consumption
COOL AUSSIE FINTECH OF THE WEEK
Incent Loyalty - an app to make your every day spending turn into digital cash rewards. The idea is that you connect up your cards to the app, and are rewarded in crypto for spending away. You are then rewarded in Incent - its own crypto - to do with what you wish. I assume that the more Incent in circulation = more spending with Incent = better rewards = more Incent in circulation (etc). Loyalty's always been a super interesting facet of the FinTech industry and aside from the big loyalty schemes (AMEX, Velocity, Qantas), it normally occurs within exists apps (HeyYou has loyalty stamps,. Check it out! Note: it's not live yet - still a waiting list.
Answers at the end of the email
(a) On the road sign "WRONG WAY GO BACK", which word is underlined?
(b) In 1893 the British established the Durand line, now the boundary between which 2 countries? Clue: they have been a lot in the news since 2001.
(c) Which ancient wonder of the world represents the Sun God, Helios?
(d) What common English word, when pronounced differently, becomes the name of a language?
(e) Which Hanseatic city, a port of 1.8 million, is the largest European Union city that's not a capital?