What the Flux
711 episodes - English - Latest episode: over 1 year ago - ★★★★★ - 12 ratingsBite-sized business news. 5 minute breakdown of the top 3 Australian or global business stories of the day. Tailor made for busy humans. Hosted by Brett Joffe and Justin Joffe, co-founders of Flux.
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Episodes
Aussie crypto firm defaults on $163m | $2.2b book merger scrapped by regulator | $1b for climate fund at Morgan Stanley
November 22, 2022 18:00 - 5 minutes - 5.42 MBIris Energy, a massive Australian-born bitcoin miner, has defaulted on $163m worth of debts on its crypto mining equipment. Penguin Random House and its rival Simon and Schuster have scrapped their $2.2 billion USD merger after a judge ruled it would reduce competition. Morgan Stanley, the global investment bank, has launched a $1 billion private equity fund for the climate space. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Dow...
Stan, Netflix & co cop Aussie content quota | NIB claims Medibank's customers | Gap scared of the next 12 months
November 21, 2022 18:00 - 5 minutes - 5.33 MBFive major streaming services are upping their spend on Aussie content to attract new subscribers as the government announces a new content quota for the industry. NIB, the health insurer, has seen its profits rise off the back of angry Medibank customers making the big switch. Gap, the giant retailer, has beaten profit estimates and has seen its share price rise by over 8%, but it’s not looking pretty for the next 12 months. --- Build the financial wellbeing of your team wit...
Webjet's 180 degree turnaround | Aussie beef prices to keep rising | BHP spends $9.6B on Oz Minerals
November 20, 2022 18:00 - 5 minutes - 5.45 MBWebjet achieved a $4 million profit for the six months to September, which is quite the 180 from its $60 million loss at the same time last year. Australia’s biggest producer of wagyu beef says it will ‘keep pushing’ its prices up… regardless of where cost of living goes. Aussie mining behemoth BHP has reached deal to buy another giant Aussie company, Oz Minerals, for $9.6B. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download ...
David Jones resurrected with 55% jump | $2.8B from Estee Lauder for Tom Ford | Airbnb doubles down on hosts for 2023
November 17, 2022 18:00 - 5 minutes - 5.45 MBDavid Jones’ South African owners have celebrated a 55% increase in sales this financial year so far. Estee Lauder has acquired the Tom Ford brand for a whopping $2.8 billion after taking a particular interest in the company. Airbnb is turning its attention to improving the experience for hosts as it looks to build up the supply of accommodation on the platform. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app ...
Deliveroo Australia's sudden death | Oatly's revenue: not so tasty | $4.1B for Warren Buffett's new chipmaker
November 16, 2022 18:00 - 5 minutes - 5.51 MBDeliveroo Australia has been placed in administration and the food delivery platform in the country will be turned off. Oatly, the oat-milk maker, has warned that its revenue isn’t looking so tasty pretty because consumers are reigning in their spending. Warren Buffett’s Berkshire Hathaway has announced a $4.1 billion USD investment in a Taiwanese chipmaker and its shared jumped 8% on the news. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/f...
CBA enjoys bad debt improvement | crypto.com's 'bank run' | Unilever's big reason for big price increases
November 15, 2022 18:00 - 5 minutes - 5.5 MBCBA has reported very solid financial results for the September quarter as bad debts drop (even as interest rates have gone up)! Following FTX’s downfall, investors have started pulling funds from fellow crypto exchanges like Crypto.com. Unilever, the global manufacturing giant, has raised the prices of their products much faster than rivals P&G and Nestle over the past year and there is one big fat key reason why. --- Build the financial wellbeing of your team with Flux at W...
Adore Beauty sales slide 29% | Amazon's first cuts: Team Alexa | Bumble dumped by zillennials
November 14, 2022 18:00 - 5 minutes - 5.45 MBAdore Beauty has seen a 29% slide in its first quarter revenue as shoppers transitioned back from online shopping to the stores-of-old. Amazon is looking to cut costs after it lost $3 billion USD this year... and the first team on the chopping block is Team Alexa. Bumble has seen its growth slow down because zillennials have cut back on paid app-features and are getting thrifty with dates. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxat...
Westfield booming again | Nintendo emulates Disney | Vanguard launches superfund
November 13, 2022 18:00 - 5 minutes - 5.42 MBWestfield shopping centres are finally flying again after two long and painful years. Nintendo is expanding its product universe, and even its industry universe, in a highly creative new way. Vanguard, the global investment giant, has launched its own superannuation product in Australia, rolling out a new fund that it claims is one of the market’s cheapest. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App ...
$18 billion for Origin Energy | RM Williams = green machine | Meta cuts deep (ie 11,000 humans)
November 10, 2022 18:00 - 5 minutes - 5.51 MBOrigin Energy, one of Australia’s largest power and gas suppliers, has received an $18 billion takeover offer. RM Williams has seen its sales jump by 17% for the 12 months to June, and it plans to become a ‘greener’ company in the future. Meta, the company formerly known as Facebook, is laying off 13% of its staff (or around 11,000 people) to withstand a downturn in the economy. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Downl...
News Corp profit falls 75%, thanks pay TV | Disney loses $1.5B..with celebrations | Binance eats crypto nemesis FTX
November 09, 2022 18:00 - 5 minutes - 5.41 MBNews Corp, the media behemoth, has seen its income fall 75% in the last quarter after a major drop in its pay TV and publishing divisions. Disney celebrated growth in its streaming subscribers in the last quarter… but lost over $1.5 billion USD to get there. Binance, the largest crypto exchange in the world, has just announced a plan to take over FTX, the third largest crypto exchange, in one of the biggest pieces of crypto news…EVER! --- Build the financial wellbeing of your...
Westpac's disappointing $5.3B profit | Estee Lauder's 11% drop | $96M for social travel app
November 08, 2022 18:00 - 5 minutes - 5.51 MBWestpac has announced a slight fall in its full-year cash profit but still managed to rake in $5.3 billion for the year. Estee Lauder’s most recent quarterly sales figures have dropped by 11% after a cut back in cosmetic spending. Travel app Hopper has raised $96 million to double down on social commerce after a big few months in the travel industry. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store):...
Coca-Cola v Glencore | Atlassian's largest fall ever | Coopers Brewery needs new products
November 07, 2022 18:00 - 5 minutes - 5.51 MBCoca-Cola Amatil is in a battle for coal royalties worth $80 million with mining mammoth Glencore. Atlassian’s share price has plummeted over the past few days after some disappointing earnings and this was its largest one day share price fall ever. Coopers Brewery, the largest Australian-owned brewery, reckons new products and geographic expansion is the key to get it back on track after its sales took a hit last financial year. --- Build the financial wellbeing of your team...
Ralph Lauren, Fortnite launch virtual line | Aus Super tells govt: we need 'radically different' model | Maersk's revenue could sink soon
November 06, 2022 18:00 - 5 minutes - 5.46 MBRalph Lauren is launching a fashion collaboration with gaming platform Fortnite as retailers invest in digital partnerships to attract young shoppers. AustralianSuper believes the government needs come up a ‘radically different’ model for super retirees. Global shipping giant Maersk has reported blockbuster quarterly results, but if you look over the horizon, revenue could start to sink soon. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/flu...
Sportsbet, Bet365 face AUSTRAC's wrath | Airbnb breaks record | Johnson & Johnson's $17B buy
November 03, 2022 18:00 - 5 minutes - 5.44 MBTwo of Australia’s biggest betting agencies, Sportsbet and Bet365, may face multimillion-dollar fines following after an audit authorised by Australia’s financial crime watchdog. Airbnb has broken one of its own financial records after a huge northern hemisphere summer… but now, investors are little more concerned about its prospects. Johnson & Johnson is buying a heart device maker named Abiomed for around $17B USD in its biggest deal in almost six years. --- Build the finan...
Free Amazon Music for Prime members | BNPL on the nose at Aus Treasury | Elon fires almost everyone at Twitter
November 02, 2022 18:00 - 5 minutes - 5.45 MBAmazon Prime’s millions of members are getting access to a full music and podcast library. The Australian Treasury department is looking at buy now pay later again with an eye to require credit checks for ALL customers. Elon Musk has officially been Twitter’s owner for just under a week and he’s already making waves with sackings, hirings and reboots. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store)...
$400m collab: big banks & Aus gov | MrBeast = Mr $1.5B | 40% crypto collapse for a16z
November 01, 2022 18:00 - 5 minutes - 5.51 MBThe Big 4 banks are considering a collab with the federal government to launch a 400m social impact investment bank in Australia. MrBeast, the hugely popular content creator, is trying to raise $150 million for his business, which would value the company at $1.5 billion USD. Andreesen Horowitz, the famous Silicon Valley venture capital fund, has seen a 40% drop in its crypto fund… but it’s telling the market to be patient. --- Build the financial wellbeing of your team with F...
Westpac spends millions on NRL | Best IPO of the year | Apple hikes Music, TV prices...now?!
October 30, 2022 18:00 - 5 minutes - 5.5 MBWestpac has committed to spending millions and millions on rugby league in order to attract banking customers and sell more loans. Self-driving car tech company Mobileye had it long-awaited IPO last week, and day 1 saw its shares soar 38% in the year’s strongest US IPO. Apple has hiked the prices of its music and TV+ services for the first time since they launched - and it comes at a very peculiar time. --- Build the financial wellbeing of your team with Flux at Work: https:/...
Seven, NBCUniversal's new Aussie channel | ANZ: $6.5B in profit, thanks rate rises! | Meta's billions poured down the...metaverse
October 27, 2022 18:00 - 5 minutes - 5.41 MBSeven West Media has found a new partner in content-crime with a new partnership with US giant NBCUniversal - so welcome 7Bravo. Meta, formerly known as Facebook, has announced some pretty crazy results with its revenue looking good.. and billions being poured into the metaverse... but no returns yet. ANZ has announced a full year cash profit up 5% to over $6.5 billion thanks to the Reserve Bank and its rapid cash rate rises. --- Build the financial wellbeing of your team wit...
3.9m Medibank customers exposed | Ye dumped by Adidas | Coles price inflation reaches new heights
October 26, 2022 18:00 - 5 minutes - 5.51 MBMedibank has revealed that all 3.9m of its customers were hit by its recent cyber attack. Kanye West, now known as Ye, has been broken up with by Adidas after a number of racist and controversial comments over the past few weeks. Coles has reported accelerating inflation again at its supermarkets and now the prices for fresh food are rising to new heights. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App S...
Budget 2022 explained! | $800m for govt from local vape industry | $400m: Australian Lamb acquired
October 25, 2022 18:00 - 5 minutes - 5.5 MBThe federal budget has shown off a $42 billion improvement to the government’s bottom line over four years, but there won’t be any direct assistance around cost of living pressures. *Correction: The deficit is expected to reduce to just $36.9 billion.* The government is looking at imposing tough new rules on the vaping industry, as a new analysis shows that regulating vapes could deliver an $800m budget boost. Brazil’s Minerva Foods is buying Australia’s very own Australian Lamb ...
Netball Aus suddenly loses $25m | Stan.. not for sale? | 7-Eleven doubles down on petrol
October 24, 2022 18:00 - 5 minutes - 5.43 MBNetball Australia is facing a sudden and major $25m sponsorship loss as Hancock Prospecting pulls out of a much needed sponsorship deal. The owner of Aussie streaming service Stan has said Stan is not for sale... but we are very open to strategic partnerships. 7-Eleven is re-committing to the long term viability of petrol via a brand new deal with oil giant ExxonMobil. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the fr...
Virgin Aus' international expansion | Hermes wins this economy | Klarna goes social-first
October 23, 2022 18:00 - 5 minutes - 5.48 MBVirgin Australia has some bold plans to expand its international travel offering, as the rise in demand for travel gives Virgin some much needed confidence. Hermes, the luxury brand behemoth, is popping bottles with a 24% rise in total revenue, as high-end brands continue to win win win in this economy. Klarna, the buy now pay later platform, is launching shoppable video as e-commerce (slaaash lending) companies try to become social companies too. --- Build the financial well...
$385m profit for Chemist Warehouse | Uber becomes media company | TikTok's adult-only territory
October 20, 2022 18:00 - 5 minutes - 5.44 MBChemist Warehouse has had a monstrous year, with a record net profit of $385 million. Uber has announced the launch of a new advertising division that will sell ad space through its app, rides and more. TikTok is making updates to its livestreaming platform by restricting viewership of livestreams to 18 and older.. While also adding an adult-only broadcast. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App ...
$1.5B: Guzman y GoMoney | Hasbro toys with major losses | Netflix's afternoon delightful numbers
October 19, 2022 18:00 - 5 minutes - 5.49 MBGuzman y Gomez, the Aussie-born Mexican chain, is now worth $1.5 billion after a secondary share sale. Hasbro, the monster-size toymaker and entertainment company, has seen its earnings plummet for the last 3 months. Netflix’s shares have skyrocketed after it announced delightful results - and finally an increase in net global subscribers. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit...
Most popular kid in playground: Aussie payments | Kanye buying social media site | Amazon's weekly live-streamed concerts
October 18, 2022 18:00 - 5 minutes - 5.49 MBTyro, the Aussie payments business, has suddenly become the most popular kid at the playground - with both Westpac and a private equity investor looking to snap it up. Kanye West - aka Ye - has announced he’s going to buy conservative social media site Parler because he’s been banned from Twitter and Instagram. Amazon is introducing new weekly live-streamed concerts as part of Amazon Prime Video to ramp up the streaming wars. --- Build the financial wellbeing of your team wit...
MyDeal, MyData hack| Star's casino license = gone | News Corp, Fox planning to re-merge?
October 17, 2022 18:00 - 5 minutes - 5.41 MBOnline retailer MyDeal is Australia's latest hacking victim, and 2.2 million of their customers may have had their data exposed. Star Entertainment Group has had its Sydney casino licence suspended and could face up to $100m worth of fines. The two major companies in the Murdoch media empire, News Corp and Fox, are planning to reunite after splitting up in 2013. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app ...
Netflix ads = officially here | NAB claims world first | Top Gun maker somehow worth..$4B?!
October 16, 2022 18:00 - 5 minutes - 5.47 MBNetflix’s new ad-based plan is going to launch in Australia next month. NAB is claiming to be the first major bank in the universe to allow small business owners to accept payments directly from their mobile phones. Skydance Media, the Hollywood studio behind "Top Gun: Maverick," has raised $400 million USD in new funding at a valuation north of $4 billion USD. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (...
Telstra becomes a parent again | Qantas' spring in its step | GM takes Tesla rivalry to next level
October 13, 2022 18:00 - 5 minutes - 5.3 MBTelstra’s shareholders have voted to divide the monstrous business into three fully discrete subsidiaries... with one parent! And it could lead to a big payday for its shareholders. Qantas has a real spring in its step after releasing a quarterly update to investors that shows it’s gonna be back in black sooner than expected. General Motors is launching an energy storage business that takes its rivalry with Tesla to the next level. --- Build the financial wellbeing of your te...
Uber Aus incentives to go green | BMW = gaming company | TikTok hiring..warehouse staff?!
October 12, 2022 18:00 - 5 minutes - 5.45 MBUber Australia has announced a new partnership that will allow Uber drivers to buy an electric vehicle and they’re slinging some rewards to drivers as an incentive. BMW is partnering with a gaming platform to bring single and multiplayer games to new vehicles from next year. TikTok is looking to create a whole new logistics and warehousing network to help grow it’s e-commerce biz… so it ain’t just a silly social media app no more. --- Build the financial wellbeing of your tea...
Airwallex's $100m for acquisitions | YouTube finally embraces handles | Baby Bunting's investors not saying ga-ga
October 11, 2022 18:00 - 5 minutes - 5.47 MBAussie fintech Airwallex has raised $100m US for acquisitions because it reckons now is a good time to snap up cheap software companies. YouTube users will finally have a new way of identifying themselves after YouTube announced that custom name handles will be rolled out. Baby Bunting’s investors are not going ga-ga for its latest results after a major drop in its profit margin. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Down...
Cotton On enters retail hall of fame | Tabcorp's $33m punt on startup | Dubber investors: Freak. Out.
October 10, 2022 18:00 - 5 minutes - 5.47 MBCotton On has proven that good retail businesses can still grow in a very big way after its profits doubled for the last 12 months. Tabcorp has taken a $33m punt by acquiring a 20% stake in a social media betting app called Dabble. Dubber Corp, an Aussie voice technology company, has ‘restated’ its revenue figure from its preliminary results... and investors have sold their shares in a panic. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/flu...
Coles expects Xmas splurge | Peloton has 6 months to live | Spotify makes anti-misinformation move
October 09, 2022 18:00 - 5 minutes - 5.47 MBPeloton, the at-home exercise bike, has about six months to save itself from destruction, according to its CEO. Spotify has acquired a machine learning company called Kinzen to try and find misinformation in podcasts and stamp it out. Coles is still expecting a big splurge come Christmas time and isn’t expecting a major pull back on spending until 2023. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork --- The content in this ...
The enormous Aussie company you've never heard of | Nestle's $1B for coffee farms | EU forces Apple to conform on charges
October 06, 2022 18:00 - 5 minutes - 5.47 MBAn online social gaming company named Virtual Gaming World is now the sixth largest private company in Australia after releasing its annual revenue. Nestle has announced a $1 billion USD commitment to protect coffee from the climate crisis, and help its coffee suppliers adopt sustainable farming. Apple will have to change its iPhone charger in the European Union after a new reform was passed that requires a single charging port for most electronic devices. --- Build the finan...
Asahi buys Aussie brand StrangeLove | YouTube's wants to control your TV | Bye bye Juul: Big Tobacco re-enters vape city
October 05, 2022 18:00 - 5 minutes - 5.2 MBAsahi, the beer and soft drinks behemoth, has acquired StrangeLove, the Australian, premium, low-calorie, soft drink company. YouTube is in discussions with streaming broadcasters about a new product that it wants to launch in Australia, which could be interpreted as a cheeky attempt to control our home TVs. Big Tobacco is re-entering the vaping industry as the maker of Marlboro cigarettes, Altria, ends its non-compete with Juul. --- Build the financial wellbeing of your team...
Another RBA rate rise! | $700m for bottled water | Intel's Israeli tech set for record IPO
October 04, 2022 18:00 - 5 minutes - 5.5 MBThe Reserve Bank of Australia has gone six-in-a-row, raising the cash rate by 0.25% to 2.60% and it’s getting a little too close to comfort for many home owners. A 3 year-old company that sells water has just raised $70m USD and is now valued at over $700 million USD… for plain, old water. Mobileye, which is Intel’s tech company in the self-driving car space, has filed for an IPO - and this IPO is is expected to be this year’s largest IPO so far. --- Build the financial wellb...
Ikea Australia shrinks | Porsche IPO revs the crowd | H&M's Russian regret
October 03, 2022 18:00 - 5 minutes - 5.3 MBIkea is shrinking stores in Australia and around the world in an attempt to keep up with the economic times - and keep their customers too. Porsche made its much anticipated debut on stock market last week - and what a pleasant surprise that was for its big name owner (hint: it's VW). H&M, the global fashion retailer, is sounding the alarm on its falling profits, and it all follows their big decision to abandon the Russian market. --- Build the financial wellbeing of your tea...
Penfolds' Chinese wine | Alzheimer solution one step closer | Lego shines 17% brighter
October 02, 2022 18:00 - 5 minutes - 5.44 MBTreasury Wine Estates has announced the launch of a new Chinese-made Penfolds wine to replace its Chinese exporting business. Biogen, a US based biotech company, has announced a successful Alzheimer’s trial and as a result its share price boomed 40% on the news. Lego has continued to see its blocks shine bright like a diamond after a 17% uplift in revenue for the first six month of 2022. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwo...
AGL to close plant 10 years early | Smiggle owner's 'special' triumph | Hertz, BP go electric together
September 29, 2022 19:00 - 5 minutes - 5.47 MBAGL Energy will close its biggest carbon emitting power plant a decade earlier than originally planned following a big push from its largest shareholders. Premier Investments, the company behind Smiggle and several other big name retailers, has announced record sales for the past 12 months, and now has issued a special dividend. Hertz, the car rental company, has partnered with oil giant BP to build a network of charging stations for the growing number of electric vehicles here on ea...
Byron Bay's Thrills sold to Universal Store | Ancient auction house goes to NFT land | Walmart's metaverse pie
September 28, 2022 19:00 - 6 minutes - 5.53 MBThrills, the Byron Bay based clothing brand, has been sold to retailer Universal Store for quite a whopping sum. Christie’s, the old school auction house, is launching two new divisions - Department X and Christie’s 3.0 - to capitalise on the new age of collectibles. Walmart is getting a slice of the metaverse pie with two new digital lands - targeted at kids and teens. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the f...
Sigma boots Guardian Pharmacies | Netflix tweaks to reduce costs | British pound pounded
September 27, 2022 19:00 - 5 minutes - 5.5 MBSigma Healthcare, Australia’s biggest pharmaceutical wholesaler, is saying goodbye to Guardian Pharmacies after a pretty disappointing year. Netflix is tweaking its payment terms for some of its TV specials - as part of its plan to trim costs and reduce its upfront risk. The British pound has fallen off a cliff and is facing its biggest currency crisis in over 40 years. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the f...
Costa loses its head | SPAC season over | Brissy miner's Nio moment
September 26, 2022 19:00 - 5 minutes - 5.4 MBCosta Group, Australia’s largest fresh produce grower, has seen its CEO step down after just 18 months - and investors did not like the sound of this. SPAC season is officially over after one of the leaders in the space announced he was closing two massive SPACs after struggling to find any good deals. Nio, one of the largest electric vehicle companies in the world, has just invested a significant chunk in a small Brisbane-based lithium miner. --- Build the financial wellbein...
Optus hacked! | Spotify's Audible rival | Bye bye Coles Express
September 25, 2022 19:00 - 5 minutes - 5.49 MBOptus was hacked late last week and has now warned nearly 11 million of its customers to be vigilant over the next couple of weeks. Spotify has announced the launch of a brand new premium feature called Audiobooks with over 300,000 titles.. And take on Audible. Get ready for no more Coles Express petrol stations because Coles is waving a big goodbye to its petrol business -and is selling the biz to its long term partner. --- Build the financial wellbeing of your team with Flu...
Kathmandu owner celebrates | Who Gives A Capitalist | ACCC vs Greenwashers pt 1
September 20, 2022 19:00 - 5 minutes - 5.48 MBThe owner of retail brands Kathmandu and Rip Curl is celebrating the back end of the pandemic - with sales in August up 44% compared to last year. Who Gives A Crap, the Aussie online toilet paper company, is expanding its product range once again.. and it is also doing big things overseas. The Australian Competition and Consumer Commission has greenwashers in its firing line.. and it’ll even resort to internet sweeps to clean up the industry. --- Build the financial wellbeing...
Twiggy chasing Rugby Aus ownership | Uber goes down, hacked by 18yo | YouTube Shorts = long on content cash
September 19, 2022 19:00 - 5 minutes - 5.46 MBAndrew 'Twiggy' Forrest is back at it again - this time, he’s looking to acquire a stake in Rugby Australia to get in on one of Australia's major sporting codes. Uber’s internal systems have been hacked - by an 18 year old - and it forced Uber to take all its internal systems offline. YouTube Shorts is gearing up to announce an ad revenue-sharing model with creators that could revolutionise the game and shake up the short-form content world. --- Build the financial wellbeing ...
Four'N Twenty sold offshore | Patagonia gives itself away | $20B: Adobe buys Figma
September 18, 2022 19:00 - 5 minutes - 5.39 MBFour'N Twenty, Lean Cuisine and a number of other Aussie brands have been snapped up by a Hong Kong investment firm. The founder of Patagonia, the outdoor clothing and apparel company, has given the $4.4 billion company away to an environmental trust. Adobe, the maker of Photoshop, is buying the popular design tool Figma for $20B USD. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/F...
Tinder's Aussie decade | Ethereum's green moment | T2's global empire
September 15, 2022 19:00 - 5 minutes - 5.52 MBTinder is celebrating its 10th anniversary in Australia, and it seems like the feeling is mutual, because Australia is one of its biggest markets. The crypto world was watching on with eagle eyes yesterday after the long-awaited Ethereum merge finally took place - and it could go a long way towards making crypto greener. T2 - the fancy tea merchants - is going global and the company reckons sustainability will help them get there. --- Build the financial wellbeing of your tea...
Canva takes on Microsoft, Google | Ferrari succumbs | Insta'Gift' tips are here
September 14, 2022 19:00 - 5 minutes - 5.52 MBCanva has announced a massive product expansion that will pit its product directly against Microsoft and Google for large business and enterprise customers. Christmas may have come early for Instagram creators who are getting “Gifts” as part of a new tipping feature that could become a key part of Instagram Reels. Ferrari has finaaaaally succumbed to the SUV trend after resisting for years and years. --- Build the financial wellbeing of your team with Flux at Work: https://bi...
Aussie assets to plummet if they don't go green: IFM | $100m: Aussie Google-rival acquired | Starbucks' loyalty odyssey
September 13, 2022 19:00 - 5 minutes - 5.49 MBIFM, the huge investment fund that owns part of Melbourne airport, says the values of Aussie infrastructure assets will plummet if they don’t go green fast. Search.io, an Aussie AI search startup, has been acquired for more than $100 million. Starbucks is creating a blockchain-powered ‘odyssey’ program, and they swear it’s more than just a gimmick. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): h...
Sydney Fish Market goes digital | Roblox's fun fund | White House v Crypto
September 12, 2022 19:00 - 5 minutes - 5.43 MBThe Sydney Fish Market is launching an online marketplace and expects to double its sales each year. Roblox - the gaming platform - is throwing a biiiiig chunk of extra cash into its creator fund. The White House has released a HUGE report on crypto’s environmental impact… and it wants the industry to clean itself up pronto. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStor...
IGA still booming | New category for Kellogg's | EY's wild future for its industry
September 11, 2022 19:00 - 5 minutes - 5.47 MBMetcash, the distributor for IGA supermarkets, has seen its sales jump nearly 9% over the last few months as Aussies continue to shop local post-lockdown. Kellogg’s is looking to spread its wings into a new cereal category named 'just-add-water'. EY, the professional services firm, is having its partners vote on whether to split the global company in two - and this could have big ramifications for the entire industry. --- Build the financial wellbeing of your team with Flux a...