What the Flux - podcast cover

What the Flux

Bite-sized business news. 5 minute breakdown of the top 3 Australian or global business stories of the day. Tailor made for busy humans. Hosted by Brett Joffe and Justin Joffe, co-founders of Flux.

Episodes

Tasmania's trademark tussle | Disney's subscriber drop | Adidas is selling Yeezy's again

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, 20236 minTranscript available on Metacast

PwC's damage control | Google's AI plan | US inches towards debt ceiling

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, 20236 minTranscript available on Metacast

Jenny Craig is the biggest loser | CBA ditches cash back offer | Amazon introduces "Amazon Everywhere"

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, 20236 minTranscript available on Metacast

Federal Budget 2023: A deep dive

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, 20236 minTranscript available on Metacast

7-Eleven Australia is for sale | Atlassian's shares tumbled after-hours | Vice files for bankruptcy

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, 20236 minTranscript available on Metacast

Google and Facebook's tiny tax in Aus | NAB's mortgage war | Airbnb returns to its roots

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, 20236 minTranscript available on Metacast

Boozebud collapses | Uber's major revenue jump | Pepsi's Bubly enters Australia

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, 20236 minTranscript available on Metacast

Seven West Media's free-to-air conundrum | Mercedes teams up with its F1 team | Twitter-clone Bluesky is in hot demand

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, 20236 minTranscript available on Metacast

Canva delays employee share scheme | JP Morgan acquires First Republic Bank | Amazon's conference call drop

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, 20236 minTranscript available on Metacast

Coles Radio is up for tender | Providoor shuts down | Best & Less receives takeover bid

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, 20236 minTranscript available on Metacast

Online gambling loophole closed | Microsoft-Activision deal blocked in the UK | Moccona is suing Vittoria

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, 20236 minTranscript available on Metacast

Kirin's $1.9 billion bid for Blackmores | Meta's unexpected sales increase | Coca-Cola needs AI

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, 20236 minTranscript available on Metacast

AI companies to compensate media publishers? | Google beats expectations | Pepsi's new growth channel

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, 20236 minTranscript available on Metacast

Swisse's chaotic comedy strategy | Buzzfeed News shuts down | IKEA's US expansion

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, 20236 minTranscript available on Metacast

Linktree is not dead | Michael Hill acquires rival | Netflix's underwhelming results

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, 20236 minTranscript available on Metacast

RBA's splitting into two | Wesfarmers wants Silk Laser | Apple's first store in India

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, 20236 minTranscript available on Metacast

Rugby Australia's $250m raise | Samsung may replace Google search | Temu battles Aussie retailers

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, 20236 minTranscript available on Metacast

Sega acquires Angry Birds | Aussies hurting with $3 billion scams | Apple's becoming a bank?

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, 20236 minTranscript available on Metacast

Coles customer data stolen | Streaming giants are buying local | Disney's box office flop

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, 20236 minTranscript available on Metacast

Coles & Uber Eats 1 hour delivery | Twitter's new revenue stream | AirRobe's making sustainability simple

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, 20236 minTranscript available on Metacast

ATO's tax return test | Amazon's reducing free returns | LVMH smashes expectations

The Australian Tax Office has found a new way to get people to complete tax returns… and it’s all in the words. Amazon will remove free returns for some of its online purchases as part of its plan to disincentivise customer returns. LVMH, the world’s biggest luxury company has reported a 17% rise in their quarter one sales - absolutely smashing expectations. — 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 13, 20236 minTranscript available on Metacast

EY cancels its break up | Twitter "no longer exists" | The ACCC wants new merger laws

EY has scrapped its plans to split up its audit and consulting business arms after it couldn’t get the US partners on board. Twitter apparently “no longer exists” after Elon Musk merged Twitter with a shell company called XCorp - and this marks the first step in his super app ambitions. The ACCC wants to see the current merger laws changed to prevent companies from dominating individual markets. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download th...

Apr 12, 20236 minTranscript available on Metacast

Milkrun shuts down | Super Mario Bros breaks box office records | Tupperware's tight financial squeeze

Milkrun, the speedy grocery delivery company, will close its doors and make all employees redundant after struggling to raise more money in the current market. The Super Mario Bros movie breaks box office records over the weekend and the share price of Nintendo sees a 4% bounce Tupperware, the brand behind the kitchenware, is running out of money as competitors take them on — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store)...

Apr 11, 20236 minTranscript available on Metacast

Viva Energy's $1.1 billion petrol buyout | Google updates Search | Coca Cola cocaine sales

Viva Energy, the company behind Shell petrol stations, has acquired service station network On the Run for over $1 billion. Google has made some major updates to its search engine as it starts to face Search competition for the first time in years. Coca Cola produces $3 billion worth of pure cocaine per year and sells it to dentists --- 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 th...

Apr 10, 20236 minTranscript available on Metacast

Virgin Orbit goes under | Dan Murphy's owner enters esports | Johnson & Johnson's $8.9bn settlement

Richard Branson’s Virgin Orbit has filed for bankruptcy after it struggled to secure long term funding to recover from its rocket failures. Endeavour Group, Australia’s largest drinks and hospitality company, is bringing their hospo experience into Sydney’s newest e-sports and gaming centre. Johnson & Johnson, the consumer goods behemoth, has agreed to pay $8.9 billion USD to settle thousands of lawsuits around its talcum powder. --- Build the financial wellbeing of your team with Flux at Wo...

Apr 05, 20236 minTranscript available on Metacast

BWX goes into receivership | Spotify shuts down live audio app | Google and Apple face class action

BWX, the large Aussie beauty and skincare company, is officially in receivership after it lost support from its bank. Spotify is shutting its live audio app Spotify Live because it no longer makes sense as a standalone app. Aussie app developers are joining a class action suit against Google and Apple for abusing their market power and charging 30% commission for in-app purchases. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (A...

Apr 04, 20236 minTranscript available on Metacast

Coles got milk for $105m | TikTok's new app takes over the US | WWE and UFC's marriage

Coles has acquired two milk processing facilities for over $100 million to secure milk supply TikTok owner, ByteDance, has pushed their new social media app to the top 10 on US app charts in preparation for TikTok’s country-wide ban The parent company of UFC is in advanced talks to acquire World Wrestling Entertainment (WWE) in a major deal —- 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 Down...

Apr 03, 20236 minTranscript available on Metacast

Tesla's Chinese price war | Crocs > Zoom | Seven's Cricket of...India

Tesla’s price war in China, the world’s biggest car market, appears to be backfiring…as their #1 competitor starts to thrive big time. Crocs, the famously ugly footwear, is still dominating post pandemic - suggesting that not all pandemic trends have faded. Channel Seven has locked in an exclusive deal to air the ICC World Test Championship final, but this deal is all about the audience. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free...

Apr 02, 20236 minTranscript available on Metacast

DHL Aus' deep emissions cut | Adidas splits with Beyonce | Tech big wigs call for AI 6-month break

Logistics company DHL is pushing beyond just carbon offsetting when it comes to cutting their emissions. Artificial intelligence experts and leaders, including Elon Musk, are calling on developers to pause the development of AI models. Adidas has parted ways with another one of its major partners - this time, we’re talking Queen B - Beyonce. --- 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 Do...

Mar 30, 20236 minTranscript available on Metacast

Qantas, Virgin accused of 'gatekeeping' | Liontown rejects 5.5B offer | Alibaba splits empire into 6

Qantas and Virgin are being called out for gatekeeping Sydney Airport’s runways. Lithium miner Liontown Resources has rejected a $5.5 billion takeover bid from US giant Albermarle because Liontown reckons it's worth more. Alibaba plans to split its $328 billion empire into six smaller units - for future growth…. and to keep the Chinese government on side. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/F...

Mar 29, 20236 minTranscript available on Metacast