Happy fake Friday! To kick off the Easter long weekend, here’s what you need to know.
1. Australian tech investor Yonder and Beyond buys into PlayMeet. The Perth-based technology accelerator bought a stake in the US-based social media music application PlayMeet, which is associated with the estate of Michael Jackson. The $1 million deal for 10% of the app is the latest in a series of digital acquisitions for Yonder. Read more about that here.
2. Australian co-working space Fishburners is looking fresh. Sydney-based startup space has renovated its garage so more tech companies and entrepreneurs will be lured out of the corporate world to work on their own projects, and it looks pretty cool. See photos here.
3. A ‘Google tax’ would breach Australia’s international tax treaties, according to the Parliamentary Budget Office. The PBO says that the “legal validity” of such a tax could be challenged under either Australian or international law, and could have financial implications for Australia. Read more here.
4. Data downloads on mobile increased tenfold in Australia in 2014. Data downloading on mobile increased from 27,627 to 52,745 between 2013 and last year – that’s ten times the data accessed by mobile since 2011. This rapidly accelerating trend has largely been influenced by children adopting the technology, as well as the growing prevalence of watching video on mobile. The Oz has more.
5. Xero CEO Rod Drury claims MYOB’s prospectus doesn’t give investors the whole picture. He says the prospectus doesn’t provide investors with a complete picture of its customer base in New Zealand, and wants MYOB to use his company as a comparable competitor comparison. Bain Capital the private equity owner of MYOB has hit back, saying its prospectus was rigorously verified before it released and that Drury’s claims are “outrageous” accusations. See more here (log ir required).
BONUS ITEM: Apple wants you to be able to unlock your iPhone with a selfie. iPhone passcodes and fingerprint scans may soon be obsolete after Apple has been granted a patent that would allow the “locking and unlocking a mobile device using facial recognition.” What’s next!?