This Month
Atlassian founders $3.8b poorer as market punishes revenue miss
Slowing revenue growth has dampened Scott Farquhar’s final showing as co-CEO of Atlassian.
- Tess Bennett
- Opinion
- Chanticleer
AI hype just collided with recession fears
Investors were already worried about how artificial intelligence investment will turn into profits. That’s being compounded by fears of a broader economic slowdown.
- James Thomson
July
Inside Atlassian’s new workplace – just don’t call it an office
The company’s new Melbourne site has been designed as a so-called connection hub. It only has 12 desks, with an emphasis on social spaces instead.
- Euan Black
- Exclusive
- Funding
Ex-Atlassian insiders pull in millions for AI development start-up
Redactive has raised $11.5 million from local and US-based investors after convincing financial services clients to use it to help software engineers develop AI tools.
- Paul Smith
We’re not coming for your job, AI companies say
A report funded by the AI industry says artificial intelligence will create 200,000 jobs in Australia by 2030.
- John Davidson
June
Money from Mike Cannon-Brookes has so much energy
Through Boundless, the software billionaire’s donations find their way into interesting places.
- Mark Di Stefano
Scott Farquhar makes bid for Royal Sydney Golf Club membership
Money alone doesn’t buy you access to Sydney’s elite. Knowing a stack of Royal Sydney Golf Club members does.
- Myriam Robin
- Analysis
- Rich List
Why Cannon-Brookes, Farquhar are down $15b in just two months
Concerns about Atlassian’s cloud growth rate have triggered a share sell-off, which has wiped a combined $15.4 billion off the valuations of its co-founders.
- Yolanda Redrup
‘Productivity theatre’: The false promise of a clear inbox and other ‘busy work’
Workers are undermining their output by focusing on “short-term wins” such as responding to emails and ticking off menial tasks on their to-do list instead of prioritising high-value work.
- Euan Black
- Exclusive
- Funding
Under-the-radar Melbourne software firm worth $90m after VCs pounce
Atticus has built a roster of clients including BHP, CBA and numerous top law firms for its software that verifies documents are truthful.
- Paul Smith
- Exclusive
- Venture capital
VC firms lured to Qld by government funding
Early Tritium investors who sold out of the Brisbane-based company close to the peak of its valuation are among four VC firms to receive government backing.
- Tess Bennett
May
How to invest like a Rich Lister and beat the market
There are 37 listed stocks linked to Rich List members, and their ability to deliver above-market returns is impressive.
- Updated
- James Thomson
April
- Opinion
- Chanticleer
Scott Farquhar departs with Atlassian at a crucial point
Atlassian’s unique two-CEO model is ending at a fascinating time for the company, as its shares lag the broader tech sector.
- Updated
- James Thomson
Scott Farquhar to step down as Atlassian co-CEO
After more than two decades at the helm, the co-founder of the Nasdaq-listed software giant departs, leaving Mike Cannon-Brookes as sole charge.
- Updated
- Tess Bennett, John Davidson and Yolanda Redrup
- Analysis
- The Breakdown
‘AI honeymoon is over’, Canva co-founder declares
Just two years after the last technology bubble burst, investors shouldn’t mistake AI tools that look like magic for a business model that is.
- Nick Bonyhady
Green premiums are real, says aluminium boss
Electric vehicle makers are refusing to pay a green premium for low-carbon nickel but Capral says customers are paying an extra 5 per cent for clean aluminium.
- Peter Ker and Lap Phan
Atlassian’s low-carbon skyscraper is ‘out of the ground’
The work-from-home revolution has failed to kill the $1.5b Atlassian Central project near Sydney Central Station, with a key construction milestone now passed.
- Updated
- Peter Ker and Lap Phan
March
- Exclusive
- Start-ups
Joe and Vinay got a $1.5b Atlassian exit. They have lessons for founders
When Loom’s CEO first met Atlassian’s Scott Farquhar he wasn’t interested in selling, but four years later Atlassian bought his company at a $790m discount to it’s 2021 valuation.
- Nick Bonyhady
February
IPO hopeful Rokt has largest gender pay gap of tech unicorns
Male-dominated software engineering and sales teams have worsened the pay divide across the local technology sector.
- Tess Bennett
Atlassian paid $284m tax before ATO deal
Over the past six years Atlassian’s Australian entity paid $283.8 million of tax locally before reaching an agreement to pay more tax.
- Tess Bennett
