WEEK STARTING OCTOBER 14
AUSTRALIAN FINTECH & STARTUPS
Neobank 'Up' partnered with TransferWise, in order to provide customers with a currency transfer / travel card capability
Canva hit a whopping $4.7bn valuation after raising its 7th round of capital. If you haven't used Canva, do yourself a favour and give it a go. The product is fantastic
Square released a platform custom-built for Australian restaurants. Trying to eat up more market share...
SoftBank is planning to bail out WeWork with $5bn rescue financing. The saga continues...
Long read: Defiant Zuckerberg Says Facebook Won't Police Political Free Speech. Leading up the 2020 election, Facebook's been copping heat for allowing political ads that contain false claims / promises. Should a private corporation really decide what political speech is allowed? Where does one draw the line between censoring disinformation and censoring information? Complex issue, and I personally think that Facebook has a role to play (especially content moderation), but shouldn't be deemed wholly responsible. In the same way Apple doesn't allow Government agencies with a way to unlock iPhones (third party influencing core product capability), Facebook shouldn't allow Government agencies to block free speech (third party influencing core product capability). The role Big Tech plays in influencing political & social spheres is far-reaching and an insanely interesting topic of conversation. As always, feedback welcomed in reply
A number of big-name businesses are leaving Facebook's Libra. Here's a good analysis on why each member's mutiny hurts Facebook
Fascinating read: The logistics behind Qantas' non-stop 20 hour flight. Technological capability v.s. passenger boredom
We are 79% through the year
Twitterati: Thread by CB Insights on techniques to make a newsletter effective
Answers at the end of the email
(a) Which of the following was an Olympic sport between 1900 - 1920 (a) Tug of war (b) Fishing (c) Horseshoe toss
(b) The soundtrack of which 2018 film has "Material Girl" & "Money (That's What I Want)" in Chinese & English?
(c) By the time it was disbanded in 1858, this company controlled an area the size of Europe & home to 200 million people