THE NEWS WRAP: Twitter facing gender discrimination lawsuit from former employee

A former software engineer has filed a class action lawsuit against Twitter, alleging the company unfairly favours men.

Tina Huang filed the law suit in San Francisco last week according to Reuters, saying the promotion process at Twitter involved a “shoulder tap” policy that meant few women were brought into top-level positions.

The news follows a lawsuit by Chi Hong, a former Facebook employee who is suing the company for alleged sexual harassment and racial discrimination.

Uber’s future in China at risk

Uber’s future in China is at risk thanks to the merger of two popular taxi apps Kuaidi and Didi which claim to process book up to 6 million rides a day.

In comparison, Uber hit 1 million daily users late last year according to Forbes.

Together Did and Kuaidi control more than 99% of the Chinese market, with more than 150 million people in China using their smartphones to book taxis.

iiNet on the back foot with shareholders over TPG deal

iiNet’s management will hold a teleconference with investors today to defend the proposed takeover deal by rival TPG Telecom.

The proposed buyout has enraged some shareholders according to Fairfax, with one major shareholder saying the deal was “appallingly incompetent”.

TPG announced its $1.4 billion acquisition plan earlier this month.

Overnight

The Dow Jones Industrial Average is up 168.62 points, rising 0.94% overnight to 18,127.65. The Aussie dollar is currently trading at around 77.83 US cents.

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