Page 6 - Mark Brayan News Today

Analysts believe Appen’s big weaknesses are also its strengths and there’s every chance the business could rebound.

Appen shares soared after the crowdsourcer announced plans to cut staff numbers as part of a restructure aimed at making it more customer-focused. 

Appen (ASX:APX) share price on watch with restructuring Tristan Harrison | May 19, 2021 9:51am | More on: The Appen Ltd (ASX: APX) share price is on watch this morning after providing a trading update and announcing a restructuring to the market. This restructuring is aimed at aligning to the company’s product-led and consumer-centric strategy, as well as changes to financial reporting to give greater visibility to the drivers and performance of the business. Appen says that the changes re...

Appen shares surge 10pc on restructure plans Share Appen shares have surged 10 per cent after announcing on Wednesday morning the company will restructure its operations, cut jobs and report in US dollars. The ASX-listed AI data collection, aggregation and cleaning company will establish four new units geared towards different customer segments; global, enterprise, China, and government, and a fresh leadership structure driven by increasing the visibility and accountability of profit and loss g...

ASX sinks; EML sheds 46pc, bitcoin dives 10pc Save Share Sarah Turner The Australian market sank to its worst session since late February, with the benchmark falling 1.9 per cent, or 134 points, to 6931.70. EML led the slide, dropping 46 per cent to $2.35 after the Central Bank of Ireland raised “significant regulatory concerns” about anti-money laundering compliance in EML’s Irish-based subsidiary, acquired in late 2019. Miners and energy companies were the worst performers by sector as...

Investors caught out as tech darlings plummet Investors in one-time tech darlings Adore Beauty, Nuix and Appen got ahead of themselves and have been caught out by changes in post-pandemic buying patterns.   May 6, 2021 – 4.43pm Save Share Investors in online-only retailer Adore Beauty looking for someone to blame for the stock’s plunge on Thursday and its 46 per cent fall from its IPO issue price just eight months ago should start with themselves. But no one ever forces an inves...

Reality sinks in on dim day for shares Save Share A bruising trading day for Adore Beauty, Nearmap, Appen and Afterpay has put the sharemarket’s assault on its record high back on hold for now, and led the Australian benchmark to a 0.5 per cent drop on Thursday. The S&P/ASX 200 Index closed 34 points lower to 7061.7 and the All Ords fell 0.5 per cent to 7306. Adore Beauty co-founder Kate Morris. The beauty retailer’s float crumbled further on Thursday.  Josh Robenstone In another s...

At the time of writing, the artificial intelligence (AI) data services company’s shares are down 21% to $11.67. This means the Appen share price has now lost over half of its value since the start of the year. Why is the Appen share price crashing 21% lower? Investors have been heading to the exits in their droves on Thursday after Appen released a presentation ahead of its appearance at the While there were many positives in the presentation, judging by the Appen share price performance, in...

Why so many Rich Women are media-shy Mar 11, 2021 – 12.00am Share At least seven of the business founders on 2021’s Financial Review Rich Women List have rarely or never appeared in the media, leaving it to their male partners to maintain a public profile. In a symptom of what RMIT economics professor Leonora Risse called “a society still coming to grips with embracing successful females”, there is even one self-made billionaire – 64-year-old TPG Telecom co-founder Vicky Teoh – who ...

4.43PM – Feb 24, 2021 Harmoney, MoneyMe lift personal loan originations in bank tech battle Loan originations are on the rise at two new, tech-driven personal lending brands, Harmoney and MoneyMe, which presented plans to beat the major banks at finding customers and assessing their risk but failed to convince the market. Harmoney and MoneyMe have both developed machine learning tools using broad data sets to assess customers; Harmoney said a new model using data from 53,000 Australian loa...