What the Flux

Resmed, the sleep apnoea company, has seen its profits soar 64% this year thanks to one of its competitors battling a product recall.   Crypto queen Paris Hilton is building her Metaverse Malibu mansion, and it is on a platform named Sandbox.   Meta, the legal guardian of Facebook and Insta, is testing a new chatbot named BlenderBot Three, and yes it does sound just like how people on the internet...

Telstra has decided to give its shareholders a bit more love by lifting its dividend for the first time in SEVEN YEARS (even though profits are down).   Disney has sent a big middle finger to Netflix after officially overtaking Netflix for streaming subscribers… and they’ve also got plans to launch a version with ads.   Spotify is testing a live music ticketing platform, so best of luck to Ticketm...

CommBank is celebrating big time after announcing a $9.6 billion annual profit, which is its biggest cash profit in over 5 years.   Whirlpool, the home appliances behemoth, has agreed to buy the company behind the InSinkErator for $3 billion.   Coinbase, the crypto trading platform, has released some pretty grim earnings results - losing over $1 billion in the second quarter of this year.   ---  ...

REA Group, the folks behind realestate.com.au, have paid out their biggest final dividend ever thanks to a juicy revenue increase.   NAB’ is officially making bank in its latest quarterly earnings and it ain’t even worried about interest rate rises because most of its customers are ahead on their home loans.   SoftBank, the gigantic Japan-headquartered investment fund, just lost an enormous pile o...

10 Play, 9Now, 7Plus and the other broadcast video on demand platforms became Australia’’s fastest growing ad channel in 2021.   BHP wants to buy a South Australian mining company but the company says the offer just ain’t good enough.   Amazon just bought the company behind the robot vaccum Roomba for a lazy $1.7bn USD and privacy advocates are a liiiiittle spooked.   ---   Build the financial wel...

Beyond Meat has cut its revenue outlook and now it plans to trim the fat on its workforce.   PayPal and Pinterest both saw their share prices spike last week after an activist hedge fund entered the chat.   APRA, the Aussie prudential regulator, reckons a quarter of the companies it regulates do not have any metrics to measure and monitor climate risks.     ---   Build the financial wellbeing of y...

Godfreys, the kings of the humble vacuum, has managed to achieve a revenue rise, despite shrinking its number of stores.   Uber just achieved its first cash-flow-positive quarter ever thanks to some record revenue.   Usain Bolt’s micro mobility startup - named Bolt - has abruptly disappeared, leaving a trail of scooters in its wake.   ---   Build the financial wellbeing of your team at work with F...

Tinder’s latest round of disappointing earnings has caused some pretty hefty changes at the company. Hefty indeed.   Appen - the Aussie artificial intelligence company - announced a 69% drop in its earnings for the first half of the year.   Shopify has made a $100m strategic investment in Klaviyo, an email automation platform that will see the two giants build one tasty partnership.   ---   Build...

The Reserve Bank of Australia has struck again - they’re officially 4 timers back to back - raising the cash rate by 0.50% this time.   Pinterest’s share price has popped 20% because it announced earnings that weren’t as terrible as expected.   Pfizer’s making more sales than ever before, 150 years to be precise, and more than half of the sales are because of thanks to its COVID vaccines.   ---  ...

Atlassian co-founder Scott Farquhar has made a major bid to acquire renewables generator Genex Power.. but they want a larger premium   TikTok has applied to trademark TikTok Music, which could see TikTok start to dabble in more than just short-form video   Amazon is bidding farewell to Amazon Drive - which joins a long list of other failed projects. Thanks to Natasha Gillezeau, Product Manager at...

F45, the Aussie-born fitness chain just announced a disastrous financial update and now they’re cutting 45% of their workforce   Amazon just released its second quarter results and it ain't as bad as the cynics were expecting   Spotify doesn't miss a beat with its revenue and users surpassing pretty much everyone’s expectations  Thanks to Tash from @tashinvests for co-hosting today! --- Build the...

Westpac has announced it will cut down lending to companies in the gas and oil industries by almost a quarter by 2030   Facebook and Instagram’s parent company Meta posted its first revenue decline in history   Shopify is laying off 10% of its staff after it admitted it went too hard too soon on the growth of online shopping Thanks to Maddy from You're in Good Company podcast for co-hosting today!...

Myer has announced its strongest annual profit since 2017 thanks to its online shopping boom and investors are finally loving them again!   Aussie healthcare startup Human has just raised $10m in the biggest seed round ever by an all female founded startup   Alibaba, the e-commerce, behemoth, is looking to add a primary listing in Hong Kong to attract Chinese investors Thanks to Sophie from You're...

April 13 2022: Afterpay recorded its first results since its acquisition by Square and it wasn't pretty.   February 4 2022: Meta missed its active user target and things are looking even worse for the upcoming quarter - and the news sent shares down 22%   April 28 2022:  Alphabet, Google and YouTube's parent company, just released its first quarter earnings - and revenue growth slowed around 34%....

Crypto exchange Swyftx and share trading platform Superhero have announced a surprise merger, which values the combined group at $1.5 billion   Microsoft has agreed to buy Activision Blizzard - the company behind cult games like World of Warcraft and Call of Duty Candy Crush for $96 billion    Amazon has completed its US$8.5 billion acquisition of MGM - the company behind the James Bond franchise...

Zip Co is going to start tightening it belt to get itself back in the black - and investors were pretty pleased.   SoundCloud is expanding its new ‘fan powered royalties’ model and is partnering with Warner Music in the process.   Amazon is buying a big medical company, so now it will be able to help you find a new steam mop AND a doctor.   ---   Build the financial wellbeing of your team at work...

Netflix has snapped up the Aussie animation studio behind legendary pieces of cinema like The Lego Movie and Happy Feet.   APRA has told super funds they need to get better at assessing and managing the company valuations of unlisted companies (like Canva).   Despite what Elon Musk calls 'supply chain hell', Telsa has gone and beaten profit expectations.    ---   Build the financial wellbeing of y...

Netflix lost more than a million subscribers in the first half of this year, but they’re saying it could have been worse!?   Bubs Australia, the baby formula company, has been on fire after lately - they've almost tripled gross revenue compared to the same time last year.   KFC is trying out a new kind of chicky nuggie that it thinks will attract the youngins... and keep them hooked for life!   --...

Giant Aussie retailer JB Hi-Fi has announced record sales for the last financial year, and has pretty much smashed all the experts’ performance expectations.   Snapchat has launched a web version of its app in a ploy to compete with Insta and TikTok - and drive more and more (and more) engagement.   Meta (FKA Facebook) has announced a brand new feature on Instagram that will let you shop with smal...

ANZ has officially added Suncorp’s banking division to its cart... after saying thank u next to MYOB.   Amazon had its biggest Prime Day ever last week and reckons live shopping is part of its secret sauce.   Inflation in the US hit 9.1% and NZ over 7% in June, which means inflation is growing at its fastest rate in more than 30 years.   ---   Build the financial wellbeing of your team at work wit...

ANZ Bank is entering shopaholic territory as it looks to acquire both MYOB AND Suncorp’s banking arm.   Spotify’s done a New York Times and bought Heardle - the musical version of Wordle for a 7-figure-sum.   Shein, the fast fashion giant with a reputation for fast-fast-fast fashion is planning an IPO in by 2024… but the jury is still out.   ---   Build the financial wellbeing of your team at work...

Netflix is going live with its ad-supported streaming service sooner than expected - all thanks to a new partnership with Microsoft.   Trade360, an investment trading platform promoted by former Australian cricket captain Steve Smith, has been closed down by ASIC.   BMW is embracing the subscription game -  now selling heated seat subscriptions for $18 a month.   ---   Build the financial wellbein...

The owners of Snooze, formerly known as Capt’n Snooze, has announced their potential sale will go into nap mode because they haven’t found a buyer.   YouTube TV, YouTube’s live cable streaming bundle, just hit a cool 5 million subscribers and YouTube reckons it's just getting started.   Uber’s been caught red handed engaging in some questionable practices from its wild years - thanks to a huge doc...

Aussie crypto app downloads have taken a massive dive as Aussies brace for an icy crypto winter.   Virgin Galactic, the world’s first commercial space line, has inked a deal with Boeing to build more ‘motherships’ to take more of us to space!   J Capital Research, the activist short seller, has fired shots at a Lake Resources’ new lithium miner - calling the project is a bit of a joke.   ---   Bui...

Hungry Jack's has announced it is ploughing $20 million in a new cafe arm to take on Maccas in the cafe game.   Twitter is going to take Elon Musk to court after he announced plans to walk away from his offer to buy Twitter.   The private equity giant behind Laser Clinics Australia, the massive cosmetic clinic chain, has bought out dozens of its franchisees after facing a heap of franchisee unrest...