WiseTech Global Ltd (ASX: WTC) was founded in 1994 by Richard White to provide software to the logistics sector. Since then it has grown to become a global provider of logistics software, claiming to service 19 of the top 20 logistics companies globally. WiseTech makes money by charging its customers on a ‘per use’ basis rather than as a subscription model. Meaning, WiseTech directly benefits as its customers grow their businesses.
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WiseTech Global (ASX:WTC) shares will be under scrutiny this morning after its CEO and founder sold $45 million of shares.
James Dunn takes us through the latest in share market acronyms, with the GRANOLAS stock list of companies taking over from FAANG and WAAAX in 2020. At least, according to Goldman Sachs.