Flintfox acquired by US unicorn

Plus: Blair Turnbull reflects on remarkable turnaround at Tower, job availability perception ticks up, and Musk sued by SEC.

Happy Thursday!

First week back at work nearly done for many of us and for those of you still on holiday, enjoy the last couple of sleep ins before reality hits next week. Plenty of news to crack into today both at home and abroad, starting with some exciting acquisition news broken by NBR. Then we’ll check in on global markets and events where I will do my best to mention the world’s richest man as little as possible.

• Kiwi software company Flintfox acquired by US unicorn

• Tower CEO Blair Turnbull reflects on career as he departs

• Job availability perceptions improve for first time in two years

• Kennards Hire optimistic on post-recession outlook as inquiries grow

• Central banks to tread carefully under global economic uncertainty

• Meta to lay off 5% of its lowest performing workforce

• Musk Sued by SEC over late disclosure of Twitter stake

• Colossal Biosciences raises $200M at $10.2B valuation

• TikTok users’ attempted migration to Chinese app RedNote isn’t going too well

As always, thank you to everyone who has upgraded to a paid subscription or simply recommended Caffeine to friends and whānau. We couldn’t do any of this without you.

Finn and the CAFFEINE team

---

---