Australian tech firm Metigy collapses, goes into liquidation over $32m

A struggling Australian tech company owing $32 million has been liquidated after it failed to survive the disaster. Metigy, which offered an artificial intelligence platform to small businesses for marketing purposes, was put under management late last month, leaving staff and investors in shock. But on Friday, creditors voted to liquidate the company, with a … Read more

Melbourne company Blinds City collapses over $1.9M, 75 affected customers

A Melbourne company has collapsed with $1.95 million in debt to 140 creditors, with the company president “overwhelmed” by his bankruptcy, the liquidator said. The company, Blinds City, has described itself as Australia’s leading online retailer for custom and ready-made do-it-yourself blinds, shutters and other window coverings. But the demise affects 75 customers, who collectively … Read more

Melbourne esports company Order collapses amid cash flow problems, $200,000 debt

A Melbourne-based company that raised $5.3 million in financing last year has collapsed. The company, which featured one of Australia’s largest esports teams – an industry where players compete against each other in video games – went into voluntary board on Monday. The company, called Order, currently has about $200,000 in outstanding debt to creditors, … Read more

Melbourne esports company Order collapses amid cash flow problems, $200,000 debt

A Melbourne-based company that raised $5.3 million in financing last year has collapsed. The company, which featured one of Australia’s largest esports teams — an industry where players compete against each other in video games — went into voluntary board on Monday. The company, called Order, currently has about $200,000 in outstanding debt to creditors, … Read more

Future of Australian technology company Appen uncertain as shares fall by 27 percent

Shares of an Australian tech company plunged after earnings fell 69 percent lower than expected. On Tuesday, Sydney-based artificial intelligence firm Appen released its results for the first half of 2022, but that hurt its share price. The company, which provides key data to tech giants around the world, including Facebook, Google and Amazon, has … Read more

Sydney, Melbourne CBDs Suffer as Workers Prefer WFH, Resist Return to Office

Sydney and Melbourne may have been cursed to forever remain a shadow of their former selves due to the stubborn mindset of the working population. Sydney and Melbourne could be cursed to forever remain a shadow of their former selves as employees refuse to return to the office. Google’s latest mobility data released over the … Read more

Sydney, Melbourne CBDs Suffer as Workers Resist Return to Office

Sydney and Melbourne may have been cursed to forever remain a shadow of their former selves due to the stubborn mindset of the working population. Sydney and Melbourne could be cursed to forever remain a shadow of their former selves as employees refuse to return to the office. Google’s latest mobility data released over the … Read more