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10 things you need to know this morning in Australia

Monday 8 June 2020

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10 things you need to know this morning in Australia

Good morning all. Hope you had restful long weekends. Four day week!
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Facebook employees are revolting after it chose to not moderate a Trump post. Here's what's going on inside Facebook, and how its identity problem is tearing the company apart.

Facebook was embroiled in controversy again this week as employees revolted against its decision not to take action against a post from President Trump about the George Floyd protests.
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Lockdowns worked, new research shows: 60 million infections were prevented in the US, and Europe saved 3.1 million lives

New research from the University of California, Berkeley found that the US's coronavirus lockdowns prevented around 60 million infections from March 3 to April 6.
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Hundreds of Reddit moderators demand the platform change its policies to explicitly ban racism

Reddit moderators on Monday penned a letter calling on the platform to add a policy that explicitly bans racism and hate speech. The platform has a long history of providing a home to hateful rhetoric and hate-based communities after being founded 15 years ago as a place for free expression.
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Stunning photos and videos show the protests against police brutality from the sky

For two weeks, hundreds of thousands of Americans have gathered to protest police brutality and systemic racism after the death of George Floyd. Protesters have marched in the streets, taken over parks, congregated in cities, and gathered outside of police precincts and state buildings in order to demand change.
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Some protesters want to abolish the police, but what does that mean?

In the wake of George Floyd's death, many activists are calling for police forces to be defunded and the money put toward healthcare, housing, and social services.
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6 things that might never happen at weddings again in a post-coronavirus world

Insider spoke to wedding planners and an infectious disease specialist about how weddings will be different after the pandemic. Large weddings with hundreds of people will likely be replaced with smaller, more intimate events.
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S&P 500 erases 2020 losses as investors bet on a swift economic recovery from coronavirus

The S&P 500 erased its year-to-date losses late Monday as investors' rejuvenated risk-on attitude outweighed fears of lasting coronavirus fallout.
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Next-gen Xbox console launch still 'on track' for this holiday season despite supply chain hiccups, Microsoft CEO Satya Nadella says

In late 2019, Microsoft announced that its next-generation Xbox console would arrive in time for holiday season 2020. In the months since, Microsoft's supply chain and workforce have been affected by the coronavirus pandemic, which has moved its employees out of its offices and delayed some manufacturing.
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Neobank Volt has had its public launch and IPO scuttled by Australia's shutdown, but CEO Steve Weston says the future is 'far brighter' because of it

COVID-19 put Volt's plans for a public launch, $50 million capital raise and IPO all on ice this year. Founder and CEO Steve Weston says that, while he's frustrated to be delayed, there are positives – including getting through the pandemic without taking on any bad debt.

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