What the Flux

Employment Hero, the Aussie payroll and HR platform, has raised $263 million with a plan to take its workforce product even more global. Tesla has missed its profit and revenue targets for the last quarter and as a result Elon Musk has lost $24 billion USD. ARN Media, the owners of KIIS FM, are looking to takeover Southern Cross Media, the owners of Fox FM and Triple M in a maaajor radio deal. — B...

We are so excited to launch this bonus episode of What the Flux.  In the Flux app, we create bingeable crash courses every month to help you smash your financial goals… This month, we’re covering one of the most-requested but curly topics - managing difficult money conversations. We had such awesome conversations with three money experts in the Academy - so we wanted to share some of the juicy ins...

Sara Lee, the iconic dessert brand has gone into voluntary administration after more than 50 years. 23AndMe, the genetic testing company, has been hacked and now the records of millions of its users have been leaked online. Amazon has announced it will be rolling out its 60 minute drone delivery with a plan for 500 million deliveries per year by 2030 — Build the financial wellbeing of your team wi...

News Corp is under investor pressure to separate its investment in realestate.com.au from its main business to unlock shareholder value. Netflix is planning to open themed stores known as “Netflix House” to offer retail, dining and live experiences. Ferrari has gone full throttle into the cryptocurrency lane as they start to accept bitcoin payments for their cars. — We want your feedback - win 3 x...

Cochlear, the ASX-listed bionic ear company, reckons its profit to grow by double digits in this financial year. A major bid to buy Manchester United football club has failed because its majority owners just weren’t happy with the price tag. Pfizer has announced that it will cut over $9 billion USD from its annual sales forecast after declining demand for Covid vaccines…and investors are kind of h...

Treasury Wine Estates has seen its luxury wine sales boom and it is hoping that Chinese wine tariffs may also be lifted soon. Microsoft has finally completed its $69 billion USD acquisition of gaming company Activision Blizzard after nearly two years of fighting with regulators. Tiktok has landed Disney as its latest publishing partner for TikTok’s new-ish premium ad product. — We want your feedba...

Atlassian has shelled out $1.5 billion to buy US video messaging service Loom to expand Atlassian’s collaboration tools empire. Google has added conversational mode to its Search tool to compete with ChatGPT. RedBubble, the ASX-listed online marketplace, saw its shares jump over 30% last week as it prioritised becoming cash flow positive again. — Build the financial wellbeing of your team with Flu...

Telstra has bought cloud-computing company Versent for $267 million to boost their digital services. Birkenstock Holdings listed on the New York Stock Exchange yesterday and has seen its shares drop more than 11% in one of the worst listings in 2 years. ExxonMobil, the major oil and gas company, has acquired Pioneer Natural Resources in a $59 billion USD acquisition in the largest takeover this ye...

Qantas’ Chairman of 5 years, Richard Goyder, will step down at the end of 2024 after the several recent controversies at Qantas. PepsiCo’s quarterly earnings and revenue beat investor expectations because people just keep coming back… despite the price rises. Apple Pay and Google Wallet could soon be facing additional regulation by the RBA. — Build the financial wellbeing of your team with Flux at...

Virgin Australia has recorded its first annual profit in more than 10 years after its revenue more than doubled in the last 12 months. Samsung's third-quarter profit is expected to plummet by almost 80% because of a global chip glut. Fortescue Metals has signed a new 25 year deal to expand into new renewable energy projects. — Build the financial wellbeing of your team with Flux at Work: https://b...

Seven Network claims title of Australia’s most watched network for third straight year. Uber is launching a new service to return unwanted packages as over-ordering becomes a norm. The NBA is in preliminary stages of its new media deal and it could include a whole host of streaming services. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free...

Virtual Gaming World, the locally owned online casino, has recorded nearly $5 billion in revenue to become one of the largest privately-owned Australian companies by revenue. X, formerly Twitter, has started cutting headlines from any external links to get users to post long form content in the app. Ozempic, the weight-loss/diabetes drug, has seen such a massive rise that it’s starting to have som...

Canva has announced an annualised revenue of $1.7 billion USD as well as a chunky $200 million creator fund. Sam Bankman-Fried’s trial began this week - after being accused of stealing billions in customer funds from his crypto company FTX. CBA has seen a decline in its home loan market share for the second month in a row… and CBA maaaaaay be starting to panic. — Build the financial wellbeing of y...

Spotify has released more than 1.5 million audiobooks into its premium subscription in Australia and the UK to convince more people to love audiobooks. Gina Rinehart's Hancock Prospecting has picked up a large chunk of shares in super popular aussie stock Liontown Resources and this might block a $6.6 Billion Bid. Starbucks is developing a new variety of coffee beans because it's concerned that cl...

It’s RIP for Kelloggs in Australia as they re-brand Coco Pops and Crunchy Nut under their new brand… Kellanova. Warner Bros Discovery plans to launch its Max streaming platform in Australia in 2025… which is really going to hurt Foxtel and Binge.. who licence their content. TikTok is testing out a new ad-free subscription tier to open up new sources of revenue. — Build the financial wellbeing of y...

Regional Express will soon launch its own frequent flyer program to take on Qantas and Virgin for the loyalty of the Australian public. Nike’s investors have given the big Nike-tick-of-approval after it announced its inventory glut is easing. Meta has introduced new AI features… with a bit of a spin in an attempt to find their footing in the AI industry — Build the financial wellbeing of your team...

PwC Australia has released the internal report that was commissioned after its tax scandal.. And it’s got some pretty hairy findings. Meta has announced a heap of new products at its Annual Developer Conference, including AR headsets and Smart Glasses. Snap is shutting down its Augmented Reality division just months after the launch…because it’s just not that special. — Build the financial wellbei...

Star Entertainment, the owner of Star Casino, is looking to raise $750 million from investors to keep it alive. The US Government and 17 States are suing Amazon over concerns that they’ve abused their market dominance and harmed competition. Taylor Swift’s not-quite-confirmed relationship with an NFL star has seen a nearly 400% boost to the team’s merch. Just a quick heads up:  We'll be taking a b...

News Corp Australia claims it is the first major news publisher in Australia to launch an online shopping platform. Tinder has rolled out a new, high-end membership to help desperate singles find love. The Writers Guild of America has reached a tentative deal with the Hollywood studios after a 146 day strike. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork...

Mr Yum and me&u, the two arch rivals, have just finalised a deal to combine their QR code ordering businesses. Share trading company Stake and crypto casino Stake.com are going head to head in a battle over naming rights. H&M is starting to charge shoppers for online returns as a way to disincentive shoppers from sending backs heaps of items. — Build the financial wellbeing of your team wi...

AustralianSuper, the largest shareholder of Origin Energy, reckons the current takeover bid of $18.7 billion isn’t enough. Klaviyo, the email marketing software, is the latest tech company to list on the Nasdaq… and pop haaaard on debut. The ACCC has blocked Transurban from acquiring a toll road in Australia for the first time everrrr. — Build the financial wellbeing of your team with Flux at Work...

Victoria will hit short stay rental companies like Airbnb with a 7.5% levy from 2025 and other states are watching veeeeery closely. Disney is planning to almost double its park investments to $60 billion USD over the next 10 years. Google has just released a new version of its AI chatbot Bard that will integrate into your life with the full suite of Google tools. — Build the financial wellbeing o...

KMD Brands, owner of Kathmandu and Rip Curl, has posted more than a billion dollars in sales for the first time over the last 12 months. Instacart, the popular grocery delivery app in North America, IPO’d this week at a valuation of around US$10b, but it actually wasn’t a great outcome for investors. YouTube won't let Russell Brand sell ads on the platform after recent sexual assault allegations a...

Yellow Brick Road, the ASX-listed mortgage broker is planning to delist from the ASX because of concerns that investors just don’t “get” the business. TikTok is diving headfirst into e-commerce with the launch of TikTok Shop to all US users by early October.. And then the world. The music industry has set a brand new milestone with music revenue hitting an all time high. — Build the financial well...

Elle, the Fashion magazine, is returning to print thanks to a comeback of hard copy publishing.   Australia’s largest fruit and veg processor has had its buyout price sliced by more than $100m. MGM Resorts, the owner of casinos in Las Vegas, has suffered a outage after a major cyberattack on its hotels and casinos. — Sign up to the Flux Pro Insurance Challenge: https://fluxsurvey.typeform.com/to/b...