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10 things you need to know this morning in Australia

Monday 11 March 2019

Business Outsider

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The startup that secretly runs the internet just got acquired by one of its biggest rivals for $670 million

Nginx, one of the most important software companies you've never heard of, is getting bought by its rival, the $US9.6 billion F5 Networks, in a deal valued at about $US670 million.
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The Australian dollar gets a lift as investor risk appetite improves

Ahead of another vote on UK PM's Brexit deal later today, the British pound surged.
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Iron ore prices tumble again on concerns for Chinese demand

Chinese iron ore futures, along with bulk commodity contracts, were also under pressure. Some put the weakness down to concern about the outlook for Chinese steel mill demand.
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Instagram co-founder Kevin Systrom says Instagram losing autonomy under Facebook is actually a testament to its success

Instagram co-founders Kevin Systrom and Mike Krieger reportedly left the company last fall because they were upset about the loss of the site's autonomy within parent company Facebook.
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Drug kingpin Pablo Escobar's Miami property is on the market for $15.9 million — take a look around

One of Pablo Escobar's properties is up for sale in Miami Beach, Florida. The late drug lord's mansion was demolished in 2016, and now the empty 30,000 sq. ft. lot is on the market for $US15.9 million.
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Apple just sent invites to a March 25 event, where it's expected to unveil its video-streaming service

Apple is holding an event on March 25 at the Steve Jobs Theatre on its Apple Park campus in California.
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South Korean K-Pop company dives 14% amid alleged prostitution scandal

YG Entertainment fell 14% following news that a member of one of its K-Pop groups, Big Bang, was charged in an alleged prostitution scandal. The boy-band member, Seungri, denied all charges and announced his retirement from show business.
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Here's everything we know about 'Harry Potter: Wizards Unite,' the new game from the creators of 'Pokémon Go' coming later this year

"Harry Potter: Wizards Unite" is a new smartphone game from the makers of "Pokémon Go." Drawing inspiration from author J.K. Rowling's Wizarding World, players will be able to search for magic in the world around them.

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