The Dive | Business News

Today we're talking about Mr Beast .'Who is he?', I hear you ask... He's a self-made YouTuber, who just reached 100 million subscribers.  So today, Darcy and Sascha look at the business of Mr Beast and ask themselves - why should we care? What's his secret to viral videos, and just how much coin is he collecting for his internet fame? We’re asking our UK audience to help share our business ne...

Bryce, Darcy and Alec join Sascha today and share the 3 biggest takeaways from earnings season so far. There is a new record for the most profitable company in the world, retail is feeling the pinch from inflation and Google still reins supreme. Listen to the Neom episode here . We’re asking our UK audience to help share our business news podcast – The Dive – with friends and family. You can join...

I’m not sure if you’re aware, there’s been a lot happening in the world of satellite internet recently.  In late July, two of Europe’s biggest satellite internet operators -  - announced a merger.  Why? They said they want to better compete with Elon Musk’s Starlink. Then, Starlink was in the headlines after parts of one of their rockets crashed down to earth and landed in a pa...

Two reports released this week, one from Britain and a second from America, show just how much streaming services have disrupted broadcast TV.  The first, from Britain's Office of Communications shows how viewing time of traditional broadcast TV has dropped off a cliff, especially amongst young people.  The second, from Nielsen, found that in July Americans spent more time watching strea...

WeWork. You might be familiar with the name - or seen signs in your city. Over the past decade, these coworking spaces appeared all around the world. The company soared to a $47 billion valuation... before crashing back to earth. After a failed stock market listing and a number of red flags, founder Adam Neumann was forced out.  The books were written, Apple made the TV show, many people...

Domino’s Pizza is the largest pizza company in the world with more than 17,000 stores in 90 countries. But it was always going to be a challenge to conquer the home of pizza... Italy. Back in 2015, the company decided to try and take on the country and made big plans: 880 stores by the year 2030. But… fast forward 7 years later, Domino’s Italy has now declared bankruptcy.   The conc...

Celebrities love cryptocurrency. Well, probably more accurately, celebrities are willing to endorse anything for the right deal.  Reese Witherspoon, Matt Damon, Gwyneth Paltrow, LeBron James and Paris Hilton. There's a long list of celebrities who've been busy spruiking crypto. But most of these endorsements haven’t turned out so well....   Crypto markets are down over the past year...

We've read the headlines about 'miracle' weight loss drugs before. But this time it wasn't the title of a late-night infomercial, it was a headline in the Financial Times.  It read: "A new ‘miracle’ weight-loss drug really works — raising huge questions" . Well, that got our interest.  So as we read, we learned more that made us curious - Elon Musk has used Twitter to endorse the drug, M...

After 95 years, Disney may be losing control over Mickey Mouse.  The world’s most famous mouse was first introduced to the world in the 1928 animated film Steamboat Willie. Over the following 94 years, Mickey has brought in more than $80 billion dollars to Disney through movies, merchandise, theme parks, live events, even cruises. But... on 1 January 2024 that is all slated to chang...

The case for reparations in women’s football. It's a big statement. Here at The Dive, we first thought it was just clickbait. So we reached out to the journalist Simon Kuper who penned this article for the Financial Times - ‘Women’s football: the case for reparations.’ With the success of England's Lionesses close in our rear view mirror, we wanted to explore this rich history of women’s foot...

Australian wine sales to China dropped 98% in two years. That's not a typo. That's 98%. In the 2020 Financial Year, Australia sold $1.1 billion worth of wine to the world’s most populous country. In the last financial year, it sold just $25 million. It's not because the quality has dipped. This is a story about China. Call it economic coercion, call it weaponisation of trade, or just cal...

What would you do if you won millions in the lottery? We've all imagined the many various ways we'd spend it. It was hard not to think about this again as the Mega Millions lottery prize in the US soared past $1 billion - with one lucky person winning the full $1.34 billion prize.  You can forget about becoming an instant millionaire. The lottery is now making billionaires.  But once you...

Big Tech gets big by finding a market and just absolutely dominating it.  Apple’s iOS has 25% market share. Microsoft Office enjoys 50%. Google Search owns their space with 90%.  But none of these Big Tech companies are stopping anytime soon... They have an insatiable appetite for growth.  Regulators and politicians have tried to curb their appetite, by raising antitrust and anti-co...

Air travel chaos. Luggage lost, flights cancelled and delayed, hours-long security lines. And the general unrest from travellers is being directed at both airlines and airports. Plenty of COVID-impacted industries are returning to normal - theme parks are reopening, cruise ships are sailing and restaurants and bars are humming - but not air travel... Instead we have airlines blaming airports...

Manolo Blahnik can finally sell his shoes in China. This has been a fight 22 years in the making, and the Spanish shoe maker isn’t alone. Big western brands have been fighting and losing in Chinese courts for decades. But last week, something changed. China’s highest court sided with Manolo Blahnik, cancelled the trademark held by a local Chinese business and opened the door for Manolo Blahni...

France has run out of mustard. That’s right, the home of mustard is… mustardless. Supermarkets are limiting sales to one jar per person. Carrefour, a French supermarket giant, is being accused of stockpiling mustard to drive up prices. Chefs are appealing on social media for any spare jars. But behind the funny headlines, there is a devastating story - one that will only get more frequent.  T...

Ski fields in Saudi Arabia? Not the most natural combination to spring to mind... but the Saudi Crown Prince Mohammed Bin Salman wants to change that. And he’s allocated $500 billion of the country’s oil wealth to make it happen. Neom is the main project in Saudi Arabia’s efforts to modernise the country. It’s the ambition for a city of more than a million people, one of the largest hydr...

Headlines were made around the world last week as Netflix announced Microsoft as their official business partner for their new ad-supported, lower-priced subscription offering. This is the latest step in Netflix’s plans to offer ads on their platform - like the ad breaks we’re used to on TV, or Youtube. There's been a bit of pushback about the fact Netflix is moving to an ad-supported model....

In America electric vehicles have crossed the magic number.  An analysis from Bloomberg found that 5% of new car sales is the magic number for mass adoption of electric vehicles. And the US is the 19th and latest country to cross that threshold.  Good news for Tesla. Good news for the climate ... but, is there really a "magic number"? Bryce and Alec unpack all the details in today's epis...

Chinese property was front of mind for many investors last year as we watched property developer Evergrande struggle with its $300 billion dollars in debt.  Turn away for a few months and now Evergrande’s developer peers are accepting fruit and vegetables as payments. Chinese property developers are now accepting garlic in exchange for property. You heard that right. And no, garlic isn’t code...

The world’s eyes have been on America’s Supreme Court as they handed down the Dobbs v Jacksons Women's Health Organisation decision, overturning the right to privacy established in Roe v Wade. There has been plenty of commentary on the health, political and legal aspects of the case. We don’t have anything meaningful to add that hasn’t been said more eloquently elsewhere. We have, however, watched...

This weekend sees the final at Wimbledon, the most prestigious event on the professional tennis calendar. There's stunning lawns, an all-white dress code, royals in attendance, and the rich history of tradition makes it one of the most watched sporting events in the world. But the sheen of the tennis circuit is not the same for all. Behind the glitz and glamour, there are professional players stru...

With the arrival of the pandemic, and the implementation of lockdowns all around the world, investors and founders seized on the idea that this would permanently transform our lives - with a sharp focus on the way we shop and pay. The E-Commerce giants certainly agreed. Amazon’s famous forecasting tool told them to build, build, build, and Shopify told investors they believed pandemic E-Commerce g...

Moonshots. It appears some billionaires have taken this term differently.  While Jeff Bezos and Elon Musk are trying to return humans to the moon, Larry Page and Sergey Brin - Google’s co-founders - take it more metaphorically. They have ploughed Google’s billions into a semi-secret division of Google - X. Their moonshot factory. X is working right on the cutting edge of technology - sel...

Is Revlon the latest meme stock, following in GameStop’s footsteps?  The great beauty retailer, that had mega successful supermodels Claudia Schiffer and Cindy Crawford smiling from their billboards, they filed for Chapter 11 bankruptcy last week, after accumulating $3 billion dollars in debt.  The thing is, they just haven’t been able to keep up with the competition, the next generation...