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uBiome convinced Silicon Valley that testing poop was worth $600 million....

When the three founders of the "microbial genomics" startup uBiome began collecting human poop, they kept it in an erstwhile storage closet, inside second-hand freezers from a discount lab supply website. It was a far cry from a state-of-the-art facility. But the setup matched uBiome's image at the time as a crowd-funded citizen science initiative…

Venezuela exodus surpasses 4 million: UN

The United Nations said on Friday that the number of Venezuelans who have left their country in recent years has surpassed four million. The UN refugee agency said the number of Venezuelan refugees and migrants rose by one million after November, indicating a rapid escalation in the months since dozens of nations recognised opposition leader…

This tech CEO cancelled a lucrative IPO hours after his house...

Picture the scene: You're a CEO, set to make arguably the biggest decision of your professional life - whether or not to take your company public. You're incredibly conflicted, but feel some degree of obligation to the banks who have wined and dined you relentlessly in an attempt to secure the IPO. You're sitting in…

Geoffrey Rush awarded almost $2.9 million after defamation win

Updated May 23, 2019 17:17:29 Geoffrey Rush will be awarded nearly $2.9 million after winning his defamation case against The Daily Telegraph newspaper, a court has heard.The Oscar-winner was last month awarded $850,000 in general and aggravated damages after winning the case against the Daily Telegraph's publisher Nationwide News, over stories alleging he behaved inappropriately…

Amazon has invested in UK food delivery startup Deliveroo in a...

Amazon has led a $575 million funding round in British food delivery startup Deliveroo.The news follows rumours that both Amazon and Uber were considering an acquisition of Deliveroo, a major rival to Uber Eats outside the US.The food delivery startup has raised $1.53 billion to date, making it one of the best-funded startups in Europe.Deliveroo…

Girls sexually abused on sleepovers by father who kept stash of...

Posted May 17, 2019 17:48:13 A Perth father has admitted sexually abusing young girls while they were on sleepovers at his northern suburbs home, where police also found up 2 million images and videos of child pornography. Key points:The man abused two relatives and two of his daughter's friends as they sleptHe took photos and…

Warren Buffett recently invested in Amazon. It made him nearly $250...

Kevin Lamarque/Reuters Warren Buffett revealed Berkshire Hathaway has taken a stake in Amazon in a CNBC interview on Thursday.Buffett called himself "an idiot for not buying" Amazon shares before.However, the Sage of Omaha purchased 310 million euros worth of Amazon bonds in 2001 and 2002, which generated a profit of $246 million — a return…

Jeff Bezos reportedly had bulletproof panels installed in his office as...

Jeff Bezos ratcheted up his security earlier this year by installing bulletproof panels in his Amazon office in Seattle, the Daily Beast reports. Citing local planning permits, the Daily Beast said the fibreglass panelling is strong enough to withstand repeated shots from a military assault rifle and cost $180,000 to install. Bezos isn't the only…

Median Sydney house price on track to fall below $1 million,...

Posted April 30, 2019 11:00:43 Sydney's median house price is on track to dip below $1 million for the first time in four years, according to analysis by one of Australia's leading real estate websites. Key points:The median house price in Sydney has not been less than $1 million since March 2015Property prices in the…

Tesla is taking direct aim at Uber and Lyft with plans...

On Monday, Tesla CEO Elon Musk revealed the company's plans to compete with Uber and Lyft by using an autonomous ride-hailing fleet, which will be made up of what Musk described as robo-taxis. These robo-taxis will operate on the Tesla Network, which is basically a ride-hailing platform. Robo-taxis can be essentially any Tesla vehicle with…
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