What the Flux

Sephora Australia made a surprise financial loss last year, but still generated more sales than Adore Beauty. Food delivery giant DoorDash saw its share price skyrocket 85% in its IPO debut. US lawmakers want Facebook to sell off Instagram and WhatsApp. --- Free credit score: https://bit.ly/fluxcreditscore Start your money journey: https://www.flux.finance/ Newsletter: https://www.flux.finance/new...

Google and Facebook will be forced to pay for news content from media companies under world-first laws in Australia. Airbnb has boosted its IPO ‘price range’ as it looks to raise over $4 billion. It has been revealed that a “no deal” Brexit could destroy 300,000 jobs. --- Free credit score: https://bit.ly/fluxcreditscore Start your money journey: https://www.flux.finance/ Newsletter: https://www.f...

Village Roadshow, the owner of Warner Bros Movie World, Sea World, and movie cinemas, has been acquired for $586 million. Uber is selling its self-driving car business for over $5 billion. Rockstar Bob Dylan is selling his entire catalog of songs to Universal Music. --- Free credit score: https://bit.ly/fluxcreditscore Start your money journey: https://www.flux.finance/ Newsletter: https://www.flu...

Virgin Australia is raising the stakes in its Frequent Flyer Program war against Qantas. Both Victoria and NSW have had their credit ratings downgraded. Amazon is considering buying podcasting company Wondery for over $400 million. --- Free credit score: https://bit.ly/fluxcreditscore Start your money journey: https://www.flux.finance/ Newsletter: https://www.flux.finance/newsletter Instagram: htt...

Online Aussie book seller Booktopia has finally had its IPO - four years in the making. Afterpay’s US sales exceeded its Australian sales for the first time after Black Friday and Cyber Monday. Warner Bros. will release all of its 2021 movies on streaming service HBO Max - at the same time as in cinemas. --- Start your money journey: https://www.flux.finance/ Get your credit score: https://www.flu...

Online retailer Kogan has paid $122 million for one of New Zealand’s biggest online retailers. Korean car company Hyundai is set to launch a major push into the electric car market. Australian cashback company Cashrewards has IPO’d and is now focused on growing customers (rather than profits). --- Start your money journey: https://www.flux.finance/ Get your credit score: https://www.flux.finance/c...

Uber competitor Ola has cut most of its Australian staff and operations. The owner of KFC and Taco Bell in Australia is pivoting its focus from dine-in to click-and-collect and online delivery. Under Armour and NBA superstar Steph Curry have launched Curry Brand, a new line of clothes, shoes and basketball products. --- Start your money journey: https://www.flux.finance/ Get your credit score: htt...

To win back Aussie drinkers, Foster’s Lager is ramping up production and is launching a brand new slab. Freedom Foods, the Australian snacks, milk and cereal company, has revealed the $590 million cost of its accounting scandal. The global owner of the Topshop and Topman fashion brands has fallen into administration. --- Newsletter: https://www.flux.finance/newsletter --- The content in this podca...

China has whacked Australian wine makers with tariffs up to 212% on Australian wine imports. For the second year in a row, the Nine Network has won the Australian TV ratings. Global payments giant Stripe in talks to receive new investment at a valuation of at least $95 billion. --- Start your money journey: https://www.flux.finance/ Get insights on your credit score: https://www.flux.finance/credi...

Bega Cheese is buying Lion Dairy and Drinks - the owner of Pura Milk, Dare Iced Coffee and Yoplait Yoghurt. Book publishing company Simon & Schuster is being sold to Penguin Random House - resulting in one major book publishing company. The owner of M&M’s and Snickers is buying the owner of Kind bars to jump on the healthy snacks bandwagon. --- Instagram: http://bit.ly/fluxinsta --- The co...

Uber is considering letting its drivers in Australia bid for rides and set their own prices. A report from Oxfam has whacked several major retailers in Australia for their buying practices and low wages for factory workers. Global software company Salesforce is in talks to acquire workplace messaging app Slack. --- Start your money journey: https://www.flux.finance/ Get insights on your credit sco...

Amazon has launched Amazon Pharmacy in the US - 10 months after filing a trademark for Amazon Pharmacy in Australia. Qantas will require passengers to be vaccinated before taking an international flight. Australian logistics company GetSwift wants to relocate to Canada - but the move may be blocked by Treasurer Josh Frydenberg. --- Start your money journey: https://www.flux.finance/ Get insights o...

Telstra will start selling energy plans to consumers as it chases new revenue opportunities. The BBC and the UK’s biggest TV broadcaster ITV have launched their streaming service BritBox in Australia. An Australian investment company has collapsed after a cyber attack resulted in the transfer of $8.7 million into a random bank account. --- Start your money journey: https://www.flux.finance/ --- Th...

A delay in the Australian Open in 2021 would hurt the event’s TV broadcaster Nine. Google Pay is getting a massive redesign - and it has a brand new focus on personal finance. In order to better compete with TikTok, Snap has acquired a company that overlays your own vocals over music. --- Start your money journey: https://www.flux.finance/ Get insights on your credit score: https://www.flux.financ...

BuzzFeed is buying news website HuffPost - and the two will remain separate news brands. Insurance claims relating to COVID ‘business interruptions’ could be valid in Australia - meaning hundreds of millions could be paid out. WeWork is expanding its new 'WeWork on Demand' service internationally. --- Start your money journey: https://www.flux.finance/ Get insights on your credit score: https://ww...

News Corp has come out swinging at its annual general meeting saying it does not deny climate change. Twitter is launching a new stories-like feature that disappears after 24 hours. Duolingo has raised $48 million to expand its lead in the language education market. --- Start your money journey: https://www.flux.finance/ Get insights on your credit score: https://www.flux.finance/creditscore Newsl...

Toys R Us stores are likely to reopen next year as the company’s owner merges with toy brand Funtastic. The owner of one of the most profitable video games in history, Fortnite, has brought its legal fight against Apple to Australia. Finally Airbnb has filed for its long-awaited IPO after contemplating the idea for several years. --- Start your money journey: https://www.flux.finance/ Get insights...

Australian investors were unable to trade on the Australian share market for most of the day on Monday when the entire system went down. Afterpay and other buy now pay later platforms will be required to limit the types of customers they target under new regulations. Fitness tracking app Strava has raised $136 million after gloating about its 2020 growth rate of 2 million new users per month. ---...

The Australian government has signed a new partnership with several other countries in the world’s largest trade deal. Instagram Australia has embraced the online shopping boom by releasing a new Shop tab. Zoom competitor Hopin has raised $170 million to become the home of virtual events and conferences. --- Newsletter: https://www.flux.finance/newsletter --- The content in this podcast reflects t...

Accounting software giant Xero has told investors to take a chill pill with regard to the company’s sudden rise in profitability. It’s understood that Foxtel has received a discount from Cricket Australia for this year’s broadcast rights. Apple is transitioning away from using Intel’s computer chips for its computers. --- Start your money journey: https://www.flux.finance/ Get insights on your cre...

Universal Store will raise almost $150 million in its long-awaited IPO this week. Kogan will have its annual general meeting this week following a profit jump of 56% during the 2020 e-commerce boom. The owner of Victoria’s Secret and Bath & Body Works will announce its latest results this week after a surprise profit last quarter. --- Start your money journey: https://www.flux.finance/ Get ins...

Telstra has announced a major company restructure that will see the company split itself into three separate entities. McDonald’s has announced a brand new plant-based meat range - named the ‘McPlant’ range. Airline alliances Oneworld, Star Alliance and SkyTeam are pushing governments to replace quarantine restrictions with digital travel passes that would verify who is safe to fly. --- Flux Welln...

Streetwear brand Supreme has been acquired for $2.9 billion by the owner of Vans - VF Corp. The owner of realestate.com.au, REA Group, is beefing up its presence in Asia. Spotify is acquiring Megaphone, one of the world’s top podcast advertising platforms, for $320 million. --- Start your money journey: https://www.flux.finance/ Get insights on your credit score: https://www.flux.finance/creditsco...

Share markets skyrocketed after drug companies Pfizer and BioNTech announced their COVID-19 vaccine was 90% effective. The pet vitamins sector has become a highly competitive dog fight between industry giants Blackmores and Swisse. Australia’s biggest milk processor, Saputo, is eager to participate in the ‘consolidation’ of Australia’s dairy industry. --- Start your money journey: https://www.flux...

Streaming service Stan is creating a new sports channel after beating Foxtel for the rugby union broadcast rights. Tabcorp’s major systems outage this weekend may have cost the company over $100 million in lost betting. The Australian share market has responded positively to the fact that Joe Biden will be the next US President. --- Start your money journey: https://www.flux.finance/ Get insights...