What the Flux

Uber Eats has unveiled its new advertising format with sponsored restaurant listings in-app. NAB’s superannuation and financial advice business, MLC Wealth, is being sold to IOOF for $1.4 billion. Mobile phone retailer Amaysim is selling its energy business, Click Energy, to AGL for $115 million. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta TikTok: htt...

The owner of Warner Bros Movie World and Wet ‘n’ Wild lost $117 million last financial year. Lockdown has resulted in a major jump in sales for Arnott’s, the owner of Timtams and Shapes. Amazon has officially entered the wearables market with its new Halo wristband. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta TikTok: https://www.tiktok.com/@flux.finan...

Spotify is developing a new feature for virtual music events. Global retail giant Walmart has partnered with Microsoft in an attempt to buy TikTok. US media giant NBCUniversal has make a major investment in Australian online betting company PointsBet. --- Instagram: http://bit.ly/fluxinsta --- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal an...

Napster, the formerly notorious music sharing website, has been sold for $70m to a virtual reality concert company. FlexiGroup is rebranding to ‘humm’ and is pivoting from lending to buy now, pay later. The upcoming IPO of China’s Ant Group could be the biggest IPO in history. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta TikTok: https://www.tiktok.com/...

Accounting software giant Xero has acquired Australian lending company Waddle for an upfront amount of $31 million. Facebook will soon launch its new News feature globally, but Australia is unlikely to be included. The Australian government has killed off the $600 million sale of Lion Dairy to a Chinese company as political tensions escalate. --- Start your money journey: https://www.flux.finance/...

Queensland is set to snatch Melbourne’s AFL grand final - in a deal that could cost Victoria’s economy over $50 million. Shaver Shop’s online sales have doubled in 2020 as demand for DYI products accelerates. Silicon Valley tech darling Asana will follow Spotify and Slack with a ‘direct listing’ IPO. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta TikTok:...

Streaming service Stan is doubling down on original content, launching 30 of its own Australia-made productions. A lack of international students in Australia has contributed to Vodafone’s revenue plunge. Suncorp has announced it will stop investing in oil and gas projects. --- Instagram: http://bit.ly/fluxinsta --- The content in this podcast reflects the views and opinions of the hosts, and is i...

Qantas wants government support to break down borders and encourage intra-state travel. Vinomofo is looking to make the most of recent interest in online retailers by going public. US tech stocks are leading the way for the share market bull market - and it's affecting us down under. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta Facebook group: http://b...

Apple’s value has doubled in two years, becoming the first US company to be worth $US2 trillion. Afterpay has almost doubled its profit expectations for 2020 after better than expected loan repayments. Germany has become the latest country to trial ‘universal basic income’. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta Facebook group: http://bit.ly/what...

Australian cosmetics giant Mecca has expanded into China. Oracle, the world’s second largest software maker, has joined the race to buy TikTok. It has been revealed that Japanese officials tried to push car giants Nissan and Honda to merge. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta Facebook group: http://bit.ly/whatthefluxgroup TikTok: https://www.t...

Google has attacked the ACCC’s plans to force it to pay news publishers for content. JB Hi-Fi and Kogan have reported major rises in sales, as shoppers move online to make purchases during COVID. Diageo, the maker of Johnnie Walker and Smirnoff, is buying Ryan Reynolds’ gin company. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta Facebook group: http://bi...

Smiggle owner Premier Investments has arranged a controversial rent deal in the UK where it has 130 stores. ‘Activist investors’ are circling Channel 10 owner ViacomCBS after the company’s owner passed away last week. Woolworths’ new venture capital division has invested in another startup, search engine marketing company Longtail UX. --- Start your money journey: https://www.flux.finance/ Instagr...

Telstra will lose $200 million from lost international roaming fees this financial year. In a sign of the future for corporate Australia, Woolworths has appointed a chief medical officer. Apple has suddenly banned the wildly popular video game Fortnite from the App Store. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta Facebook group: http://bit.ly/whatth...

Facebook is creating a major digital payments network across Messenger, Instagram and WhatsApp. Australian toll road giant Transurban believes working from home is merely a phase. Tesla plans to ‘split’ its shares, making it more affordable for everyday people to buy Tesla shares. --- Free credit scores: https://www.flux.finance/ --- The content in this podcast reflects the views and opinions of t...

Coles is getting rid of its printed catalogues as more of its customers move online. Airbnb is reportedly close to filing for an IPO, a surprise considering the company recently cut a quarter of its workforce. Seek is focusing on the long-term and is investing for the future despite a $112m loss in its latest results. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly...

Apple is refusing to allow gaming apps from Microsoft, Google, and Facebook onto the App Store. Sydney Airport is raising $2 billion after losing over $50 million between January and June. Some retailers receiving JobKeeper are earning higher profits and paying increased ‘dividends’ to shareholders. --- Instagram: http://bit.ly/fluxinsta --- The content in this podcast reflects the views and opini...

Foxtel’s streaming services Binge and Kayo have added 400,000 subscribers collectively during COVID. WeChat, China’s leading social media app, has suddenly been banned in the US over security concerns. Aussie cosmetics brand Napoleon Perdis is using its second life to launch into David Jones exclusively. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta Fac...

Realestate.com.au owner REA Group has reported a 6% decline in revenue with lockdowns impacting property listings. Uber has reported a $2.5 billion loss as UberEats outperforms Uber for the first time. Myer has been given a reprieve by its lenders because of the impact of COVID on its operations. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta Facebook gr...

The ACCC has admitted that it has never penalised social media influencers for not disclosing sponsored posts. Ancestry.com is being acquired for $6.5 billion. Discord, one of the world’s fastest growing gaming apps, has raised $139 million to expand further into video communication. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta Facebook group: http://b...

Virgin Australia is cutting the Tigerair brand and 3,000 workers. Disney has taken an almost $7 billion hit in its latest financial results. Tinder added 200,000 users in the last 3 months, taking its subscriber numbers to 6.2 million. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta Facebook group: http://bit.ly/whatthefluxgroup TikTok: https://www.tiktok...

Online delivery orders for McDonald’s in Australia have hit record highs with 10% of orders now made online. Australian government MPs have said Microsoft acquiring TikTok would resolve their security concerns about TikTok. The Australian arm of German supermarket giant Kaufland lost over $250m last year before closing down abruptly pre-launch. --- Start your money journey: https://www.flux.financ...

The owner of Aussie underwear brand Bonds is rushing 4 million masks to Australia to meet demand. MasterCard, Alibaba and Blockchain Australia have united to authenticate and track food and wine using blockchain. PayPal’s profit has increased 86% as consumers shift from using cash payments in stores to online payments. --- Start your money journey: https://www.flux.finance/ --- The content in this...

A historic hearing in US Congress has put Amazon, Apple, Facebook and Google on notice, with their CEOs arguing they are not monopolies. Petrol company BP will stock David Jones’ pre-prepared meals and gourmet groceries as part of a new partnership. Donald Trump has said he will ban TikTok from operating in the United States. --- Start your money journey: https://www.flux.finance/ Instagram: http:...

Adore Beauty is preparing for an IPO, rumoured to be worth $600 million. Global e-commerce platform Shopify reported impressive results this week as its strives to dethrone Amazon. TransferWise, the money transfers company, has a new valuation of almost $7b after a ‘secondary share sale’. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta Facebook group: htt...

Telstra has accused Optus of misleading customers over the quality and reach of its mobile network. Instagram has reportedly offered cash to high-profile TikTok stars to lure them into using its TikTok clone Reels. Following its pivot from photography to drugs, Kodak’s share price jumped 300% after landing a US$765m government loan. --- Start your money journey: https://www.flux.finance/ Instagram...