TikTok's revenue and profit in Australia have more than doubled despite being in hot water in the Western world Nvidia, the computer chip maker, has seen its market cap hit nearly $1 trillion USD as its chippies become hot property in AI race Ford electric vehicle owners will get access to Tesla Superchargers in a major deal between two rivals that could have a huge impact on the whole industry — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the...
May 28, 2023•6 min
Milkrun, the fast delivery grocery startup has been acquired by Woolworths for an estimated $10 million. Microsoft has announced plans to allow third party developers to create AI-powered apps.. And this could become the app store of the future. Virgin Orbit is officially shutting down after losing 99% of its value in just two years. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download the...
May 25, 2023•6 min
Webjet has made a major comeback from the pandemic, with a $150 million profit turnaround over the past 12 months. Meta has sold its GIF platform Giphy to a stock photography company and copped an 85% loss on the sale in the meantime. Universal Store share prices have sunk by over 20% despite record high sales after it warned that their customers are spending less. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://...
May 24, 2023•6 min
Qantas expects to reach a record profit of nearly $2.5 billion for this financial year - more than $1 billion higher than its previous record. Bunnings has announced a move to trial a four-day workweek for its full-time workers, which could set a precedent for the whole industry. Meta has been hit with a $2 billion fine for breaching data protection rules in the European Union. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App St...
May 23, 2023•6 min
Buy now pay later companies are about to face some tough new regulation after being included in the credit laws. Instagram is planning for a US summer showdown after it plans to release a text-based app that will compete with Twitter. Apple is expected to launch its first virtual reality headset on June 5th which could be a game changer for the space.. But it comes with a pretty hefty price tag. — Help out our mates at Flying Fox: https://bit.ly/3BNvx0A Build the financial wellbeing of your team...
May 22, 2023•6 min
Xero, the accounting software, reported a loss over $100 million for the past 12 months, but it’s actually really really good news. The world’s biggest crypto exchange, Binance , is being banned by Westpac. Alibaba has announced its first results since splitting up the company into six units - and its quarterly revenue was quite the disappointment. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppSto...
May 21, 2023•6 min
Super funds are considering whether to vote against the re-election of male directors in 97 ASX 300 companies, in a push for greater gender diversity on boards. Elon Musk has told investors that Tesla will give traditional advertising a shot after always avoiding this method in the past. TikTok is pulling together a $6 million fund to pay the creators of its viral filters and effects. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app ...
May 18, 2023•6 min
Apple has teamed up with Westpac to launch its 'Tap to Pay' service in Australia, which will mean every iPhone will become a payment device. The owner of Super Cheap Auto and Rebel, reckons its brands are ready-made for tightening consumer spending. Australian banks have come together to launch a new tool to combat fraud from sophisticated scams. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore...
May 17, 2023•6 min
Aristocrat Leisure, Australia's leading gaming company, has gaming software company NeoGames in a whopping $1.5 billion deal. Hospitality tech startups Mr Yum and me&u are looking at merging to create one big Australian company to take on the world’s restaurants together. National Geographic, the TV network, is diving into the retail game business, by launching its first brick-and-mortar stores in Australia. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxa...
May 16, 2023•6 min
Pointsbet, the ASX-listed betting company, has sold its US division to Fanatics, the sports merch company backed by Jay Z. Parcel businesses are vying to get a slice of Australia Post’s infrastructure, including their boxes and lockers, to improve their own delivery services. Tesla has recalled every car that it’s sold in China, all 1.1 million of them, because of a braking and acceleration defect.. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Downloa...
May 15, 2023•6 min
Tasmania was officially granted an AFL licence a couple of weeks ago.. But the biggest sticking point is still their full name.. Which is a point of major trademark contention. Disney has seen a 2% drop in its total streaming subscriber base for the quarter and they’re pointing the finger at one of its very own platforms. Adidas is looking to sell some stock from its discontinued Yeezy partnership and donate the proceeds to charitable organisations. — Build the financial wellbeing of your team w...
May 14, 2023•6 min
PwC Australia is in damage control after its CEO and two other executives stood down after a major government tax leak. The share price of Google’s parent company Alphabet jumped by A$82 billion overnight after a single announcement, which repeated the same word over… and over.. And over. The US government is getting closer to default-day as it starts inching towards its debt ceiling.. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app...
May 11, 2023•6 min
Jenny Craig has been forced to shut down in the US and Canada and has now appointed voluntary administrators in Australia too. CBA has just announced that they will be shelving their mortgage cashback offers and waving their white flag in the mortgage wars. Amazon is introducing a new service called Amazon Everywhere that allows users to purchase physical items in games and apps. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App ...
May 10, 2023•6 min
We've trawled through the 900+ pages of the Federal Budget to give you a highlights package. Hear about all the winners and losers and our thoughts about the Federal Budget for 2023. We cover all things: Cost of living packages Medicare incentives Big investments in the hydrogen economy — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGo...
May 09, 2023•6 min
The owners of 7-Eleven Australia have put the brand up for sale and the future of 7-Eleven could look a whole lot different. Atlassian’s shares have tumbled over 10% in after-hours trading after Atlassian warned of slowing growth for the upcoming quarter. Vice, the youth media outlet is preparing to file for bankruptcy after years of declining profit. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxApp...
May 08, 2023•6 min
Google and Facebook made $8.3 billion in digital advertising in Australia in 2022, but only paid a teeny tiny portion of that in tax thanks to some crafty accounting. NAB’s share price dropped nearly 8% despite a record earnings over $4 billion for the six months to March because investors had a few concerns. Airbnb goes back to its roots to accommodate shrinking budgets with Airbnb Rooms, their new offering where people can rent private rooms within a house. — Build the financial wellbeing of y...
May 07, 2023•6 min
Boozebud, the Australian online bottle shop has collapsed after it had insufficient funds to continue operating the business. Uber has announced a major jump in revenue largely thanks to its ride-hailing and delivery businesses. PepsiCo is launching a new no-sugar sparkling water, Bubly, in Australia despite a tightening economy as its sales keep on, keeping on. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit...
May 04, 2023•6 min
Seven West Media is in a world of pain as the free-to-air ad market continues to tumble quarter on quarter. Mercedes-Benz has turned to its Formula One team for help in building more efficient mass-market electric vehicles. Bluesky, the Jack Dorsey-backed Twitter alternative, has seen demand far exceed its limited invite-system - leading to high prices for exclusive invites. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store...
May 03, 2023•6 min
Canva is looking likely to delay its annual employee share sale until the tech industry rebounds. US regulators have taken control of First Republic Bank and then sold it to JP Morgan, one of its biggest competitors, in one of the biggest bank collapses in US history. Amazon shares rose more than 10 per cent after its quarterly report smashed sales projections… but then dropped into negative territory after the follow up conference call. — Build the financial wellbeing of your team with Flux at ...
May 02, 2023•6 min
Coles has put its Coles Radio account up for tender as it attempts to increase revenues from the lucrative $1 billion retail media advertising sector. Providoor, the online marketplace for high-end restaurants, has shut down and entered liquidation . Aussie retailer Best & Less has received a takeover bid from two retail leaders with an offer less than its current share price. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App...
May 01, 2023•6 min
A big loophole in Australia’s online gambling industry is about to finally be closed. Microsoft’s $69B USD takeover of Activision is in trouble after UK regulators blocked this potentially monumental gaming deal. American coffee-maker, Moccona, is suing Aussie coffee-maker Vittoria over the use of a glass jar. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play):...
Apr 30, 2023•6 min
Kirin, the Japanese beer behemoth has made a $1.9 billion takeover bid for Blackmores, Australia's largest vitamins group. Meta’s shares have popped 12% after they saw an unexpected increase in sales for the first quarter. Coca Cola is leveraging AI to boost their business operations and stay ahead of competition. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Pl...
Apr 27, 2023•6 min
The former head of the Australian Competition and Consumer Commission reckons that AI companies should be paying for news content from Australian publishers. Google’s parent, Alphabet, saw its revenue beat expectations thanks to Google Ads, Youtube Ads and Google Cloud. PepsiCo has kicked off 2023 with a big fizz after its first quarter beat all expectations thanks to major growth in the Indian market. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Down...
Apr 26, 2023•6 min
Swisse vitamins’ had a very strong quarter of sales after using social media comedians, the Inspired Unemployed, to help boost their new products. BuzzFeed is shutting down its news division and cutting another 15% of staff after a tough 12 months for digital news publishers. IKEA is planning a global expansion with a plan to spend $2 billion to expand in the US, which is its biggest investment in a single country. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fl...
Apr 25, 2023•6 min
The CEO of $US1.3 billion Aussie startup Linktree has said Linktree is not dead in the water after Instagram copied its most popular feature. Michael Hill, the Aussie jewellery retailer , has acquired its rival Bevilles for $45 million. Netflix has announced some underwhelming quarterly results after its growth slowed.. But it’ll still be cracking down on its password-sharing… shortly. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app...
Apr 23, 2023•6 min
The Reserve Bank of Australia is looking likely to receive a big change with two boards instead of one in a maaaajor overhaul by the Treasurer. Silk Laser, the skin and laser clinic, is in talks with Wesfarmers’ API for a $169 million takeover bid. Apple has opened its first Apple store in India as it pushes hard to find a new bestie and push production away from China. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): ht...
Apr 20, 2023•6 min
Rugby Australia is looking for raise $250m from private equity firms globally after seeing the success of New Zealand Rugby. Samsung is considering replacing Google Search with Microsoft’s Bing as the default search engine on its devices. Online retail marketplace, Temu, has set its eyes on launching in Australia after being the most downloaded app in the US. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly...
Apr 19, 2023•6 min
Sega has acquired the maker of Angry Birds for $776 million USD to grow its presence in the mobile gaming market. Scams are now costing Australians more than $3 billion a year - but the real figure is likely much much higher. Apple has introduced a high-interest savings account to push deeper into financial services. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google...
Apr 18, 2023•6 min
Coles, Harvey Norman and Myer credit card customers have had their private data exposed in Latitude Financial’s recent cyberattack. Netflix, Paramount and Amazon may be required to spend up to 20% of their Australian revenue on new Australian programs. Disney’s latest animated release, Strange World, has lost the studio almost $300 million USD because families prefer to watch on Disney+. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free a...
Apr 17, 2023•6 min
Coles and Uber Eats have announced their very own one-hour grocery delivery service - days after the collapse of MilkRun. Twitter is launching a new way for users to charge for access to their content - to keep creators happy and let them add another revenue stream. Aussie fashion start-up, AirRobe, is launching a new program with the aim of making selling second-hand clothes a little easier — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the fr...
Apr 16, 2023•6 min
