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10 things you need to know this morning in Australia

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businessinsider.com.au

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edm@businessinsider.com.au

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Tue, Feb 11, 2020 10:37 PM

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G'day team. Happy hump day. A 'natural balance point' may have been in the local transport market, a

[View this email via your browser]( [Business Insider Australia]( [Twitter]( [Facebook]( [LinkedIn]( [Enable Images to View]( [Enable Images to View]( [10 things you need to know this morning in Austalia]( G'day team. Happy hump day. [Enable Images to View]( [The growth of rideshare services like Uber and Ola has slumped in NSW, with some punters believing they have little advantage over taxis]( A 'natural balance point' may have been in the local transport market, as rideshare growth slumps to its lowest on record. Rideshare comapanies like Uber, Ola, and DiDi only grew by 3% in New South Wales last year, according to the Independent Pricing and Regulatory Tribunal, compared to 12% the year prior. [Enable Images to View]( [Homebuyers are stampeding back into the Australian property market, leading to what could be 'the fastest market recovery on record']( If national prices continue on their current trajectory, 2020 will see the fastest market recovery in Australian history, according to property research group CoreLogic. [Enable Images to View]( [Google Maps turns 15 this month, and it started in Australia. Here are 5 tech innovations with Aussie roots.]( In 2003, Danish-born brothers Jens and Lars Rasmussen cofounded a mapping company called Where 2 Technologies, which was later purchased by Google. The company went to Google with an idea for a scrollable and zoomable mapping system, which evolved into Google Maps. [Enable Images to View]( [Swedish buy now, pay later company Klarna has announced Appliances Online as its first Australian retail partner]( Swedish fintech firm Klarna has revealed Appliances Online will be its first retail partner in Australia. Klarna, which offers a buy now, pay later (BNPL) functionality through its app similar to local challengers like Afterpay, launched last month backed by the Commonwealth Bank. [Enable Images to View]( [Enable Images to View]( [Airbnb lost $322 million in the first nine months of 2019 according to a report, and it could mean a bumpier path to going public]( Airbnb was unprofitable during the first nine months of 2019, according to a report Tuesday from the Wall Street Journal. The report said Airbnb lost $US322 million, compared to a $US200 million profit during the same period a year prior, and that costs climbed faster than revenue in its third quarter. [Enable Images to View]( [Slack skyrockets 21% after making IBM its biggest account yet]( On Monday, Business Insider's Paayal Zaveri exclusively reported that IBM would roll out Slack to all 350,000 of its employees around the world. Slack surged as much as 21% Monday. [Enable Images to View]( [5 things to watch for in tonight's New Hampshire primary]( After running the table in New Hampshire in 2016, Sen. Bernie Sanders will look to hold onto as many supporters as possible amid a split vote. Independents and other non-Democrats can vote in the New Hampshire primary, though registered Democrats will carry the bulk of votes. [Enable Images to View]( [Samsung just unveiled a slew of new phones — and the most expensive model starts at a whopping $1,400]( Samsung just unveiled its latest line of flagship smartphones: the Galaxy S20, S20 Plus, and S20 Ultra. It's the most expensive flagship line Samsung's ever released - the base model Galaxy S20 starts at $US1,000. [Enable Images to View]( [6 charts that show how Netflix's movie and TV catalogue has changed dramatically over the last decade]( Netflix's movie and TV library has shrunk in total titles over the last 10 years in the US, according to data from streaming search engine Reelgood provided to Business Insider. [Enable Images to View]( Business Insider Australia © 2020 [Pedestrian Group]( [Unsubscribe]( • [Email to a Friend]( • [Privacy Policy](

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