1. Qantas and Tesla had a race between a Boeing 737 and Tesla Model S. Watch the video below to see who wins, and read about their new partnership here.
2. Telstra customers weren’t too happy about their free data day. It was meant to be a day to apologise for the most recent network outage, but users suffered heavy congestion yesterday. The biggest losers were subscribers who stream the usually unmetered NRL or AFL games and couldn’t due to the congestion. Telstra said over 2,686 terabytes of data was downloaded over the day, 46% more than their record breaking day last month.
3. Quickflix has shut down its Sydney and Auckland offices and their CEO has taken a pay cut. As it fights to revive the business, 15% off staff are going to be cut, while CEO and founder Stephen Langsford has cut his salary from $280,000 to $200,000 a year. But his salary has been limited to $150,000 a year until the company raises a minimum of $2 million in capital. Quickflix is in a trading halt. Its shares last traded at $0.001.
4. There’s another leaked NBN document. The AFR has obtained some internal planning documents that show significant amounts of the fibre to the node network, the backbone to the Coalition’s multi-technology mix NBN, have fallen behind schedule. Some areas have been delayed by as much as 87 days, despite communications minister Mitch Fifield claiming otherwise.
5. Cabcharge’s CEO doesn’t like being told the taxi industry was caught napping. Speaking to The Australian, Cabcharge’s CEO Andrew Skelton doesn’t think the industry is in danger from the likes of Uber. “Cabcharge is not in rapid decline,” he says. “We are only halfway through our transformation and when it’s complete you will see us returning to a growth stock.”
He then talks about ihail, the taxi industry’s new booking app, recently given the nod by the ACCC after protracted negotiations, which he describes as “potentially the beginning of the turning tide” in the industry’s play against Uber.