This is what the Flux I'm Brett and I'm Justin and Black Friday, the twenty ninth of.
No very nice Dozy Boy. It is Black Friday, flux Fam, so no surprise if you're furiously shopping on your phone while listening to the pod this morning. In fact, ozzies are expected to spend over seven and a half billion dollars on Black Friday deals, so Flux Fam, make sure to take a deep breath, maybe two or three before kicking off your Black Friday spending.
Eighty percent ends up in the rubbihminbe Man. Thank you of Flex Friday. We've just dropped an article in the Flux app about how to make the most of the Black Friday sales. Rule number one. Just because it's a good deal, it's not good enough to purchase something, but we have a whole lot more in store for you as well, so make sure to check out the Flux app before you go on your buying Spray.
Three highly beneficial stories today. Juzzy Boy, Let's do it for our first air Tasker has raised more than twenty six million dollars to grow its brand in the US and UK, but it has not raised cash so a.
Tasker raised, but not money some type of riddle. Wee man, tell me what's to go here?
Well, Juzzyboy. Air Tasker is the online marketplace to outsource everyday tasks.
User describe a task and then air Tasker's bid to complete the task.
And people have asked air Taskers to do a whole range of regular.
Tasks like help me move furniture.
There's also some completely bizarre requests like dress my persion cast or pretend to be my girlfriend in front of my parents.
The air Tasker was founded back in twenty twelve and it listed on the ASEX in twenty seventeen. Now it has plans to expand aggressively in the US and the UK.
So Jazzy Boy air Tasker has raised more than twenty six million dollars from media groups in the US and the UK, including iHeartMedia in the US.
But man, here's the plot twist. This isn't a traditional cash injection.
Oh no, no, no, my little friend over there. This is in the form of a media for equity deal or media capital Interesting, So what is the key learning here? Media for equity is an investment model where a company gets media coverage in exchange for issuing shares in that company.
You see the Man.
Advertising can be expensive and media companies often have leftover TV or radio spots that they need to fill. So by swapping ad slots for equity, everybody wins. The brands build awareness, and media companies get a stake in the company's success, and Air Tasker gets to promote its Persian Cat costumes to even more people.
And be man. In twenty twenty four alone, Air Tasker's raised more than fifty one million dollars in media capital. They are the only company going down this route though, Nope. We've seen Bookie Points Bets sign a five year partnership with US media company NBC Universal.
We also saw Raise the Investment Platform sign a media for equity deal with seven West Media, so be Man.
This deal will hopefully help Air Tasker drive its brand awareness in very new markets.
For our second story, a Webjet is in the firing line after the A Triple C has alleged that Webjet advertised flights and then requested additional payments after the booking had been confirmed.
Webjet hitting some turbulencmas the worst tind so what is going on here?
Well, Webjet was founded in nineteen ninety eight and is going to become one of Australia's largest online travel agency and be man.
Earlier this year it actually emerged from its beta, the hotel platform Webbeds, which became a totally separate company.
But now the A Triple C has taken Webjet to court over misleading and deceptive conduct.
They claim that between twenty eighteen and twenty twenty three, Webjet allegedly advertised airfares that excluded fees.
Nothing worse than getting whacked with an additional fee after you feel like you've already paid.
But it gets worse, be man because in some cases Webjets sent it email to customers confirming the booking and then requested additional payments of seven hundred and seventy dollars to complete the bookie.
That's right, flax fam seven seven zero dollars and be man. That is why the A Triple C is come and knocking. And after this warning the shares of Webjet dropped more than six percent. Wowee, So what is the key learning here?
Nothing spooks investors are like a regulator poking its head around.
To see jazzy boy.
When the A Triple C comes knock and uncertainty tends to skyrocket. That's because of the uncertainty around the potential penalty.
As well as the implications for the business.
Well there being assid fine, do we need to overhaul the business model?
Is there an entire department missing the memo on what is acceptable?
For example b Man. In September last year, the hriable C announced an investigation into Quantus's ghost fights.
And I do recall the fine was potentially up to six hundred million dollar dudas.
Next minute, Quantits's share price dropped around two percent.
But when the ahable C actually announced the penalty, juzzy boy of one hundred and twenty million dollars investors actually responded positively.
In fact, after the penalty was announced, quantas a share price actually increased.
So Webjet will be hoping this deal gets done swiftly so at share price doesn't cop another beating.
For our third and final story, Donald Trump has threatened a huge trade war with Mexico, Canada and China after threatening them with woppin tariffs.
Nothing quite like firing shots at your biggest trading partner even before coming into power. Again, tell me more, Okay, So we know.
Donald Trump won the US election in early November.
And since then he started to give some not so subtle hints on his plans while in office.
Like appointing Elon Musk to a new department for government efficiency called DOGE.
And now juzzy boy Trump is worn that he'll be whacking some major tariffs on some of the US's biggest trading partners.
Yep, he said he'll slap a twenty five percent tariff on Canadian and Mexican product.
If they don't stop the flow of migrants and illicit drugs across the US border.
And he'll slap a ten percent tariff on Chinese product.
If they don't stop the trafficking of fentanyl into the US and be man A.
Trump warned that these tariffs will remain in place until they listen to his demands.
But Jazibay, the Mexican president, has said that she will whack her own tariffs on the US.
And China said nobody wins a trade war, so what is the key learning here?
A trade war happens when countries impose tariffs or other restrictions on each other's goods. You put a tariff on me, Oh, put a bigger tariff on you, we put a bigger tariff on me, Well, I'll hit you even harder.
It's kind of like an economic tug of war where each side tries to gain the upper hand and jaziboie.
While this might seem like a way to protect the country's own industries, the will losers are off from the end consumer.
For example, b Man, the US purchases nine hundred and twenty billion US dollars worth of goods from Mexico and Canada each year.
While Mexico is the number one exporter of many fruits into the US like raspberries and tomatoes and avocada.
And so the tariffs are raised, you can bet that retailers that will be passing those costs onto consumers.
Like you and me and every US citizen yep, and those avocados are going to be worth their weight in gold or crypto.
So ultimately, be man. If this does turn into a trade war, it will create ripple effects across the whole economy. Indeed, fluxaming here is a fun back for you. Eighty percent of Black Friday purchases that go to waste within twelve months. This Black Friday check out our article in the Flux app all about how to best approach Black Friday and not make those wasteful purchases. Make sure to download the Flux app to check it out and win at money.
Thanks for listening, and we'll see you on a Monday