Netflix shares fall, revenue appears to stall as it presses bid to buy Warner Bros Discovery
The revision is expected to enable a shareholder vote on the deal, backed by WBD’s board, by April…
Best of Inside Economics: Voodoo economics – do lower taxes generate more revenue?
There’s a lot of talk lately about using tax cuts to entice foreign investors here. Can dropping the…
Better Artificial Intelligence Stock: BigBear.ai vs. C3.ai
BigBear.ai has struggled to expand its niche business. C3.ai is relying heavily on lower-margin businesses to drive its…
OpenAI introducing ads to ChatGPT
Since ChatGPT’s launch in 2022, OpenAI’s valuation has soared to $500 billion in funding rounds – higher than…
Hot summer lifts Splash Planet revenue by $150k despite fewer open days
“We are seeing good numbers through the doors without getting to capacity, which is better for customer experience,”…
Hansells Masterton receivership: Brand still owes $6.89m after sale to Hart family company
The bulk of the reduction has been payments made to secured and preferential creditors. ANZ Bank has had…
Trade Me marketplace hit with $138m write-down as revenue slides further
Trade Me is owned by Apax Partners. The Guernsey-based private equity firm bought the company in 2019 for…
7000 pensioners overcharged in another Inland Revenue error
He said he was not able to control this when he completed his return and did not realise…
Inland Revenue proposes changing tax treatment of loans companies issue to shareholders
Companies involved in property would likely be most affected. The change would only apply to companies owned by…
IRD Covid loan defaults hit $447m as 20,000 small firms fall behind
In addition, tens of billions of dollars’ worth of extraordinary government grants and loans, including the cashflow lending…
Microsoft NZ data centre unit swings to $33.6m profit as revenue jumps 61%
It also reported an income tax benefit of $16.6m versus its year-ago income tax expense of $28.2m. Notes…
Microsoft New Zealand sees strong revenue growth – turnover now double its 2021 level
Net profit rose 13% from $47.4m to $53.4m. Income tax expense was $17.9m from the year-ago $15.4m. The…