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Uber is 'a ponzi scheme' says Douglass

The New York Times last week reported on Uber's use of video-game techniques to keep drivers driving (and the company's ...

Magellan's Hamish Douglass says Uber is "99 per cent" certain to go broke in a decade as driverless cars destroy its business model.

Uber 'the stupidest business in history'

The rise of apartments in Sydney and Melbourne could make it harder for Amazon to get settled in Australia. At the very ...

Housing boom to hobble Amazon

41 mins ago

The residential boom in Australia's capital cities could be the biggest barrier to Amazon setting up in Australia.

Chief Executive Officer and Chief Investment Officer at Magellan Financial Group, Hamish Douglass.

Uber 'the stupidest business in history'

1 hr ago

Magellan's boss Hamish Douglass expects Uber to collapse in the next decade and labels the ride-sharing firm a "ponzi scheme".

Contains:
Video

March housing construction slumps

1 hr ago

Developers put the brakes on new residential projects in the first three months of the year, causing housing construction to fall at its fastest pace in more than 16 years.

Katrina Dawson and Tori Johnson died during the siege.

Ten minutes was 'too long'

Tori Johnson was executed in the 10 minutes that police waited after the gunman's first shot and before they stormed the Lindt cafe, an inquest into the siege has found.