What the Flux

The owner of Woman’s Weekly and New Idea magazines is bringing back Elle and Girlfriend in digital form. Former YouTube rival Vimeo has raised over $200 million to potentially ‘divorce’ its parent company. Homegrown packaging giant Amcor is living its best life thanks to a boom in US grocery sales during lockdowns. --- Flux Wellness Month: http://bit.ly/fluxwellnessmonth Start your money journey:...

Online tradie platform HiPages will have its long-awaited IPO this week - valued up to $318 million. This week, WeWork and Uber investor SoftBank will announce its latest financial results - but what will it do with its $110 billion in cash? Preserving Indigenous sites will be on the agenda at Australian mining giant Fortescue Metal’s annual general meeting this week. --- Flux Wellness Month: http...

Domino’s expects sales to ramp up in Europe as the second wave of COVID forces restaurants to close. Crocs is making a comeback thanks to celebrity partnerships - including a big one with Justin Bieber. Gina Rinehart’s company Hancock Prospecting earned $4 billion in profit last financial year. --- Flux Wellness Month: http://bit.ly/fluxwellnessmonth Start your money journey: https://www.flux.fina...

Woolworths’ sales have increased by 12% thanks to a boost in online sales and its Ooshies giveaways. Australia’s Eftpos is buying payments app Beem It, which is owned by 3 of the big 4 banks, to expand into the digital wallets space. China has suddenly halted the record-breaking IPO of Alibaba’s Ant Group. --- Flux Wellness Month: http://bit.ly/fluxwellnessmonth Start your money journey: https://w...

The Reserve Bank has cut the official interest rate to 0.10% and has announced a ‘quantitative easing program’. Westpac is preparing for a $6.2 billion hit from potentially bad loans in 2021. An Australian super fund has settled a lawsuit with one of its members for failing to protect his retirement savings from the financial impacts of climate change. --- Flux Wellness Month: http://bit.ly/fluxwe...

Optus is buying mobile phone plan retailer Amaysim for $250 million. 171 year-old Australian finance company AMP has received a takeover offer from a US company. Under Armour is selling popular app MyFitnessPal for $490 million. --- Flux website: https://www.flux.finance/ --- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial u...

Carsales, Australia’s biggest online car classifieds business, is making the big move into what it calls “mobility as a service”. Revenue at Atlassian went up 26% between July and September, but it still reported a financial loss. Trendy e-cigarette maker Juul has cut its valuation to $14 billion - down from $54 billion in 2018. --- Newsletter: https://www.flux.finance/newsletter --- The content i...

Flight Centre will have its 'annual general meeting' this week - following its disastrous $849 million loss earlier this year. PayPal will be announcing its latest results and we can expect some pretty delightful news after a massive surge in user growth over the last few months. Japanese video game company Nintendo will report its latest financial earnings this week... and let’s just say, it coul...

Global beer company Heineken is buying the Australian rights to sell several big name beer brands (from Asahi). Profit at ANZ Bank has fallen by 42%, partially due to suspected ‘ghost loans’. Amazon-owned Audible is further expanding into podcasts by adding around 100,000 new podcasts. --- Flux Wellness Month: http://bit.ly/fluxwellnessmonth --- The content in this podcast reflects the views and o...

Aussie pre-packed meals company My Muscle Chef has received $100 million in investment as it aims to sell 1 million meals per week. Shopify is partnering with TikTok to attract more merchants to site - and to fight off Facebook. Europe’s biggest tech company (by sales), SAP, had almost $50 billion in company value wiped off this week. --- Flux Wellness Month: http://bit.ly/fluxwellnessmonth --- Th...

Australian startup Linktree has raised $15 million for its user profiles that you may have seen on Instagram when checking ‘link in bio’. Global consumer products company P&G is enjoying its best growth in over 10 years thanks to a 2020 hygiene revolution. COVID has resulted in major jumps in revenue for game and toy makers, particularly Hasbro (Monopoly) and Mattel (Barbie). --- Flux Wellness...

Coca-Cola Amatil, the owner of the local rights to sell Coke, has received a takeover proposal worth over $9 billion. As Netflix’s subscriber growth slows down significantly, the company is turning to Asia-Pacific countries for future growth. Global bank Goldman Sachs will pay over $4 billion in fines after pleading guilty to its role in bribing Malaysian officials. --- Start your money journey: h...

Australia Post’s CEO is standing aside after it was revealed that employees were given watches worth $20k as a “thank you”. Coca-Cola is saying goodbye to 200 of its brands (ie. half of its portfolio). PayPal customers will soon be able to buy, sell and spend with cryptocurrencies when using their PayPal accounts. --- Start your money journey: https://www.flux.finance/ Get insights on your credit...

Australian casino and gambling company Crown Resorts is facing an inquiry into money laundering breaches. Google has been hit with the biggest tech anti-monopoly lawsuit since Microsoft back in the 1990s. After raising $2.5 billion, streaming service Quibi is shutting down just months following its launch. --- Start your money journey: https://www.flux.finance/ Get insights on your credit score: h...

Australian plant-based meat company v2food has locked in $77 million in new funding to go global. NAB is facing a $15 million fine after a court found the bank guilty of accepting unlicensed loan referrals. Amazon will pay consumers for information about what they’re buying outside of Amazon. --- Start your money journey: https://www.flux.finance/ Get insights on your credit score: https://www.flu...

Afterpay will start offering savings accounts in 2021 as it makes its move towards banking. To boost diversity in its workforce, Starbucks is aligning diversity goals to the pay of its executives. Twitter and Facebook’s moves to moderate news in the lead up to the US Election is impacting revenue and consumer trust. --- Start your money journey: https://www.flux.finance/ Get insights on your credi...

Australian mining magnate Andrew Forrest has bought RM Williams for $190 million. Chemist Warehouse has doubled its online sales during COVID as customers get used to ordering healthcare products online. Payments giant Stripe is acquiring a Nigerian startup known as “the Stripe of Africa”. --- Start your money journey: https://www.flux.finance/ Get insights on your credit score: https://www.flux.f...

Virgin Australia’s CEO has suddenly resigned and will be replaced by the former CEO of Jetstar. Fast-fashion leaders H&M and Zara are under attack from China’s fast-growing giant Shein. To gain more market share, Nine Entertainment is relaunching its Drive brand and is retiring its Car Advice brand. --- Start your money journey: https://www.flux.finance/ Get insights on your credit score: http...

Coles is preparing for record Christmas sales as international travel bans force millions of Australians to holiday at home. Zoom is launching a new events marketplace and an App Store-like ecosystem of apps. Kahoot has picked up $300 million from WeWork investor SoftBank for its gamified learning platform. --- Newsletter Giveaway: https://www.flux.finance/newsletter Start your money journey: http...

Austrac has completed an audit into Afterpay’s compliance and “will not be taking any further action”. Apple’s company valuation dropped by $113 billion after it unveiled its first 5G iPhones. Twilio, the company that sends text messages for Uber and Airbnb, has make a $4.5 billion acquisition. --- Get insights on your credit score: https://www.flux.finance/creditscore Newsletter Giveaway: https:/...

Disney is totally reorganising its company, with its media and entertainment business to play second fiddle to its new streaming business. Bank Australia has banned its customers from gambling with its credit cards. Tourism Australia has launched a major domestic marketing campaign with a $7 million, 60-second commercial. --- Newsletter Giveaway: https://www.flux.finance/newsletter Start your mone...

Commonwealth Bank’s logo is getting its first makeover in 30 years as the bank strives to reflect Australia’s “measured optimism”. Australian logistics giant Toll is investing in e-commerce delivery services and “dark stores” to compete against Australia Post. Last week over 800 Coles supermarkets had to turn away customers after an unidentified technical issue. --- Newsletter Giveaway: https://ww...

Australian entrepreneur Dick Smith has been caught up in an online scam that promotes a fake cryptocurrency. IBM is spinning off a $26 billion part of its business to focus on a new opportunity in ‘the cloud’. Payments company Square has bought over 4,000 bitcoins for $70 million, believing it will be a ‘ubiquitous currency’. --- Newsletter Giveaway: https://www.flux.finance/newsletter Start your...

Adore Beauty is raising almost $270 million through its upcoming IPO, delivering a $92 million payday for the company’s founders. Apple is ending its relationship with Sonos and other audio retailers as the company enters the ‘out of ear’ headphone space. Ikea is opening 50 new stores even as shoppers move online. --- Newsletter Giveaway: https://www.flux.finance/newsletter Start your money journe...

Following its successful collaboration with rapper Travis Scott, McDonald’s is partnering with music artist J Balvin for another celebrity meal deal. News Corp has backed away from its criticism of Big Tech, as Google and Facebook open their wallets to news companies. Aldi will cut its use of plastics by 2025, as customers demand the company does better by the environment --- Newsletter Giveaway:...