What the Flux

Australian businesses will be given over $1 billion in wage subsidies to create 70,000 new apprenticeships. Australian news publishers are worried that Facebook is trying to slow down negotiations on a deal to pay publishers. Deliveroo has announced it will IPO soon - and it is promising some of its best performing riders $18,000 as a bonus. --- Save money and win cash prizes up to $250k weekly: h...

Italy has blocked a shipment of COVID-19 vaccines heading for Australia. Square, the mobile payments service, is acquiring a majority stake in Jay-Z’s music streaming service Tidal. Google is going to stop using your personal browsing history to sell targeted ads. --- Save money and win cash prizes up to $250k weekly: https://www.flux.finance/ Get your credit score for free: https://bit.ly/fluxcre...

Accounting platform Xero has made its biggest acquisition ever, spending $240 million on a European workforce management company. Netflix has launched a TikTok-like feed of funny videos to better compete with social media. Four female Olympic gold medalists are launching Togethxr, a media platform aimed at celebrating millennial and Gen Z female athletes. --- Get your credit score for free: https:...

Greensill, an Australian-born, global lending company is fighting for its life after one of its biggest funders blocked access to its cash. Musician 3LAU has released the world’s first crypto album… and it made $15 million in 24 hours. Berkshire Hathaway, the investment company run by investment legend Warren Buffett, is now investing over $30 billion into itself. --- Save money and win cash prize...

Property prices in Australia are increasing in value at their quickest rate in 17 years. Klarna, the Swedish buy now pay later giant, has raised $1.3 billion to continue fighting it out with Afterpay. David Jones is cutting down its costs by over $20 million by cutting down its in-store gourmet food business. --- Save money and win cash prizes up to $250k weekly: https://www.flux.finance/ Get your...

Woolworths is getting into Australia’s $10 billion pet industry and will offer pet food, vet services and insurance online. Airbnb has announced results as a public company for the first time - a $5 billion loss for Oct to Dec. Wildly popular stock trading app Robinhood is planning an IPO filing for as soon as this month. --- Save money and win cash prizes up to $250k weekly: https://www.flux.fina...

Australian news has made its return to Facebook, after the updated media bargaining code passed in the Senate last week. Afterpay is buying out its US investors ahead of a potential US-based IPO later in 2021. To double its revenue by 2023, Twitter has launched a subscription product where users can get paid for extra tweets. --- Download the free app: https://apps.apple.com/au/app/flux/id15260848...

Woolworths revenue has hit $35.8 billion, an increase of over 10%, as it strives to distance itself from Coles even further. Qantas has recorded a $1.1 billion loss as COVID continues to squash demand for travel. The owner of Westfield in Australia has achieved a $3.7 billion loss as malls experience drops in value. --- TikTok: https://www.tiktok.com/@flux.finance Save money and win cash prizes up...

Aussie design/tech company Canva is buying European design startups to drive the next phase of its growth. Jay-Z has sold 50% of his Armand de Brignac (aka Ace of Spaces) champagne to LVMH, the owner of Dom Perignon. LinkedIn is building a marketplace for white collar gig workers to find jobs. --- Save money and win cash prizes up to $250k weekly: https://www.flux.finance/ --- The content in this...

TikTok Australia is teaming up with Shopify - with plans to turn TikTok users into a big marketing opportunity for the e-commerce industry. SEEK is breaking up with itself and will split into two divisions, one for the OG business and the other for investing in new companies. Spotify is launching in 85 new countries as it aims to reach more than a billion new listeners. --- Save money and win cash...

The Australian Open’s TV ratings fell 30% this year as lockdowns throw live sport and TV productions and into chaos. Uber has lost a long-running legal case in the UK with ramifications for Australia, as a court decides drivers are entitled to worker rights. Foreign exchange company TransferWise is growing up and is changing its name to... Wise - as it enters the banking space in Australia. --- Sa...

Facebook’s broad ban on news impacted essential services like health departments and the Bureau of Meteorology. The Bank of Queensland is getting ready to buy rival bank ME Bank for $1.3 billion. Global debt levels have risen to 356% of GDP, which is significantly greater than where debt levels were during the 2008 global financial crisis. --- Weekly newsletter: https://www.flux.finance/newsletter...

Facebook has restricted news publishers, and everyday Aussies, from sharing or viewing Australian and international news content. Rio Tinto has given in to pressure from investors and will finally make plans to reduce the carbon emissions of its customers. One of Australia’s biggest companies, blood products giant CSL, has seen profits boom 45% thanks to major demand for flu vaccines. --- Weekly n...

Profit at Domino’s hit the $100 million mark for the first time, as Aussies embrace their pizza-loving selves. Adidas is selling Reebok to focus on its own brand 15 years after buying it for almost $5 billion. Universal Music will be spun out as its own company, and will IPO, to take advantage of rapid growth in music streaming. --- Weekly newsletter: https://www.flux.finance/newsletter Save money...

Australian media giant News Corp has its eyes on the lucrative (and controversial) Australian sports betting market. The brand that owns Corona beer is suing another beer maker for using the Corona brand name in a hard seltzer. Luxury car brands Jaguar and Land Rover will go all in on electric cars by 2025. --- Save money and win cash prizes up to $250k weekly: https://www.flux.finance/ Get your c...

Seven West Media has locked in a deal with Google to be paid for news featured in Google’s new News Showcase. Snapchat and the Australian Open have done a deal to give Aussies a behind the scenes look at the Aus Open (considering no one can actually go right now). Taylor Swift is fighting for her (music) rights by re-releasing new versions of old hits after her music was sold to a large investor....

Dating app Bumble’s first date with the share market was successful after a 77% IPO day price pop. The ACCC is investigating whether to allow NAB’s $220 million takeover of Aussie neobank 86 400 as it may be anti-competitive. Telstra is maintaining its dividend even though its profits fell 20% - but wtf is a dividend? --- Save money and win cash prizes up to $250k weekly: https://www.flux.finance/...

Hollywood has come to Australia, with around $1.5 billion in movie industry spending going on around the country currently. The forced sale of TikTok by the Trump administration has been ‘shelved indefinitely’ by... the Biden administration. Spotlight will launch 150 new stores over the next five years - even though physical retail is supposedly dying. --- Weekly newsletter: https://www.flux.finan...

Reddit has raised $320 million at valuation of almost $8 billion as it cashes in on its WallStreetBets phenomenon. Coca Cola is introducing its first bottle made from 100% recycled plastic. Australian casino company Crown Resorts has been declared not suitable to operate its new, expensive Sydney casino. --- Save money and win cash prizes up to $250k weekly: https://www.flux.finance/ Get your cred...

Furniture retailer Nick Scali will repay the JobKeeper payments it received following a healthy dose of political pressure. Electric car company Tesla has bought $1.95 billion of bitcoin and will accept it as payment in the near future. New social media sensation Clubhouse, the app for audio-only chatrooms, has been blocked in China. --- Save money and win cash prizes up to $250k weekly: https://w...

Westpac’s division that invests in early stage tech companies is set to receive a $300M payday thanks to Coinbase's IPO. China is looking into taking its digital currency global as it aims to replace the US dollar as the world’s number one currency. Green bonds, ie corporate loans that support climate-related projects, are expected to reach a record $850 billion in 2021. --- Save money and win cas...

The Reserve Bank of Australia will pin interest rates to record low rates, which could set the share market and housing market alight for years. Dogecoin, a cryptocurrency that started as a joke, is now worth billions, as meme culture intersects with finance. Aussie energy giant AGL will incur a $2.7 billion hit as part of industry wide headwinds. --- Save money and win cash prizes up to $250k wee...

Microsoft has come out swinging at Google, saying that Bing is ready to fill the gap if Google pulls out of Australia. Telstra is cutting around 1400 jobs as part of its monstrous staff retrenchment plan. Spotify has tripled the number of podcasts on its platform from 700K in 2019 to 2.2M today. --- Save money and win cash prizes up to $250k weekly: https://www.flux.finance/ Get your credit score...

Chemist Warehouse will sell low-dose cannabis products (ie CBD) to Aussies thanks to a new supply deal with a medicinal cannabis company. Amazon’s founder Jeff Bezos is stepping down as CEO as the company reports its third consecutive record profit. Aussie banks are worried that buy now, pay later companies like Afterpay have increased compliance risks for banks. --- Save money and win cash prizes...

The GameStop saga has reached Australia as traders threaten to boycott one of Australia’s biggest brokers after it suspended trading for two companies. Robinhood, the wildly popular US share trading app, has raised $3.1B in emergency funding following a user boycott. Some of Hyundai’s top executives are worried about a partnership with Apple to make its new electric cars. --- Save money and win ca...