This is what the Flux. I'm brand Justin and it's Friday, the twelfth of July. Douzy boy.
Remember when there was talk about the great resignation post COVID. Well, the Australian Bureau of Statistics has recorded a decrease in job mobility for the first time in three years. In the twelve months to feb twenty twenty four, up to eight percent of Ossies changed their employer, which was down from nine and a half percent last year.
So I didn't just stabilize. Uh huh the man. Last week we dropped our hundred bucks on our weekly quiz quick Sticks and it went berserk. We're gonna do it again. One hundred bucks for the first person to answer five questions correctly in the Flux app at a random time today. Wow, to make sure to download the Flux app and have your notifications on.
Three free money stories today, Juzzy boy. For our first Ossie retailer, The Good Guys is alleged to have failed to provide store credits to thousands of eligible consumers and now the ahriable c wants to have their way with them.
So not such good guys after all. Sure you could see that guy coming. What's going on here? Well?
The Good Guys is the electronics and appliances company that started in nineteen fifty two in Melbourne.
Since then, it's going to over one hundred stores and over three and a half thousand employees, including employees singing and cringely dancing to that little jingle of.
Their paid cash and will slash the now.
In September twenty sixteen, JB high Fi bought The Good Guys to eight hundred and seventy million Bakarni.
But now the Australian Competition and Consumer Commission has alleged that The Good Guys made misleading claims in promotions to its customers over the past four years.
And we're not talking just one or two or ten times or fifty times, but one hundred and sixteen different promotion yep.
The Good Guys offers customers store credit if they spend over a certain amount of money on products, but in the.
Fine print it said you needed to use the credit within ten days or it disappears.
The atriple C is alleging that the Good Guys made false or misleading representations by burying these terms in hard to find location.
But interestingly, be Man. After JB High Fight disclosed its little run in with the a trible c it's share price jumped two percent. Would you believe it?
So what is the key learning here?
A rising tide can lift all.
Boats, you see, juz boy, this is the idea that in improving industry or economy can benefit all companies, even those with not so positive news.
And yesterday the optimism of the Australian share market was widespread.
Why is that, jussy boy, You've got evidence for me?
Well, only thirty seven of the top two hundred ASEX listed companies dropped in the afternoon trade.
On top of that, not one sector on the ASEX was negative.
Yesterday, and be Man, this is a pretty clear sign that there is a whole lot of confidence in the Australian share market.
So, Jazi boy, even though this news is quite the distraction for Jbhi Fi Group to deal with, the timing was quite impeccable on the.
Day when the ASEX two hundred nearly reaches an all time high.
For our second story, Samsung has announced brand new tech devices at its Galaxy Unlocked conference and this is sexiest products are all around health tracking.
This news has a certain aora to it. Be Man, you went to catch my little drift may always bumping you out? Now tell me more.
Well, we all know Samsung, the South Korean tech giant and the world's largest producer of memory chips, smartphones, TVs.
That's what we know Samsung for, But the companies also dabbled in some more niche.
Product We talking skincare devices, military tanks, even their own theme park, and currently be Man.
In Korea, Samsung Electronic employees are on indefinite strike.
Even though they're on strike, juzzy boys, Samsung did just announce brand new health tracking devices, the Galaxy Ultra Watch and even the Galaxy Ring.
I get this. This ring is designed to track sleep patterns, at heart rate and send fitness reminders to its users.
And because it doesn't have a screen, it syncs with a phone ahem, Android only to show that data cop that Apple And this marks Samsung's biggest step into the wellness and more specifically the longevity space.
So what is the key learning here?
Unlocking the secrets to a longer, healthier life has become big business for tech companies.
You seebe Man, interesting, longevity and healthy living has been really popping off as global population.
Are aging, and as a result, there's also been a lot of interest in monetizing this trend.
Get this. The longevity market was valued at twenty seven billion US dollars in twenty twenty three, but it's expected to grow to over forty four billion US dollars by twenty thirty one.
That's over sixty percent in under ten years.
And you can bet b man at Samsung's new ring is an attempt to grab a chunky slice of that market all for themselves.
And they're not the only ones capitalizing on the longevity trend.
No, no, no no. In the last decade, we've seen companies like Aura and Whoop cash in on this trend with their wearable health tracker.
Today, those companies have valued at two and a half billion US dollars and three point six billion US dollars respectively.
So Samsung is now the latest player to make strides in this industry, but it's safe to say it won't be the last.
Not denying your move now, Apple.
For our third and final story, Spotify has launched a number of new features. It's stir it closer and closer to a full blown social networking experience.
Next up reboot of the feature where you can see what your friends are listening to live tell me more does it?
So Spotify obvious become the goat of all things audio over the past eighteen years.
It went from music streaming, then to podcasts and now even audio books.
Less music streaming app and more audio app.
And through these evolutions, Spotify has managed to grow to over six hundred and fifteen million monthly active users and.
Two hundred and thirty nine million paying subscriber.
But now Juzy Boys, Spotify is pushing the goal sticks even further because it's now released features that let its users comment on podcasts as well as.
That they've got the q and as the polls on podcasts as well, And.
It's pretty clear that Spotify is testing low risk ways of becoming more of a social network where users can interact with each other as well as the podcast Remember, they added Spotify Clips earlier in the year, which is a bit like Instagram Stories, and they haven't denied adding the same features for music artists in the future. So Jua Lipa could receive and respond to comments on all of her.
Bangers like it. So what is the key learning here?
If it looks like a social network, acts and quacks like a social network. It's probably going to become.
One be man with the addition of comments. Spotify is trying to become an app where users aren't just listening to audio.
Now they won an app where the user is actively engaged.
Sharing their thoughts, sharing their feelings, their opinions like they do on traditional social networks, and.
With q and as and polls and comments and Spotify clips, Spotify is looking to compete for their users' social.
Time and eventually the ad dollars that are spent on larger social networks.
In fact, Spotify only generated one point seven billion euros worth of AD revenue in twenty twenty three for over six hundred million users, whereas X, which has around the same number of users, made over four point four billion US dollars in revenue in twenty twenty two.
So TikTok, Mata.
And x may be shaking in their musically minded booties.
Flospam, if you want to start off the weekend on a high with one hundred bucks in your front pocket, make sure you had your notifications turned on and the Flux app are ready to go. We are dropping five questions and the first person to answer correctly wins one hundred bucks.
Thanks for listening, and we'll see you on Monday.