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10 things you need to know this morning in Australia Hello folks.

'I was wrong': One of Afterpay's biggest critics has admitted his prediction the company would be outflanked missed the mark One of the fiercest critics of 'Big Tech', author and academic Scott Galloway, has admitted his bearish call on Afterpay was wrong and warned that America's internet giants are poised to consolidate power following the coronavirus pandemic.

Online sales skyrocketed 73% at Coles during the first quarter of the financial year, due in part to Victoria's lockdown Coles released its first quarter 2021 results, reporting a group sales revenue of $9.5 billion. The company also reported a rise in online supermarket sales, which lifted 73%.

Australia's defence forces have spent $50 million on sexual abuse claims in the past three years In three years, Australia's defence forces have spent a combined $50 million on settled, withdrawn and denied sexual abuse claims. A Defence spokesperson said the institution is taking steps to prevent sexual misconduct in the future, and to support victims to report it and seek help.

'It's really magical when you give kids opportunity to make their own decisions': Finance app Spriggy helps parents manage their kids' money in a cashless world Family finance app Spriggy has amassed more than 430,000 users as it enables Australian parents to teach their kids about money. The platform provides kids with prepaid cards, which parents retain total control over.

ETFs are an easy way to get started on the share market and diversify your investments quickly. Here's how they work. ETFs or exchange-traded funds are a useful tool to diversify your investments. ETFs are essentially a basket of different investments bundled together and traded on the stock market.

New South Wales is rolling out new rules intended to crack down on unruly Airbnb guests. Here's what's changing. New South Wales is rolling out new regulations for the short-term rental sector. Under the laws, guests can't make noise that affects neighbours and complaints can be made to Fair Trading.

One of the world's most popular YouTubers announced he's dating an Australian influencer. What happened next shows how relationships can be big business for content creators. Since YouTuber Ethan Dolan (of the Dolan Twins) announced he was dating Kristina Alice, the Australian influencer's Instagram following has skyrocketed.

Dow craters 943 points in worst day since June as virus spike spurs new lockdowns US stocks cratered on Wednesday after a continued spike in COVID-19 cases prompted a new round of lockdowns in Europe. A 40% surge in COVID-19-related deaths in Europe over the past week spurred Germany and France to announce new restrictions on movement within the countries. Bars, restaurants, and gyms in Germany and France will close while schools and nurseries remain open.

'We literally had to create a virtual program out of necessity within 48 hours': How this youth outreach program had to promptly shift to online support groups to continue helping young Australians Since 1985, Youth Insearch has helped over 30,000 young people to rebuild their lives and currently assists around 1,000 young people per year across NSW, VIC & QLD.

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