Atlassian co-founder Scott Farquhar has made a major bid to acquire renewables generator Genex Power.. but they want a larger premium TikTok has applied to trademark TikTok Music, which could see TikTok start to dabble in more than just short-form video Amazon is bidding farewell to Amazon Drive - which joins a long list of other failed projects. Thanks to Natasha Gillezeau, Product Manager at Flux for co-hosting today! --- Build the financial wellbeing of your team at work with Flux at Work: ht...
Aug 01, 2022•6 min
F45, the Aussie-born fitness chain just announced a disastrous financial update and now they’re cutting 45% of their workforce Amazon just released its second quarter results and it ain't as bad as the cynics were expecting Spotify doesn't miss a beat with its revenue and users surpassing pretty much everyone’s expectations Thanks to Tash from @tashinvests for co-hosting today! --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Download the free a...
Jul 31, 2022•6 min
Westpac has announced it will cut down lending to companies in the gas and oil industries by almost a quarter by 2030 Facebook and Instagram’s parent company Meta posted its first revenue decline in history Shopify is laying off 10% of its staff after it admitted it went too hard too soon on the growth of online shopping Thanks to Maddy from You're in Good Company podcast for co-hosting today! --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Dow...
Jul 28, 2022•6 min
Myer has announced its strongest annual profit since 2017 thanks to its online shopping boom and investors are finally loving them again! Aussie healthcare startup Human has just raised $10m in the biggest seed round ever by an all female founded startup Alibaba, the e-commerce, behemoth, is looking to add a primary listing in Hong Kong to attract Chinese investors Thanks to Sophie from You're in Good Company podcast for co-hosting today! --- Build the financial wellbeing of your team at work wi...
Jul 27, 2022•6 min
April 13 2022: Afterpay recorded its first results since its acquisition by Square and it wasn't pretty. February 4 2022: Meta missed its active user target and things are looking even worse for the upcoming quarter - and the news sent shares down 22% April 28 2022: Alphabet, Google and YouTube's parent company, just released its first quarter earnings - and revenue growth slowed around 34%. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Downl...
Jul 26, 2022•5 min
Crypto exchange Swyftx and share trading platform Superhero have announced a surprise merger, which values the combined group at $1.5 billion Microsoft has agreed to buy Activision Blizzard - the company behind cult games like World of Warcraft and Call of Duty Candy Crush for $96 billion Amazon has completed its US$8.5 billion acquisition of MGM - the company behind the James Bond franchise and heaps of other blockbusters --- Build the financial wellbeing of your team at work with Flux at Work:...
Jul 25, 2022•6 min
Zip Co is going to start tightening it belt to get itself back in the black - and investors were pretty pleased. SoundCloud is expanding its new ‘fan powered royalties’ model and is partnering with Warner Music in the process. Amazon is buying a big medical company, so now it will be able to help you find a new steam mop AND a doctor. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore D...
Jul 24, 2022•6 min
Netflix has snapped up the Aussie animation studio behind legendary pieces of cinema like The Lego Movie and Happy Feet. APRA has told super funds they need to get better at assessing and managing the company valuations of unlisted companies (like Canva). Despite what Elon Musk calls 'supply chain hell', Telsa has gone and beaten profit expectations. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.l...
Jul 21, 2022•6 min
Netflix lost more than a million subscribers in the first half of this year, but they’re saying it could have been worse!? Bubs Australia, the baby formula company, has been on fire after lately - they've almost tripled gross revenue compared to the same time last year. KFC is trying out a new kind of chicky nuggie that it thinks will attract the youngins... and keep them hooked for life! --- Give us feedback via email: [email protected] Instagram: http://bit.ly/fluxinsta TikTok: https://www.ti...
Jul 20, 2022•6 min
Giant Aussie retailer JB Hi-Fi has announced record sales for the last financial year, and has pretty much smashed all the experts’ performance expectations. Snapchat has launched a web version of its app in a ploy to compete with Insta and TikTok - and drive more and more (and more) engagement. Meta (FKA Facebook) has announced a brand new feature on Instagram that will let you shop with small businesses. Directly. Through. Your DMs. --- Instagram: http://bit.ly/fluxinsta TikTok: https://www.ti...
Jul 19, 2022•6 min
ANZ has officially added Suncorp’s banking division to its cart... after saying thank u next to MYOB. Amazon had its biggest Prime Day ever last week and reckons live shopping is part of its secret sauce. Inflation in the US hit 9.1% and NZ over 7% in June, which means inflation is growing at its fastest rate in more than 30 years. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Down...
Jul 18, 2022•6 min
ANZ Bank is entering shopaholic territory as it looks to acquire both MYOB AND Suncorp’s banking arm. Spotify’s done a New York Times and bought Heardle - the musical version of Wordle for a 7-figure-sum. Shein, the fast fashion giant with a reputation for fast-fast-fast fashion is planning an IPO in by 2024… but the jury is still out. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore ...
Jul 17, 2022•6 min
Netflix is going live with its ad-supported streaming service sooner than expected - all thanks to a new partnership with Microsoft. Trade360, an investment trading platform promoted by former Australian cricket captain Steve Smith, has been closed down by ASIC. BMW is embracing the subscription game - now selling heated seat subscriptions for $18 a month. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http:/...
Jul 14, 2022•6 min
The owners of Snooze, formerly known as Capt’n Snooze, has announced their potential sale will go into nap mode because they haven’t found a buyer. YouTube TV, YouTube’s live cable streaming bundle, just hit a cool 5 million subscribers and YouTube reckons it's just getting started. Uber’s been caught red handed engaging in some questionable practices from its wild years - thanks to a huge document leak. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/flu...
Jul 13, 2022•6 min
Aussie crypto app downloads have taken a massive dive as Aussies brace for an icy crypto winter. Virgin Galactic, the world’s first commercial space line, has inked a deal with Boeing to build more ‘motherships’ to take more of us to space! J Capital Research, the activist short seller, has fired shots at a Lake Resources’ new lithium miner - calling the project is a bit of a joke. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Download the fr...
Jul 12, 2022•6 min
Hungry Jack's has announced it is ploughing $20 million in a new cafe arm to take on Maccas in the cafe game. Twitter is going to take Elon Musk to court after he announced plans to walk away from his offer to buy Twitter. The private equity giant behind Laser Clinics Australia, the massive cosmetic clinic chain, has bought out dozens of its franchisees after facing a heap of franchisee unrest. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork --...
Jul 11, 2022•6 min
Zip Co’s shares have taken another dive after investment experts announced that their customer bad debt levels are expected to rise. Netflix has given the green light to a Stranger Things spin-off series to help it build its first big entertainment franchise. Coca-Cola has been keeping some verrrry lucrative secret coal royalties on the books, but now it looks like it wants to flog ‘em. --- Build the financial health of your team at work with Flux at Work: https://bit.ly/fluxatwork Download the ...
Jul 10, 2022•6 min
Islamic Bank Australia has become Australia’s first Sharia-law-compliant bank after the banking regulators granted the company a restricted banking licence. Xpansiv - a half-Aussie global environmental commodities exchange - just received $400 million USD from one of the largest private equity firms in the world. Oil prices have dropped below US$100 a barrel for the first time in nearly two months - as investors get a ‘lil spooked about the possibility of a recession. --- Build the financial hea...
Jul 07, 2022•6 min
Sneakerboy, the boujee sneaker company, has sunk deep into administration. BYD - a Chinese company backed by Warren Buffett - has officially snatched Tesla’s crown after it sold more EVs than Tesla in the first half of this year. The new Minions movie has broken box office records in Australia and the US, and its largely thanks to a hilarious TikTok trend. --- Daily newsletter: https://bit.ly/fluxnewsletter Build the financial health of your team at work with Flux at Work: https://bit.ly/fluxatw...
Jul 06, 2022•6 min
The RBA has raised the cash rate by another 0.5% to 1.35% - and the RBA has warned that even more rate hikes are on the horizon. The ACCC, Australia’s competition watchdog, is urging the big banks to adopt new measures to protect customers against scammers. EY, the global accounting and consulting firm, has admitted that some of its audit employees cheated on the ethics portion of a key accounting exam. --- Build the financial health of your team members at work with Flux at Work: https://bit.ly...
Jul 05, 2022•6 min
TikTok Australia’s user data is under some serious scrutiny after a Liberal senator asked to see just how secure our data really is. Collection House, one of Australia’s biggest debt collection agencies, has just tumbled into administration. Meta, formerly known as Facebook, is shutting down the pilot for its digital wallet, Novi, and its asking users to withdraw their funds ASAP. --- Build the financial health of your team members at work with Flux at Work: https://bit.ly/fluxatwork Download th...
Jul 04, 2022•6 min
Seven West Media is looking to can its $450 million mega-deal with Cricket Australia over a contract breach. Apple is looking at new ways to reinvent the car experience - starting with potentially buying petrol from your car dashboard. AustralianSuper says the total of its members’ funds could reach $1 trillion in less than 20 years - which would make it one of the world’s biggest pension funds. --- Build the financial health of your team members at work with Flux at Work: https://bit.ly/fluxatw...
Jul 03, 2022•6 min
Apple and Google Android users in Australia are suing the tech companies in a class action, claiming their app store practices led to higher prices for consumers. Liontown Resources, Aussie lithium miner, has announced a whopping deal to supply Ford with a crucial electric vehicle battery material. Nike has announced results that were better than expected by pro investors, which just goes to show its big strategy shift is working. --- Build the financial health of your team members at work with ...
Jun 30, 2022•6 min
Aussie neobank Volt, which had raised tens of millions of dollars, is shutting up shop and returning deposits to customers after failing to raise funds to continue operating. Shares in ASX-listed biotech company Imugene rocketed 45% earlier this week, after it announced trial results for a new cancer treatment. The CEO and Founder of Pinterest has stepped down, handing over the reins to a Google commerce executive - and the Pinterest share price has boomed. --- Build the financial health of your...
Jun 29, 2022•6 min
Crypto exchange FTX is reportedly exploring a deal to acquire share trading behemoth Robinhood. BWX, the Aussie beauty and wellness company, has raised $23 million in equity to pay down its debts - and its share price has been whacked 38% for doing so. Netflix is planning to increase its investment in Asia after a shock first-quarter slowdown in subscriber growth. --- Build the financial health of your team members at work with Flux at Work: https://bit.ly/fluxatwork Download the free app (App S...
Jun 28, 2022•6 min
Suncorp Group is reportedly looking to bid farewell to its banking unit so that it can focus more on its insurance arm. Zendesk has agreed to sell itself for $10.2 billion in cash - only months after it declined a $17 billion offer. Carsales is looking to raise $1.2 billion from shareholders so it can buy 100% of an American commercial truck listing business. --- Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay ---...
Jun 27, 2022•6 min
The Sun Cable solar project in Northern Territory - aka the world’s largest renewable energy system - has officially been deemed “investment ready." Juul, the e-cigarette maker, has been banned from selling its products in the US. Woolies aims to show new grocery delivery startups who is boss after launching a new app that promises groceries delivered within an hour. --- Build the financial health of your team members at work with Flux at Work: https://bit.ly/fluxatwork --- The content in this p...
Jun 26, 2022•6 min
Voly, the Aussie grocery delivery startup, has had to cut staff, shut warehouses and can its 15-minute delivery promise - as the industry takes a bit of a turn. Kellogg’s is going to split itself into three publicly listed companies: snacks, cereal and plant-based meat. IKEA is rolling out a new AI-driven interactive design experience where customers can design and visualise their own living spaces - from their smartphones. --- Build the financial health of your team at work with Flux at Work: h...
Jun 23, 2022•6 min
Humm, the consumer loans slash buy now pay later company, has seen 5 of its directors step down from the board after a deal to sell the biz to Latitude Financial fell through. Naomi Osaka, the four-time Grand Slam champion, is launching a new media company with the aim of crossing cultural barriers. Microsoft is going to stop selling technology that guesses someone’s emotions based on their facial image… to get ahead of lawmakers. --- Build the financial health of your team at work with Flux at ...
Jun 22, 2022•6 min
Aussie t-shirt maker Threadheads has broken equity crowdfunding history, so now they can print more “Get on the beers” tshirts. An Australian app that aims to diagnose covid by listening to the sound of a cough has failed its final test before its potential takeover by Pfizer. Crypto lending platform Solend has seen its community vote against enabling the platform to take over a major user's account. --- Build the financial health of your team at work with Flux at Work: https://bit.ly/fluxatwork...
Jun 21, 2022•6 min
