Woolies has thrown a last-minute bid to acquire the owner of pharmacy chain Priceline - an offer that tops Wesfarmers’ offer from a month ago. Payments platform Square is changing its name to Block from December 10 - possibly after getting FOMO from Meta. Medical tech startup Harrison.ai has raised $129 million in one of the largest funding rounds ever for an Aussie startup. --- Sign up to the Flux app to be in the $1,000 Giveaway. Promo code: 1grand Novem...
Dec 02, 2021•6 min
Netflix will finally start paying tax on its $1 billion-plus Australian subscriber revenue, as it converts to a local entity structure. Aussie media giant Seven West Media has invested around $10 million into micro-investing platform Raiz. The UK’s antitrust watchdog has ordered Facebook (aka Meta) to sell Giphy. --- Sign up to the Flux app to be in the $1,000 Giveaway. Promo code: 1grand November = Flux Savings Month: https://bit.ly/flux-savings-month Sav...
Dec 01, 2021•6 min
The corporate regulator has launched 6 lawsuits against Westpac for allegedly charging dead customers financial advice fees. Mr Yum, the Aussie mobile ordering platform, has raised a whopping US$65 million - after the pandemic and social distancing increased its adoption. Twitter co-founder Jack Dorsey has stepped down from his role as CE .and is passing the reins to the company’s chief technology officer. --- Sign up to the Flux app to be in the $1,000 Giveaway...
Nov 30, 2021•6 min
Channel 7 and Channel 9 have both claimed victory in the 2021 TV ratings battle... and they’re both right depending on which way you look at it. The new covid variant, Omicron, has caused major sell-offs in share markets - in Australia and around the world - as investors panic. The augmented reality platform that developed Pokemon Go, Niantic, is now valued at US$9 billion (and is obviously now a ‘metaverse’ company). --- Sign up to the Flux app to b...
Nov 29, 2021•6 min
QSuper has been sued by its members in a class action because members believe they were overcharged for life insurance fees. Nike has created its own virtual world named Nikeland inside the online video game platform Roblox. Zoom’s share price tanked 15% last week - even though the company reported better-than-expected earnings. --- November = Flux Savings Month: https://bit.ly/flux-savings-month Save money and win cash prizes up to $250k weekly: https://www.flu...
Nov 28, 2021•6 min
Homewares retailer Adairs has acquired Focus on Furniture for $80 million in a play to expand into the furniture and bedding industry. Rest Super has become the first super fund to announce it will invest a portion of its funds in crypto assets. Tinder’s owner, Match Group, will expand beyond the digital dating world into the physical world by introducing human matchmakers to its service. --- November = Flux Savings Month: https://bit.ly/flux-savings-month Save ...
Nov 25, 2021•6 min
Vodafone is trying to compete head on with NBN by cutting prices on its 4G and 5G internet plans. Life360, a family tracking app has acquired key and wallet finder app Tile for nearly $300m. Spotify is partnering with Netflix to create a ‘Netflix Hub’ to help listeners browse soundtracks from Netflix shows. --- November = Flux Savings Month: https://bit.ly/flux-savings-month Save money and win cash prizes up to $250k weekly: https://www.flux.finance/win-the-week Get you...
Nov 24, 2021•6 min
Aussie telcos, including Telstra, Optus and TPG are in the firing line after streaming giants and film studios are suing them over piracy concerns. Twitter is getting into the e-commerce game by launching a livestream shopping event, with a US department store. The former CEO of market-darling Theranos has hit the courts, in the highest-profile fraud case to come out of Silicon Valley. --- November = Flux Savings Month: https://bit.ly/flux-savings-month Save money and...
Nov 23, 2021•6 min
Several industry superfunds could become insolvent from January, thanks to a new law that stops them from using members’ cash to pay fines. Crown Resorts could open its books to private equity behemoth Blackstone, in the hope it will convince Blackstone to up its latest $8.46 billion bid for the company. Graphics company Nvidia has announced another quarter of record sales ($9.8B) following unparalleled demand for videogaming, data centers and the ‘omniverse’. &nb...
Nov 22, 2021•6 min
Optus has won the rights to be the exclusive broadcaster of English Premier League football for the next six seasons, winning a ‘blind auction’. Apple is ramping up its electric car plans and is refocusing the project around full self-driving capabilities - aiming to become the no.1 player in the industry. Staples Centre, the Iconic Los Angeles sports arena, will rebrand to Crypto.com Arena after the crypto exchange bought naming rights for a rumoured US$700M. --...
Nov 21, 2021•6 min
CommBank shares had their biggest single-day drop since March 2020 earlier this week, as investors worry about competition in the mortgage space and the record low cash rate. Nestle expects to almost double e-commerce sales to 25% of total company sales by 2025 - by pushing sales to consumers directly via its own online channel. Crypto fans are uniting to spend millions of dollars worth of crypto to bid for an original copy of the US Constitution. --- November = Flux ...
Nov 18, 2021•6 min
Aussie bank Macquarie wants to shake up Australia’s property market by spending $500m on new ‘build-to-rent’ complexes around Australia. Revenue at Warner Music, the record label of Dua Lipa and Ed Sheeran, has increased by 22% thanks to TikTok and fitness platform Peloton. Casper, the OG ‘mattress in a box’ retailer, is going private again - less than 2 years after they went public via a big splashy IPO. --- November = Flux Savings Month...
Nov 17, 2021•6 min
Telstra is fighting back against energy retailers that sell internet and telco services, stating it will begin selling energy and gas to Aussies by June 2022. Zoomo, the Aussie startup that builds e-bikes and offers subscriptions to gig workers and couriers, wants to be the next big electric vehicle company after raising US$60 million. Disney, which owns sports network ESPN, is considering entering sports betting to boost its entertainment business as its Disney+ streaming numbers ...
Nov 16, 2021•6 min
The High Court of Australia has refused to hear Volkswagen’s appeal against the record A$125 million fine imposed on it after deceiving customers about the environmental performance of its cars. Taylor Swift has re-released her 2012 album Red, and as a result the balance of power between record labels and musicians could be starting to shift. Beyond Meat has admitted that demand for its products is slowing at restaurants and supermarkets, indicating the industry could be appr...
Nov 15, 2021•6 min
Victoria’s Secret has been sued by the company that owns Kayla Itsines’ Sweat, for allegedly copying its trademark. Coffee brand De’longhi Australia has gone direct-to-consumer with its first ever luxury coffee lounge. Amazon has opened a 35,000 square foot supermarket with no cash registers - suggesting the company is serious about dominating the grocery market. --- November = Flux Savings Month: https://bit.ly/flux-savings-month Save money and win ...
Nov 14, 2021•6 min
Just 7% of Aussies who found out they were in a dud superannuation fund actually did something about it, according to a new report from APRA. Aussie logistics company GetSwift has been found to have made misleading statements on their sharemarket updates. Electric vehicle maker Rivian Automotive has had the world’s biggest IPO for 2021. --- November = Flux Savings Month: https://bit.ly/flux-savings-month Save money and win cash prizes up to $250k weekly: https:/...
Nov 11, 2021•6 min
Auction clearance rates have declined over the last few weeks across Australia, meaning the property market could be cooling down. Global giant GE will break itself into three companies - focused on aviation, healthcare and energy - following years of company underperformance. OpenWeb, a platform used by publishers to manage social media comments, has become a $1B unicorn - as publishers realise the importance of relationships with their communities. --- November = Fl...
Nov 10, 2021•6 min
Amazon Prime Video’s Australian arm has announced plans to aggregate rival on-demand video and streaming services in one spot. Entertainment company Live Nation has seen its shares drop by nearly 10% following Travis Scott’s Astroworld concert. The unique collab between Tiffany and Supreme launches this week, and it is expected to boost brand awareness for both companies. --- November = Flux Savings Month: https://bit.ly/flux-savings-month Save money and w...
Nov 09, 2021•6 min
Aussie plant-based food maker v2food is rolling out plant-based food in China with new culturally-relevant meals. IKEA is set to launch a second-hand marketplace for Aussies to buy pre-loved furniture in early 2022. Nike has gone on a trademark spree, a signal that the company could be preparing to sell virtual footwear in the metaverse. --- November = Flux Savings Month: https://bit.ly/flux-savings-month Save money and win cash prizes up to $250k weekly: https://www....
Nov 08, 2021•5 min
An Aussie crypto ETF launched on the ASX and became the largest traded ETF on opening day. Eco friendly footwear and clothing company Allbirds listed on the share market and saw shares soar by almost 93% on its first day of trading. Luxury goods company Chanel is hiking its prices on some of its most popular stock ahead of the Christmas period. --- November = Flux Savings Month: https://bit.ly/flux-savings-month Daily newsletter: https://bit.ly/fluxnewsletter Save money and win cas...
Nov 07, 2021•6 min
Online bookshop Booktopia has launched an eBook subscription service to capture more recurring book readers and recurring revenue. Microsoft is entering the Metaverse with new 3D Avatars for your next Teams meeting Bittersweet news from BMW who reported better-than-expected quarterly earnings...but their car deliveries have dropped off. --- November = Flux Savings Month: https://bit.ly/flux-savings-month Save money and win cash prizes up to $250k weekly: https:/...
Nov 04, 2021•6 min
CommBank will let its customers hold and use bitcoin via its app to attract to young customers and keep up with PayPal and Square. Zoom is introducing a pilot advertising program that will show ads to users on its “Basic” free tier. Estée Lauder sales have increased by almost $1B (USD) as consumers return to physical stores in search of that post-pandemic glow. --- November = Flux Savings Month: https://bit.ly/flux-savings-month Save money and win c...
Nov 03, 2021•6 min
Following a pivot during covid, Betty’s Burgers has sees sales rise big time, proving to be a winner for its owner Retail Zoo, which also owns Boost Juice. At-home exercise company Peloton is bringing gym classes to airplane flights through a new partnership. Epic Games is shutting down its efforts to bring highly popular video game Fortnite to the Chinese market following continued regulatory scrutiny. --- November = Flux Savings Month: https://bit.ly/flux-savi...
Nov 02, 2021•6 min
David Jones has achieved its first net profit since 2018 - breaking a three-year streak of losses, partially thanks to JobKeeper. Channel 7 owner Seven West Media has finally acquired regional broadcaster Prime Media for $132 million, 2 years after Seven first tried to buy Prime. The parent company of popular survey tool SurveyMonkey has been acquired for around $4.13 billion (US) by Zendesk. --- Save money and win cash prizes up to $250k weekly: https://www.flux.fina...
Nov 01, 2021•6 min
Coke is ending its cider and beer brands in Australia as the company’s new owner sets a fresh strategy. After sustained backlash against its brand, the corporate entity behind Facebook (and Instagram and WhatsApp) has a new name - Meta. Oil giant Shell missed its expected profit numbers for the last 3 months, as the company battles to transition towards renewable energy. --- Save money and win cash prizes up to $250k weekly: https://www.flux.finance/win-the-week...
Oct 31, 2021•6 min
Coles is predicting that Aussies will spend up big this Christmas in a post lockdown spending spree. Aussie shopping centre company Vicinity has taken a near 20% stake in the owner of Click Frenzy, as the two companies unite to make the most of their appeal to consumers. LinkedIn has launched a global freelance platform to compete with UpWork and Fiverr. --- October = Credit Score Restore Month: https://bit.ly/2Yuxu1F Save money and win cash prizes up to $250k weekly:...
Oct 28, 2021•6 min
Commbank’s Dollarmites program, which turned students into bank customers, has been cut by the bank, following pressure from state governments and ASIC. Kim Kardashian-West’s shapewear line Skims is collaborating with luxury fashion brand Fendi to launch a new women’s collection. Adobe has launched a new tool to help social media users identify whether an image has been manipulated or not. --- October = Credit Score Restore Month: https://bit.ly/2Yux...
Oct 27, 2021•6 min
Facebook will make big changes and focus more on Reels to make Facebook and Instagram more appealing to users aged 18-29. The co-founder of online retailer Stylerunner is launching a new women’s shopping app to disrupt the digital coupon industry Amazon founder Jeff Bezos’ Blue Origin wants to launch a space station that will house up to 10 people in the second half of this decade. --- October = Credit Score Restore Month: https://bit.ly/2Yuxu1F Save money...
Oct 26, 2021•6 min
ANZ Bank is betting against buy now, pay later with its $100m bid to acquire cash back company Cashrewards. Marley Spoon is expanding into pet food delivery to cater for the big number of families that bought pets during the pandemic. Following news it would help launch Donald Trump’s new social media platform, a ‘special purpose acquisition company’ (SPAC) saw its shares rise 400% last week. --- October = Credit Score Restore Month: https://bit.ly/2...
Oct 25, 2021•6 min
Woolworths, Coles and Aldi are rolling out vaccine mandates to protect shoppers and staff from COVID-19. EA Games and FIFA are ending their 3-decade-long relationship, which has produced some of the most profitable video games ever. Snapchat’s shares fell nearly 25% last week after it acknowledged its ad business “was disrupted” by changes to Apple’s latest privacy terms changes. --- October = Credit Score Restore Month: https://bit.ly/2Yuxu1F ...
Oct 24, 2021•6 min
