Welcome to a new week:
1. Amazon is getting ready to go. The webpage title for Amazon.com.au used to say it just sold books and Kindle products, but sometime in the last few days, it changed to “Amazon.com.au: Shop online for Electronics, Apparel, Toys, Books, DVDs & more”, which is very close to the US site’s tagline. Everyone hold your breath.
2. The competition watchdog will start a probe into Facebook and Google. Treasurer Scott Morrison and the Communications Minister Mitch Fifield have directed the ACCC to investigate the impact digital companies are having on the media and advertising sectors. The move came in response to independent senator Nick Xenophon’s complaints that those web giants are taking all the revenue while journalism is starved of funds. Read more here.
3. Australian startup darling GetSwift had its shares suspended on Friday after it spiked up 83%. The company, led by former AFL player Joel Macdonald, made an announcement about a new deal with Amazon, without providing any details. The share price then immediately skyrocketed, reports the AFR, which forced it to suspend trading on the ASX. The stocks resumed trading this morning and are up again, by more than 15%.
4. The data of 1.2 million Australian Uber users were exposed. Following last month’s revelation of a massive global privacy breach, iTnews reports the rideshare company’s Australian arm confirmed over the weekend that 1.2 million people were affected locally.
5. Vodafone has joined the NBN fray. While rivals Telstra and Optus has been selling NBN for many years, Vodafone only today launched new plans, which include a backup 4G mobile internet connection in case the broadband fails. Read more.