What the Flux

Four'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 Flu...

Tinder 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 su...

Canva 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...

IFM, 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...

The 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:...

Metcash, 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...

SPC has announced a $14 million pre-tax profit just 3 years after it was sold by Coca-Cola Amatil (as a loss-making business).   Apple has had its annual iPhone launch and has announced a new iPhone, Apple Watch and Airpods.   Russia has officially cut off Europe from its gas supply indefinitely, and now it has turned its war against Ukraine into an economic weapon against Europe.   ---   Build th...

Armaguard and Prosegur, two of Australia’s cash van connoisseurs, want to merge together to stay alive.   The D’Amelio family is launching a 100% family-owned brand with all their juicy TikTok money and exposure.   In 2022, twice as many Aussie workers are as financially stressed as they were in 2020, according to a new report.   ---   Build the financial wellbeing of your team with Flux at Work:...

Kraft Heinz, the owner of some of the world’s, and Australia’s, biggest brands might be selling off its huge $1 billion Aussie and NZ business.   Porsche, the luxury carmarker, is looking to leave the Volkswagen nest and go public in one of the biggest IPO’s in German history.   Ireland just fined Meta, the owner of Facebook and Insta, a massive $591 million for being too lax with childrens’ data...

Dan Murphy’s has told Aussies to come in for a slab of beer and stay for an on-the-spot job interview as part of its plan hire 2200.   The Australian Federal Police has set up a new unit specifically to target crypto criminals.   Foxtel and Seven are looking likely to will keep the AFL broadcasting rights and it could land for around $3 billion.   ---   Build the financial wellbeing of your team w...

The Aussie founders of Stake.com, the world’s biggest crypto casino, are being sued for $580 million bucks.   Samsung is integrating AI and smart tech in their fridges and washing machines to help its customers use less power.   Gatorade, the company known for its sports drinks, is entering the energy drink category -  with a caffeinated number named Fast Twitch   ---   Build the financial wellbei...

David Jones has seen its sales and profits bounce back over the last couple of months, and now, it has opened itself up for a potential sale.   Disney is exploring its own loyalty program, which will give special membership access across all of its millions of products.   Snap has missed its revenue goals by a country mile, so now, it's laid off 1 in 5 staff members across the company.   ---   Bui...

Webjet is popping bottles after its travel bookings reached 95% of its pre-pandemic levels.   Superannuation products from four super funds will be forced to close to new members after they failed a key performance test for a second straight year.   PointsBet, which has Shaquille O’Neill as its ambassador, has announced a loss of $267m for the last 12 months.   ---   Flux on TikTok: https://www.ti...

Cettire, the Aussie luxury fashion retailer, has broken its revenue record, but it's still burning cash.   UniSuper might be breaking the law after investing more than $160m in an oil and gas producer.   The head of the federal reserve says US interest rates will continue to rise… and investors are SPOOKED.   ---   Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fl...

Adore Beauty - the skincare and makeup e-commerce brand - has seen its profit jump this year, but the company reckons it’ll face sliding profits over the horizon.   Netflix, Disney and several other movie studios are taking Aussie internet providers to court over video piracy.   Peloton, the connected-fitness equipment company, has rolled its way to a $2.8b USD loss for the last 12 months to June...

Wesfarmers, the Aussie conglomerate, has released its results for the last financial year, and let’s just say it is makin’ it work, but it ain’t quite partying like its FY21.   Afterpay is shutting down its Money app after just 12 months, but supposedly, it’s not because it ain’t performing well.   Doordash just got hacked and now they join a list of large companies that have been hacked recently....

Qantas has posted an underlying loss of $1.9 billion bucks before tax for the past financial year, but Qantas reckons things will turn around once they sort out staffing issues.   Nine Entertainment has announced a bumper profit of $315 MILLION, buuuut Stan hasn’t nailed its numbers yet despite growing its user base.   US President Joe Biden has promised to spend between $US400 billion to $US600 b...

Coles has released its yearly earnings, which continues to rise, but the real talking point was food inflation… it ain't over yet folks.   Tabcorp, Australia’s largest gambling company, has claimed a major win by gaining market share in the competitive gaming market (after years of falling behind).   Instagram has gone into full clone mode again, but this time, it’s copying a new app called BeReal...

Endeavour Group, the daddy of Dan Murphy’s, has announced a more than 12% revenue growth since 2020 - and it’s partly thanks to an uptick in non-alcoholic drink sales.   The Reject Shop has been doing it tough lately, but now, economic woes are looking like a golden opportunity.   3,000 workers at giant car company Ford Motor will lose their jobs as the company cuts costs big time.   ---   Build t...

Medibank is going all in on becoming a hospital owner - and they’ve got the cash to back it up.   Shopify will begin lending to the small businesses that are selling on its retailing platform.   Embracer, a Swedish gaming company, has bought the Lord of the Rings IP, so get ready to spend more time in Mordor.   ---   Build the financial wellbeing of your team at work with Flux at Work: https://bit...

AGL has had a seriously rough start to the year but is still technically back in the black in its full-year earnings.   Qantas’ deal to take over FIFO specialists Alliance Airlines for over $600m is in trouble thanks to the consumer and competition watchdog’s bark.   Norway’s sovereign wealth fund has copped a $250 BILLION loss in just 6 months from January to June this year - and yep, that’s a re...

CSL, the Australian born biotech company, has announced its second-largest annual profit in its history... after having a pretty rough time during COVID.   Xero, the cloud-accounting platform, has warned its subscriber growth in the UK ain't so great, and investors whacked its share price down by over 7%.   Amazon is launching a new feature internally and this feature seems eerily similar to a pro...

Apple’s got a new plan to protect your privacy, but Apple also plans to make a hell of a lot more money, so look out for more ads on your iPhone.   Super Retail Group, the owner of Rebel, BCF, MacPac and many more brands, is growing their revenue once again - but their profits are somehow shrinking.   Shopify is launching a new collaboration platform that will help connect creators and influencers...

SEEK has achieved an 81% jump in profits thanks to record job ads in Australia and NZ.   DoorDash and Facebook Marketplace have launched a new collab that lets Doordash buyers pick up your Marketplace purchase.   WeWork founder (and all round controversial bloke Adam Neumann) has scored $350 million for his new startup.   ---   TikTok: https://www.tiktok.com/@flux.finance   ---   The content in th...

Twiggy Forrest - the Aussie mining magnate - is launching a new health tech fund, and a bunch of that cash is going straight to MDMA research.   Google’s in big trouble with the Aussie consumer watchdog after being dishonest about data sharing.   Uber is shutting down Uber Rewards, its OG incentive program and ushering in a new world. of Uber One.   ---   Daily newsletter: https://bit.ly/fluxnewsl...