What the Flux

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

June 23, 2021 5 min
Commbank is continuing to sell ‘non-core’ divisions - and has now sold its home and car insurance arm for around $1 billion.   To fight off competitors, Twitter has opened up applications to test its new features - super follows and ticketed spaces.   Microsoft is now worth US$2 trillion and has joined Apple in the exclusive club.   ---   Save money and win cash prizes up to $250k weekly: https://bit.ly/Wintheweek Get your...
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Go1, the QLD based corporate training marketplace, has become Australia’s latest unicorn - cracking the $1 billion valuation.   After shutting down its game development business in 2016, Disney has made a big comeback in the space this month.   Bitcoin prices continue to slump as China tightens its crackdown on bitcoin mining.   ---   Save money and win cash prizes up to $250k weekly: https://bit.ly/Wintheweek Get your cre...
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The Seven Network has claimed it will win the TV ratings this year ahead of rival Nine - for the first time since 2018.   OnlyFans, the content subscription platform with focus on adult content, is raising new funding at valuation over $1.3 billion.   Spotify has launched its rival to Clubhouse - Spotify Greenroom - as it strives to give creators a place to connect with fans.   ---   Save money and win cash prizes up to $25...
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Coles will spend $2.5 billion over the next 2 years on a better online shopping experience, plus trolley-sized self serve checkouts.   Sky News Australia will launch a new free-to-air channel that will reach around 7 million regional Australians.   Chinese shopping retailer Shein has overtaken Amazon to become the #1 e-commerce app in the US.   ---   Save money and win cash prizes up to $250k weekly: https://bit.ly/Winthewe...
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What The Flux is Australia's no.1 business news podcast - and thanks to you Flux fam, we've grown our community to over 200,000 Aussies.   Today, we are really excited to share our first exclusive interview. Get to know the real (Treasurer) Josh Frydenberg as we ask him about: How he felt about “Josh Frydenberg, young and hot” becoming a popular Google search? His toughest opponent - Pat Rafter or Mark Zuckerberg? (Hint: ...
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Sales of zero alcohol beer are growing faster than any other segment of the beer industry - even outpacing craft beer.   Two major sports stars have snubbed Heineken and Coca-Cola during press conferences - in what’s been dubbed ‘Bottlegate'.   Facebook has shared that the launch if its cryptocurrency named Diem (formerly known as Libra) is only months away.   ---   GUESS WHO THE GUEST WILL BE ON TODAY'S (FRI 18/6) ...
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Aussie delivery riders say new safety measures on platforms like UberEats and Deliveroo aren’t enough, and only better pay will improve working conditions.   Eftpos and BPay believe their merger will get approved by regulators, despite concerns it could create a monopoly.   The G7 has established its ‘Build Back Better World’ economic strategy to prevent China’s multi-trillion dollar economic influence plan from succeeding.   ...
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Australia and the UK have agreed to a new free trade deal, with a focus on working visas and meat exports.   Peloton, the at-home fitness company loved by Justin Bieber and US President Biden, is launching in Australia.   Hyundai and General Motors are pushing ahead with plans to develop flying cars by 2025.   ---   *GUESS WHO OUR GUEST WILL BE ON FRIDAY'S SPECIAL POD FOR A CHANCE TO WIN $200: https://fluxsurvey.typefor...
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Netflix has launched netflix.shop, an online store where viewers can purchase show merchandise.   Facebook is planning to launch a smartwatch that could rival Apple’s.   Australian retail giant, Premier Investments, which owns Smiggle and Just Jeans, is expecting to nearly double its full-year profits.   ---   *GUESS WHO OUR PODCAST GUEST WILL BE THIS FRIDAY: https://fluxsurvey.typeform.com/to/aEgeDBh5 Save money and win c...
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Chinese inflation just hit its highest level since 2018, which could mean bad news for countries like Australia.   Aussie SMS marketing/tech company, MessageMedia, has been acquired by Swedish rival Sinch for $1.7 billion.   Facebook has revealed new ways for creators (aka influencers) to make MORE money on Instagram, in Facebook’s first ever 'Creator’s week'.   ---   Save money and win cash prizes up to $250k weekl...
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Paypal is taking on Afterpay and the big banks by expanding into the physical world - with a brand new credit card.   A 21-year-old Aussie entrepreneur has raised $65 million for his alternative chicken nugget company, Nuggs.   British American Tobacco provided a positive forecast for the rest of 2021 - after a record number of people bought its vaping products.   ---   Save money and win cash prizes up to $250k weekly: htt...
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The NSW Government has secretly offered $50 million in taxpayer dollars to keep Qantas’ headquarters in Sydney.   An Aussie TikTok family has been named and shamed for promoting a new crypto, prompting questions around influencers and financial advice.   Apple is taking on Zoom and Facebook with its latest updates, which include expanded video conferencing.   ---   Save money and win cash prizes up to $250k weekly: https://...
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Twitter has picked Australia as one of only two countries to launch its new premium subscription service, Twitter Blue.   Afterpay has recruited actress Rebel Wilson for its new global advertising push in order to spice up its brand image.   G7 nations have reached a landmark deal to set a 15% tax rate on multinational companies like Google, Apple and Amazon.   ---   Save money and win cash prizes up to $250k weekly: https:...
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Bunnings plans to build a new network of ‘professional’ tool stores and will buy companies that will help it gain market share.   The ABC has asked the government for $90 million to create more children’s and drama content over the next 3 years.   The local arm of co-working giant WeWork has posted a $102 million loss for the 2020 financial year.   ---   Save money and win cash prizes up to $250k weekly: https://bit.ly/Wint...
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Woolworths has announced it will challenge the big banks with its own payment service businesses.   Airtasker is expanding to the US and has acquired a similar US-based services marketplace for $3.4 million.   Etsy, the online handmade and vintage items retailer, is buying youth-friendly social shopping app Depop for $2 billion.   ---   Save money and win cash prizes up to $250k weekly: https://bit.ly/Wintheweek Get your c...
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The fight between Qantas and Rex Airlines has escalated after Rex took out full page ads highlighting the public’s dissatisfaction with Qantas refunds.   The RBA has kept rates on hold at 0.10% and has said further COVID outbreaks will hurt Australia’s economic recovery.   Zoom’s financial performance exceeded expectations for the first 3 months of 2021, but as the world reopens tough times could be ahead.   ---   Save mone...
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Zara, the global fashion behemoth, is planning on cutting costs in its Australian business following a tough couple of years.   Nestlé has admitted that over 60% of its traditional packaged consumer food and beverage products are not ‘healthy’.   China’s new three-child policy has sent stocks soaring in China’s baby and maternity industry.   ---   Save money and win cash prizes up to $250k weekly: https://bit.ly/Wintheweek ...
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Aussie comparison website Finder is now offering to pay its employees 25% of their salary in bitcoin, rather than cash.   The Australian fashion industry makes over $27 billion annually and employs almost 500,000 workers (77% of whom are women), according to a new report from EY.   Netflix wants the government to ditch a proposal that would introduce content production quotas for streaming companies in Aus.   ---   Save mon...
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The owner of Pizza Hut is buying ASX-listed company Dragontail Systems for $94 million, a company that its rival Domino’s relies upon.   McDonald’s has launched its long-awaited meal with K-pop sensation BTS - Maccas’ first celeb collab to launch globally.   A pro-climate change investor will drive a more green agenda at oil giant ExxonMobil after winning board seats and influence.   ---   Save money and win cash prizes up ...
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The Australian Tax Office (ATO) has said it is coming after crypto investors at tax time this financial year.   Facebook and Instagram are giving their billions of users the option to hide “likes” on their own posts - and the posts of others.   Meme stock GameStop has announced plans to launch a new platform for non-fungible tokens (NFTs).   ---   Save money and win cash prizes up to $250k weekly: https://bit.ly/Wintheweek ...
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