What the Flux

One of Canva’s most recent investors has slashed the value of its investment in Canva by 30% - after a major drop in the share price of other tech companies.   Stake, the Aussie share trading app, brought home $50 million in fresh funding…which it has very promptly added to its war chest.   Google’s parent, Alphabet, has reported weak earnings and revenue, as YouTube s...

Twitter has officially been sold to Elon Musk for $44 billion USD and the plan is to take the company private.   LVLY, the Aussie flower delivery company, has just been acquired for $35 million.   Meta, FKA Facebook, is opening its first ever physical retail space to show people first-hand how to enter the big juicy metaverse.   ---   Build the financial wellbeing of your team...

Netflix may offer a lower-priced version with ads in order to boost revenue as its subscriber numbers drop.   Global private equity giant KKR has partnered with a few sovereign wealth and superannuation funds in a $20 billion-plus offer for Ramsay Health Care, Australia’s largest private hospital operator.   Tesla’s revenue hit $18.7 billion for the first 3 months of the year...

Regulators are going to green light Australia’s first bitcoin ETF in the coming weeks, with an official launch party expected as early as April 27.   Zip Co, the Aussie buy now pay later company, has seen its credit losses increase beyond the company’s target range for the first three months of 2022.   Laundry lords Proctor & Gamble has revealed that sales growth is at it...

NewsCorp is finalising plans to launch a gambling company in partnership with a group of investors in the industry.   Dymocks, the old school bookstore chain, reckons book sales are soaring across the country - and it’s partly thanks to TikTok!   Shares in Netflix tanked around 25% after the 'Flix reported that it had lost 200,000 subscribers in the first 3 months of the year. &nbs...

Twitter has taken a poison pill to stop Elon Musk from taking over the company after he offered shareholders more than US$40 billion for the company.   AMP could be flogging its real estate operations to property giant Dexus in a massive $25 billion deal.   ANZ, CBA and Westpac’s blockchain startup has copped nearly $13 million in new funding to speed up processing times for bank g...

AGL Energy has inked a deal to charge and discharge a massive, virtual battery…without building it or even owning it.   Three major Apple suppliers have had to pause production of iPhones, iPads and Mac computers after Shanghai set some pretty strict COVID lockdowns.   Nintendo has combined its two most famous franchises - Wii Sports and the Switch, to make Nintendo Switch Sports....

The parent company of RM Williams has invested in a plant-based textile company… and this may be a sign that it's planning to make its iconic boots vegan.   Warner Media and Discovery have just completed their US$43 billion merger…and they shall forever be known as 'Warner Bros Discovery'.   ASOS, the fast fashion retailer saw its first-half profits down a whopping 87%...an...

Afterpay has reported its first results under new owner Block, and it was a whopper loss for the first six months of the financial year - $345.5M.   Tesla CEO Elon Musk, who is also now the largest shareholder in Twitter, has said ‘no’ to a board seat at Twitter.   Aussie ‘hype commerce’ startup EQL (pron: Equal) has raised $25 million to help retailers manage the...

Once again, Foxtel’s IPO has been postponed - this time due to concerns around the economic environment, interest rates and international war zones.   Westpac claims it is is blocking around 1000 scams per week after releasing its latest anti-scam technology.   Levi’s has seen sales climb 22% thanks to its post-covid strategy of going direct-to-consumer via online and new phy...

Amazon Australia is launching same-day delivery in Sydney and Melbourne by expanding its logistics network - and finally we’re catching up the US.   Mecca, the giant Aussie beauty retailer, is making a massive play for the Chinese market with a major focus on ‘live-selling’.   Tata Group, the 154 year-old Indian behemoth, is planning to launch a super-app in India that...

Hundreds of Coles-branded products will be sold on the shelves of Singapore’s biggest supermarket chain after a new multimillion-dollar deal.   Telstra has turned on a new scam filter, which is aiming to prevent Aussies from being hit with millions of dodgy text messages and scams.   The first crypto product to be offered by an Aussie bank to consumers is facing regulatory delays,...

Super funds Australian Ethical and Christian Super are in talks to merge and create the second biggest ethical super fund in Australia.   Fast, a seriously-hyped one-click checkout startup, which raised $130m just last year, has announced it is shutting down after burning through all its money.   Starbucks’ OG CEO Howard Schultz has officially triple-dipped - he’s returning t...

The CEO of Tesla, Elon Musk, has acquired a 9% stake in Twitter to become its largest shareholder - and as a result the company has seen its share price rocket.   AustralianSuper will jointly buy the telco infrastructure firm Axicom for $3.58B - as it seeks to cash-in on the increase in demand for mobile connectivity.   The owner of David Jones, and the Country Road Group, has denied the...

Amazon Prime Video’s Aussie division is not ruling out making a play for the next 3 Olympics when the tender rights open up later this year.   Domain, the Aussie real estate listings site, is acquiring a real estate campaign management platform named Realbase for at least $180M.   Regulators are investigating a possible insider trading incident at gaming behemoth Activision, which...

TabCorp and Tatts, the betting and lotto companies, are finalising the paperwork to BREAK UP after merging just 5 years ago.   Pop star Lizzo has turned from Good-As-Hell music superstar to shape-shifting business-women with her new shapewear brand.   Waymo, the self-driving car company, says fully driverless rides are coming to San Francisco - taking us one step closer to never having t...

Westpac employees will be free to talk about their pay packets - to friends, family, colleagues - after Westpac dumped its salary secrecy clause.   Sneaker brand New Balance wants to remind buyers that the shoes are Made In America - and it's part advertising, part necessity.   Qantas shared how it plans to meet its 2050 net-zero emissions target, and it could involve carbon farming in W...

Aussie mining giant Fortescue has inked a new deal with German energy company E.ON to replace Russian gas with Australian green hydrogen.   Australian venture investor Blackbird Ventures is raising $1 billion from investors to find and back the next Canva.   Sony is launching a new PlayStation subscription service, as gaming companies strive to replicate the success of TV and movie strea...

The Treasurer has dropped the mic on the 2022/2023 election budget, and the key theme is the rising cost of living.   Apple TV+ is celebrating its win of Best Picture at the Academy Awards, and in bad news for Netflix, it has become the first streaming service to win the top gong.   Tesla tweeted it will perform another ‘stock split’ - and shortly after the tweet, it added $1...

The CEO of the Star Entertainment Group has resigned following revelations of widespread misconduct at the casino.   Stripe, the world’s most valuable private 'fintech', is seeking new banking partners in Australia so it can extend its payments services into loans and bank accounts.   Customer management company HubSpot has created a platform to produce podcasts, and creators who p...

TikTok has committed to removing damaging political misinformation in lead up to the Australian federal election.   Several parties are said to be interesting in buying the regional TV assets of Southern Cross Austereo, the owner of Hit, Triple M and LiSTNR.   Uber has struck a landmark deal with yellow taxis in New York, as the company strives to integrate itself with every taxi in the...

ANZ Bank has created a ‘stablecoin’ that’s pegged to the Australian dollar, in a milestone for Australia's digital economy.   Telstra says it’ll plant 158,000 trees via drones to rack up carbon credits and offset its greenhouse gas emissions.   YouTube taking another big step into the TV space after announcing it will stream more than 4,000 TV shows for free, begi...

Foxtel has extended its deal to broadcast Formula 1, and the deal is said to be worth between $40 and 45 million a year.   The ACCC is suing Meta, the owner of Facebook, and they’re alleging it knowingly ran ads for crypto scams featuring Australian celebrities.   Yuga Labs, the company behind the Bored Ape Yacht Club NFTs, is at it again - they’ve raised $450 million USD for...

Baby formula producer Bubs is launching a ‘supreme’ premium range (for the boujee babies out there), and it sent shares tumbling for rival A2 Milk.   Qantas is going to sell NFTs featuring its historic aircrafts later this year, and it’ll offer frequent-flyer points to buyers.   Dating company Match Group is launching its latest app, designed exclusively for single pare...

Burger King says its independent operator in Russia is refusing to close down its restaurants.   Optus is threatening to take its big commercial partnership away from telco tower group Axicom - just as Macquarie plans to sell off Axicom.   Online grocery platform Instacart has teamed up with TikTok so users can buy recipe ingredients from viral videos   ---   Download the free...