- ASX200 is trading 0.8% lower at 7018.8 at 2:30pm AEST.
- Airtasker aims to raise $20.7m to acquire US-based Zaarly.
- Kogan.com is trading lower today after revealing inventory issues.
The tech sector is trading in the green today as EML Payments surges 21.48%, while Nuix is up 3.82% and Xero is trading 3.82% higher.
The Australian market is trading 0.8% lower at 7018.8 at 2:30pm AEST as the Energy sector weighs down the key index.
Bitcoin has rebounded slightly from this morning?s dip below US$34,000 to trade at US$38,251.47 at 1:30pm AEST. Ethereum has also been caught up in the crypto-fall as the world?s second largest cryptocurrency trades 21.55% lower in the last 24-hours at US$2470.90 this afternoon.
Australian-based online freelance jobs marketplace Airtasker has announced a round of capital raising to fund an acquisition in the US. Airtasker is seeking to raise $20.7 million via stockbroker Morgans to acquire San Francisco-based Zaarly, a jobs posting business focused on house-tasks like painting and cleaning. Zaarly boasts 597,000 users and has 900+ service providers.
Making headlines, Australian-based online retailer Kogan.com is taking a hit today after releasing a trading update revealing inventory issues, promotional activities and cost inflation are an impact on the company's performance.
And a new app called Scan Band makes lunchtime more musical using AR to turn normal objects like a plate into a virtual instrument. Scan Band has also partnered with Snapchat allowing users to include the new tool in snaps.