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Business / Sydney, NSW

Firmus valued itself 'way too high' and paid the price

ABC News (Business)
Summary

Reported by 1 newsroomRead the original at ABC News (Business)

From the report

Sydney-based AI startup Firmus Technologies was close to listing on the Australian Stock Exchange at a $43.7 billion market capitalisation.

Tim Rosenfield (left) and Oliver Curtis, the co-CEOs of Firmus Technologies.
Tim Rosenfield (left) and Oliver Curtis, the co-CEOs of Firmus Technologies.

A summary of ABC News (Business)’s report. The score is for the full 1157-word report.

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How loaded the writing isLanguage Load Language Load is one number from 0 to 100 for how loaded a report’s writing is. Lower is plainer. 0 is a plain report, the facts said plainly; 100 is loaded throughout. It reads the writing, not the events, so a plain report of a sad story can still score low. Most reports are written fairly plainly and score under 20; the differences are in the loaded words, the drama and the claims nobody puts their name to.

Language Load 8.5plain plainloaded Sourcing 62 · partly attributed unattributedfully attributed Higher is better: how much of the report says who said it.

How it is written, not whether it is correct. What each reading means.

What changed

Changed after publishing · 2 edits

  • (seen 5 hours after it was published) the report was edited: 12 words added, 12 removed.
  • (seen 4 hours after it was published) the headline was changed: How Firmus valued itself 'way too high' and paid the biggest IPO in three decades, fell over price

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Headline check

The one thing this headline claims is in the report.

Figures, names and quoted words in the headline, looked for in the report itself — not in the summary above. One claim in this headline could be checked, so this is a narrow pass and not a thorough one. How this is checked

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How loaded the writing was

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Outlet Language Load
ABC News (Business)as they published this story 8.5
Detailed analysis adjectives and mood

Word choice and tone

Highlighted in the text. Words that carry a fact and quoted words are not counted.
Mood 52.2 · neither heavy nor light griefjoy How heavy the news is to read: what happened, and how heavily it is told. Not a verdict on the outlet.

How it is written, not whether it is correct. Other readings are listed only when they find something. What each one means.

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