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Alec Hogg: Cheating rampant in exams, “work”-from-home
It’s not just stay-at-home kids gaming the system. Many adults are resisting the office because they've gotten used to goofing off at home, says Alec Hogg.
Tesla founder Elon Musk is rapidly losing his "most admired" status among the crypto crowd. After admitting on last week's Saturday Night Live TV show the $100bn curiosity Dogecoin is "a hustle", Musk has now reversed a business decision that gave Bitcoin a major boost. Tesla has also admitted to profiting from the mania by selling some of the Bitcoin where it parked $1.5bn in excess cash. That trade boosted Tesla's most recent quarterly profit. You'll find the full story from our partners at the Wall Street Journal at the bottom of this mail.
- After a strong recent run, Xero shares took a 12% hit this morning after the release of the New Zealand-based accounting software company's results for the year to end March. Xero is held in the BizNews Share portfolio, and is among my favourite exponential companies. As a shareholder, I was happy with the progress the company reported with the exponential growth continuing, profits surging and balance sheet strong . Analysts, however, expected more. Click here for this morning's piece in the Sydney Morning Herald.
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