This is what the flux I'm Brettman justin ad. It's Wednesday, the third of July.
Boy A and Z Bank is into the sin bit at the Banking Code Compliance Committee.
Get this one.
A and Z was charging fees to deceased estates between twenty nineteen and twenty twenty four. The good news, and they failed to stop or refund the fees as well. In total, it will now pay back three point three million dollars to over eighteen thousand impacted.
Is states not the news you want associated with self be man Neil now fluxdam. As the new financial years rolled around, it's time for new financial you and because of the success at our fifty percent deal for blucks bro, we have extended it for one more week. That means this week you can invest in your financial future at fifty percent off the regular price. To make sure to hit the link in the show notes to access this deal.
Three riveting stories today Juzzy Boy for our first Ossie Telco TPG is setting up a new battle against Telstra after partnering with Fox Sales new streaming aggregation platform Hubble.
This is juicy, particularly because Telstree is a part owner in foxdaleb Man, So tell me more, so, Juzyboy.
TPG is the telco brand that merged with the Votaphone in twenty twenty in a fifteen billion dollar merger. TPG had the networks and the broadband, Votophone had the brand and the millions of mobile customers. And this marriage has meant the new TPG has become the third largest telco network in Australia behind Telstra and Optus. And since the merger, TPG has kind of stayed in its own lane, nothing too radical.
But now TPG's announced a new content play for the very first time.
Yeap is just announced a partnership with Hubble, the streaming aggregation platform.
Yes, the platform that Haymish and Andy have been walking around as human billboards for now.
The idea of Hubble is to give consumers one single interface to view different streaming.
Apps, meaning you can search for bridget In's Netflix or Yellowstone on Stand on the same platform and Jessie Boyd.
This is all part of TPG's plan to keep its customers sticky.
So what is the key learning here?
When your business has become so dun commodified, you need to show value in new ways.
Let's face it, b Man, the only differentiator is in the mobile networks network range and price.
And TPG slash Votaphone isn't the leader in either of these categories.
So something else has got to give in order for them to retain customers. You see, juzzy boy.
Even the big dogs of Telstra and Optis have invested billions of dollars buying content like.
Optis buying the sport broadcast rights to the English Premier League for six hundred mil.
Or Telstra partner with the AFL, or streaming platforms like Fetch.
But so far, be Man. TPG has chosen to focus on being a pure play mobile operator.
But with not much of a differentiation, TPG is hoping its new partnership with Hubble might keep its customers as loyal as Hamish and Andy to Hubble ads.
For our second story, YouTube has rolled out a new policy that will our users to request taking down a high generated content it simulates their face or voice.
Wow, you got to imagine this is just the beginning of this type of stuff, juzzy boy, tell me more.
Okay, so we know YouTube, the video on demand platform that launched back in two thousand and five, they video titled me at the Zoo. Now a bit has happened since then.
It was acquired by Google in two two thousand and six for one point six y five billion US dollars.
It's also become the platform where millions of content creators have made it full time salary.
In fact, there are around fourteen billion videos on YouTube. Yes, that's more than one and a half videos for every person on this planet.
But be man. With so many videos online, there's also an intense amount of monitoring that YouTube needs to do and judge.
Boy, Since the newish emergence of AI generated content, there are even more reasons for monitoring.
Now YouTube's rolled out of policy for people to lodge privacy violations. If there's AI generated content that's been uploaded that simulates their face or voice, like.
A video of Joe Biden Donald Trump engaging in some criminal activity like a golf match, that be man submitting the request for a takedown. It doesn't necessarily mean the content will be removed. YouTube will be the judge of that one.
But this particularly concerning on all tech platforms this year because AI generated endorsements could potentially swing elections. Oh big call for you, juzzy boy, So what's the key learning here? In the digital age? Finding trustworthy sources has become harder and harder to.
Fine and every developer can build AI generated content that looks real to the naked eye and be man.
This industry is just getting started.
The global AI video generator market size was estimated at five hundred and fifty five million US dollars in twenty twenty three, but it's expected to grow at nearly twenty percent over the next six years, according to Grandview Research and Jazi Boyd. This means that tech companies that host this content have a huge obligation to ensure that content on their site is authentic.
Metters started throwing in labels made with AI to highlight to its users that the image or video isn't real, and TikTok will also flag users who upload AI generated content. But be man, I've got a feeling this is just the beginning of this long, long conversation.
For our third and final story, Nike's share price dropped close to twenty percent after it announced that it's expecting quarterly sales to drop ten percent.
In vessus. Sure, I'm giving those numbers of tick, So what is going on here. Well.
Nike is the world's biggest sportswear brand, with a market cap of over one hundred and forty four billion US dollars.
It's known for sneakers like the Air Force one and the Airge which does what.
Nike's origin story has humble beginnings, with the very first pair being made using a waffle iron, yes.
Literally, the kitchen utensil used to cook waffles.
Now, Nike's announced that it's expecting quarterly sales to drop by ten percent, which is actually a lot worse than the three point two percent drop investors were expecting.
And with this bad news, Nike stock saw its worst day ever last.
Week yep, Nike's share price drop over twenty percent and it lost over twenty eight billion US dollars from its market cap.
And now, Nike says its weak performance is partly because of slow economic activity worldwide.
But with its competitors outperforming, it looks like Nike's become a bit too tactical with its short term decision.
So what is the key learning here?
If you get too caught up in the small things in the present, you can lose sight of the future.
Seebe Man. Nike's been focused on cutting its costs to manage the economic downturn.
In fact, it launched a plan to cut two billion dollars over the next three years and over fifteen hundred jobs to reduce its costs too. But while Nike was focusing on these cost cutting initiatives, its competitors were cooking up new in avative sexy designs.
Think Assex, New Balance, and the latest trendsetters On.
And Hooker, which meant Nike's market chair dropped from thirty five point four percent in twenty twenty one to under thirty five percent in twenty twenty three, and its competitors.
Market share has jumped fifteen percent in just the last three years.
Yep, they took advantage of Nike releasing fuel designs and are giving them a run for their money.
Flexam, you're listening to this pod, it probably means you love a bargain just as much as we do. And we have one of the great bargains right now fifty percent off for Flux Pro that it's just for the next five days. To make sure to hit the link in the show notes to access the limits of times deal too good to be true. Thanks for listening and we'll see you on Friday.