Inflation hits 3 year low | Dropbox cuts 20% of jobs | Reddit shares earns more karma
Australia’s quarterly inflation is below 3% for the first time since 2021 but the Reserve Bank is still unlikely to make a rate cut next week.
Dropbox has announced it will lay off 20% of its workforce after it struggles through a “transitional period”.
Reddit’s share price has skyrocketed over 40% following its first-ever profitable quarter.
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