Microsoft Teams surpasses 20 million daily active users; rival Slack shares slip
Microsoft Teams surpasses 20 million daily active users; rival Slack shares slipThe software maker offers the app as a free add-on platform to its Office365 users. Through Teams, users can start a chat, share files, make calls and hold web conferences.
Afterpay Touch Group Ltd (ASX: APT) pioneered the ‘ buy now, pay later’ industry. However, as the sector comes under renewed regulatory scrutiny and emerging Concurrent with the placement, three Afterpay founders/executives offloaded a collective 4.5 million shares or 3.5 million.
How to buy shares in Afterpay . Choose a share trading platform. If you ’re a beginner, our table below can help you choose. We try to take an open and transparent approach and provide a broad based comparison service. However, you should be aware that while we are an independently owned
Video provided by A Current Affair
The Afterpay Touch Group Ltd (ASX: APT) share price was a strong performer on Monday.
The payments company’s shares started the week with an impressive seven percent gain to $32.64.
This latest gain means that Afterpay’s shares are now up a remarkable 172 percent since the start of the year.
Why did the Afterpay share price surge higher on Monday?
Investors were scrambling to buy shares on Monday after it released the findings and recommendations of its Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) final audit.
Tech: Buddy Technologies signs 10-year deal for its smart lighting platform, shares bounce off recent lows
Internet of Things (IoT) company Buddy Technologies (ASX:BUD) has found a Chinese buyer for its LIFX smart-lighting platform. The company Read More The post Tech: Buddy Technologies signs 10-year deal for its smart lighting platform, shares bounce off recent lows appeared first on Stockhead.
Shares in buy -now, pay-later firm Afterpay Touch plunged as much as 15 per cent in late trading on Friday following a press release from payments giant Visa that revealed the incumbent player would begin testing its own payment instalments technology. The harrowing plunge began just 45 minutes
(Reuters) - Australian buy -now-pay-later company Afterpay Touch Group Ltd (AX:APT) on Monday said an external auditor had found it was a "low-risk business" in terms of money laundering and Buy -now-pay-later companies let shoppers purchase products without paying upfront, and without the
Although the auditor found historical breaches of the AML/CTF act, this was due to the company being given the wrong legal advice in the past. These issues have now been addressed.
Furthermore, none of the six recommendations that the auditor reported appear onerous or disruptive. In fact, one of the recommendations was encouraging Afterpay to engage AUSTRAC regarding its buy-now pay-later service being formally designated as low ML/TF risk in the AML/CTF Rules.
All in all, this appears to have been a very good result for Afterpay.
Goldman Sachs retains its buy rating.
This view was echoed by analysts at Goldman Sachs. According to a note out of the investment bank, it doesn’t believe that AUSTRAC will come after Afterpay like it has with Westpac Banking Corp (ASX: WBC) this month.
Tech Shares Power U.S. Stocks Higher
U.S. stocks rose to records at the start of a holiday-shortened week, buoyed by a rally in shares of technology companies. Stocks around the world got a boost after Chinese officials called for speeding up the introduction of penalties and punitive action for infringement of patents and copyrights in a document released Sunday.The U.S. has indicated it wants clearer assurances that China will follow through on the commitments it has made on the issue, and on others such as agricultural purchases, before negotiators will travel to Beijing for a new round of talks.
Should ASIC allow him to be involved in lobbying discussions at a time when there is uncertainty over the regulation of buy now How long has Saadat been in discussions with Afterpay ? How did Saadat manage possible conflicts of interest in Afterpay shares have risen 114 per cent this year to .62.
Final Verdict: Should You Give Afterpay a Try? After reading our Afterpay review, you should have an idea of whether it's suited to your spending habits and style. If you 're responsible when it comes to tracking what you spend online and you 're looking for what's essentially a short-term, no interest loan
Goldman said: “The full report and findings of the audit report are now due to be reviewed by AUSTRAC to determine if any further action/penalties may be applicable. However, based on the summary released by the auditor, we would not anticipate there to be material remedial action necessary from AUSTRAC.”
In light of this, the broker has reaffirmed its conviction buy rating and lofty $42.90 price target on the company’s shares. This price target implies potential upside of over 31 percent its shares over the next 12 months.
I think the broker is spot on and would also class its shares as a buy. Though, it is worth noting that it is a high risk option and could be unsuitable for more cautious investors.
Pictures: From masterpieces to the moon, amazing things you can buy shares in
Buy now, pay later finds fans in customers and businesses but some investors see risks .
People are buying now and paying later for everything from dental work to clothing. In a suburb of Sydney's Northern Beaches, many young families are starting their lives and juggling the expenses that go with it.