Two things the climate emergency calls for most are bold ambition and money. Last week,Mike Cannon-Brookes left little doubt that he has both. But can he pull off his most ambitious proposal yet?
Billionaires are not known for doing things by half. The temptation to go big or go home applies in Australia as much as anywhere else.
Tech billionaire Mike Cannon-Brookes has prevailed over mining tycoon Andrew “Twiggy” Forrest in a months-long contest to acquire the collapsed Sun Cable mega-project.
Mike Cannon-Brookes has emerged as the front-runner in a fight for ownership of the $35 billion Sun Cable mega-project against a rival bid from Andrew Forrest.
At least $100 million of capital was devoured by rapid-delivery grocery store start-ups,Milkrun’s creation becoming one of the venture capital industry’s most visible financial follies.
The company claimed in February its hubs were no longer losing money and that its cash reserves would last 12 months.
Billionaire Bunnies part-owner Mike Cannon-Brookes was blown away by the John Sattler celebrations,insisting the scenes at Accor Stadium showed why the club is in a league of its own.
The sale of the Sun Cable project has drawn strong interest after it was forced into administration due to a falling out between Andrew “Twiggy” Forrest and Mike Cannon-Brookes.
Less than six months ago,Atlassian was in a recruiting drive that included a promotional camper van. Now it has joined the conga line of tech firms cutting staff.
The Australian technology company is billing the move as a “rebalancing” but the redundancies are a sharp change from its emphasis on rapid hiring.
The company’s earnings disappointed Wall Street,pushing its stock down 13 per cent in after-hours trade and hitting the wealth of its billionaire founders Mike Cannon-Brookes and Scott Farquhar.