Latest / What the Flux / AGL's $150 million tech investment | BeReal sold for €500M | Jake Paul big 'W'

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AGL's $150 million tech investment | BeReal sold for €500M | Jake Paul big 'W' · What the Flux

• 0:05
  Speaker 1: This is what the Flux I'm just it and I'm
• 0:07
  Speaker 1: harsh sheep, and it's Monday, the seventeenth of June.
• 0:10
  Speaker 2: A a new salary Guy's been released by Hayes Recruitment.
• 0:13
  Speaker 2: And get this, seventy three percent of employees don't believe
• 0:17
  Speaker 2: that their salary actually reflects their performance. And it seems
• 0:20
  Speaker 2: like this mismatch between what employees want and what employers
• 0:24
  Speaker 2: are willing to offer is getting even sucker by the year.
• 0:27
  Speaker 1: Flux fan, we're coming up to the end of the
• 0:29
  Speaker 1: financial year, and that means starting to think about all
• 0:32
  Speaker 1: the last minute ways to reduce your tax Very true.
• 0:35
  Speaker 1: In the Flux app, We've just released an article on
• 0:37
  Speaker 1: how to reduce your taxable income via donations and what
• 0:40
  Speaker 1: you need to look out for. So make sure to
• 0:42
  Speaker 1: check it out if you want to do good and
• 0:44
  Speaker 1: also reduce your tax.
• 0:45
  Speaker 2: Three charitable stories today, let's get into it for our first.
• 0:50
  Speaker 2: Ahl Energy has invested one hundred and fifty million bucks
• 0:54
  Speaker 2: into a new energy tech platform to compete with their arrival,
• 0:57
  Speaker 2: Origin Energy.
• 0:58
  Speaker 1: Okay, this is sounding a you really similar to Origin's
• 1:01
  Speaker 1: recent investment. Tell me more.
• 1:03
  Speaker 2: Okay, So, Ahl Energy is one of the oldest and
• 1:05
  Speaker 2: largest energy gas providers in Australia.
• 1:08
  Speaker 1: Yep, it's nearly two hundred years old and has over
• 1:10
  Speaker 1: four million customers.
• 1:12
  Speaker 2: But itch, and that doesn't mean it doesn't feel the
• 1:14
  Speaker 2: heat from its impeditors literally.
• 1:16
  Speaker 1: So now AGL has announced one hundred and fifty million
• 1:19
  Speaker 1: dollar investment into a tech platform called Closer in exchange
• 1:23
  Speaker 1: for twenty percent of the company.
• 1:24
  Speaker 2: And tell me what does this cluser actually do?
• 1:27
  Speaker 1: But helps manage electricity supply as well as billing for
• 1:30
  Speaker 1: its millions of customers. Very sexy, I know.
• 1:32
  Speaker 2: And apparently AGL was actually key to license another energy
• 1:35
  Speaker 2: software called crack it.
• 1:37
  Speaker 1: But that's the software that Origin Energy has already invested
• 1:40
  Speaker 1: into Rumma, which has given it an exclusive license in
• 1:43
  Speaker 1: the Australian market.
• 1:44
  Speaker 2: Drama. So ag Closer may play second fiddle to crack it,
• 1:48
  Speaker 2: but it still helps AGL achieve their main goal, which
• 1:51
  Speaker 2: is preparing for a major influx of solar energy and
• 1:55
  Speaker 2: virtual power plants.
• 1:56
  Speaker 1: So what's the key learning here?
• 1:57
  Speaker 2: In traditional industries you either need to adapt to risk obsolescence.
• 2:02
  Speaker 1: Does we know that new innovations are reshaping traditional industries
• 2:05
  Speaker 1: at a crazy pace? And in the energy sector that
• 2:08
  Speaker 1: next evolution is in the form of VPPs.
• 2:10
  Speaker 2: So how do these virtual power plants actually work?
• 2:13
  Speaker 1: Basically, a VPP pulls energy from thousands of households or
• 2:17
  Speaker 1: businesses with rooftop solar and batteries.
• 2:20
  Speaker 2: If a person is generating more solar energy then can
• 2:22
  Speaker 2: fit in their own battery. That energy can often go.
• 2:25
  Speaker 1: Away yep, But with virtual power plants, that excess energy
• 2:28
  Speaker 1: can be discharged into the wholesale market when prices are.
• 2:31
  Speaker 2: High, and the individual solo earner can actually make some
• 2:34
  Speaker 2: more out of it and at she well. This is
• 2:36
  Speaker 2: a great way to reduce reliance on coal power. It
• 2:38
  Speaker 2: supposedly will also have a big impact on AGO's bottom
• 2:42
  Speaker 2: line too.
• 2:42
  Speaker 1: Agl reckons these VPPs will deliver it pre tax savings
• 2:46
  Speaker 1: of between seventy million and ninety million dollars per year.
• 2:49
  Speaker 2: That's pretty good to me.
• 2:51
  Speaker 1: For our second story, be Real, the biggest social media
• 2:54
  Speaker 1: app of twenty twenty two, has been sold for five
• 2:56
  Speaker 1: hundred million euros after struggling to turn its initial hype
• 3:00
  Speaker 1: to sustain growth.
• 3:01
  Speaker 2: I'm sam too surprised, though, I don't think I've done
• 3:03
  Speaker 2: my b Real for at least twenty four months. So
• 3:06
  Speaker 2: what is the story here. Well.
• 3:07
  Speaker 1: Just be Real is the French photo sharing app that
• 3:10
  Speaker 1: launched in twenty twenty as a more authentic alternative to
• 3:13
  Speaker 1: Instagram and Snapchat.
• 3:14
  Speaker 2: Now. The idea is you get a daily notification at
• 3:17
  Speaker 2: a random time and you need to take a photo
• 3:19
  Speaker 2: of where you are and a selfie.
• 3:20
  Speaker 1: That means you're forced to share your real life with
• 3:23
  Speaker 1: your friends and not your curated life.
• 3:25
  Speaker 2: And b real was huge during the pandemic years. Oh yeah,
• 3:29
  Speaker 2: it was one of the most downloaded apps on the
• 3:30
  Speaker 2: App Store in twenty twenty two.
• 3:32
  Speaker 1: But now bee Real has been sold to French app
• 3:34
  Speaker 1: developer Voodoo for five hundred million euros.
• 3:37
  Speaker 2: And that's not the best result because b reels struggled
• 3:40
  Speaker 2: to maintain its growth and started running out of cash.
• 3:42
  Speaker 1: Bur Reel's growth had really started to plateau in the
• 3:45
  Speaker 1: last year.
• 3:45
  Speaker 2: And it was on the hunt for a buyer to
• 3:47
  Speaker 2: save it from collapse. So HG, what is the key
• 3:50
  Speaker 2: learning here?
• 3:50
  Speaker 1: In the social media industry? It takes more than building
• 3:53
  Speaker 1: hype to compete against the titans.
• 3:55
  Speaker 2: You see, when b reel launched, it built huge traction
• 3:58
  Speaker 2: in just two years.
• 3:59
  Speaker 1: By October twenty two, twenty two, the app had fifteen
• 4:01
  Speaker 1: million monthly.
• 4:02
  Speaker 2: Active users, but just six months later that number had
• 4:04
  Speaker 2: dropped to just six million monthly active users because the
• 4:07
  Speaker 2: excitement of this concept just fizzled out.
• 4:09
  Speaker 1: Be Real's focus on authenticity was unique, so it brought
• 4:12
  Speaker 1: a massive crowd in the beginning.
• 4:14
  Speaker 2: But the app didn't stand much of a chance against
• 4:17
  Speaker 2: the addictive, the infinite content feed of giants like Instagram
• 4:20
  Speaker 2: and TikTok.
• 4:21
  Speaker 1: And in the past, we've also seen other social media
• 4:24
  Speaker 1: apps built initial high but not a sustainable business off
• 4:27
  Speaker 1: the back of that hype.
• 4:28
  Speaker 2: Big Clubhouse that was the Audio social media app, which
• 4:31
  Speaker 2: had almost ten million installs by feb twenty twenty one,
• 4:34
  Speaker 2: but took a sixty six percent nose dive by the
• 4:36
  Speaker 2: end of April.
• 4:37
  Speaker 1: Or Vine, which was the og short form video platform
• 4:39
  Speaker 1: that was acquired by Twitter in twenty twelve.
• 4:42
  Speaker 2: But shutdown five years later because they couldn't monetize it.
• 4:45
  Speaker 2: For our third and final story, Jake Paul, the YouTube
• 4:49
  Speaker 2: influencer and part time boxer, is launching a new personal
• 4:52
  Speaker 2: skincare line for young men.
• 4:54
  Speaker 1: This guy has his hands in way too many pis.
• 4:57
  Speaker 1: Tell me more.
• 4:57
  Speaker 2: Jake Paul is a bit of everything. He's an actor
• 5:01
  Speaker 2: and a professional boxer.
• 5:02
  Speaker 1: He has over seventy million followers across the social channels
• 5:06
  Speaker 1: and he's even booked in a fight against Mike Tyson.
• 5:08
  Speaker 2: Yes, the former undisputed heavyweight champion of the world, Mike Tyson.
• 5:12
  Speaker 1: So it's not surprising that Jake Paul is trying to
• 5:15
  Speaker 1: leverage his huge audience to sell a new product. And
• 5:18
  Speaker 1: now Jake Paul is launching a personal skincare brand called.
• 5:22
  Speaker 2: W of course, that's W as in winning Zz.
• 5:26
  Speaker 1: He's going to start with a body wash, body spray,
• 5:28
  Speaker 1: and antiperspriint deodorant. And there seems to be a big
• 5:31
  Speaker 1: open market for creator led products focused on younger men.
• 5:34
  Speaker 2: Now seeing so tell me what is the key learning here?
• 5:36
  Speaker 1: While most creator led products have been focused on young women,
• 5:40
  Speaker 1: there's an untyped opportunity to sell to young.
• 5:42
  Speaker 2: Men, and particularly in industries that have predominantly catered to
• 5:46
  Speaker 2: just women, like skincare and other beauty products as well.
• 5:48
  Speaker 1: Get this. From twenty eighteen to twenty twenty three, men's
• 5:51
  Speaker 1: grooming was a twenty eight billion dollar business globally, and it.
• 5:55
  Speaker 2: Had an annual compound growth rate of more than five percent, according.
• 5:58
  Speaker 1: To Euromonitor and it's expected to keep going.
• 6:00
  Speaker 2: Yeah, men's personal care is expected to grow to more
• 6:02
  Speaker 2: than one hundred billion US dollars over the next four years.
• 6:05
  Speaker 1: And just Jake Paul is in the prime position to
• 6:08
  Speaker 1: leverage this shift in trend.
• 6:10
  Speaker 2: Because young men are increasingly turning to influencers for their
• 6:13
  Speaker 2: sources of information.
• 6:14
  Speaker 1: Now, fifty percent of gen Z mails found information about
• 6:17
  Speaker 1: a brand, company, or product through TikTok in twenty twenty three,
• 6:20
  Speaker 1: So it's no surprise that Jake Paul has used the
• 6:22
  Speaker 1: gen Z lingo of w to build his winning formula
• 6:26
  Speaker 1: Flux Sam.
• 6:26
  Speaker 2: We're coming up to the end of the financial year.
• 6:28
  Speaker 2: You now have thirteen days to sort out how to
• 6:31
  Speaker 2: reduce your taxes. We've released a whole range of articles,
• 6:34
  Speaker 2: including how to reduce your tax will income by donations,
• 6:37
  Speaker 2: so make sure to check it out. Enough plucks out
• 6:39
  Speaker 2: and on Wednesday, Brett will be coming back to the pod.
• 6:41
  Speaker 2: It's been a long time and a she To be honest,
• 6:43
  Speaker 2: I'm not sure if I want him back. You've done
• 6:44
  Speaker 2: an awesome job over the last five weeks. Thanks so
• 6:46
  Speaker 2: much for being on the pod.
• 6:47
  Speaker 1: It's been great to be back, and until next time, Fluxpan.
• 6:50
  Speaker 1: Thanks for listening, and we'll see you on Wednesday.