Latest / What the Flux / Airtasker's expansion plans | Webjet's misleading airfares | Trump's trade wars

Transcript

Airtasker's expansion plans | Webjet's misleading airfares | Trump's trade wars · What the Flux

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  Speaker 1: This is what the Flux I'm Brett and I'm Justin
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  Speaker 1: and Black Friday, the twenty ninth of.
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  Speaker 2: No very nice Dozy Boy. It is Black Friday, flux Fam,
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  Speaker 2: so no surprise if you're furiously shopping on your phone
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  Speaker 2: while listening to the pod this morning. In fact, ozzies
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  Speaker 2: are expected to spend over seven and a half billion
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  Speaker 2: dollars on Black Friday deals, so Flux Fam, make sure
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  Speaker 2: to take a deep breath, maybe two or three before
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  Speaker 2: kicking off your Black Friday spending.
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  Speaker 1: Eighty percent ends up in the rubbihminbe Man. Thank you
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  Speaker 1: of Flex Friday. We've just dropped an article in the
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  Speaker 1: Flux app about how to make the most of the
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  Speaker 1: Black Friday sales. Rule number one. Just because it's a
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  Speaker 1: good deal, it's not good enough to purchase something, but
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  Speaker 1: we have a whole lot more in store for you
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  Speaker 1: as well, so make sure to check out the Flux
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  Speaker 1: app before you go on your buying Spray.
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  Speaker 2: Three highly beneficial stories today. Juzzy Boy, Let's do it
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  Speaker 2: for our first air Tasker has raised more than twenty
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  Speaker 2: six million dollars to grow its brand in the US
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  Speaker 2: and UK, but it has not raised cash so a.
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  Speaker 1: Tasker raised, but not money some type of riddle. Wee man,
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  Speaker 1: tell me what's to go here?
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  Speaker 2: Well, Juzzyboy. Air Tasker is the online marketplace to outsource
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  Speaker 2: everyday tasks.
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  Speaker 1: User describe a task and then air Tasker's bid to
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  Speaker 1: complete the task.
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  Speaker 2: And people have asked air Taskers to do a whole
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  Speaker 2: range of regular.
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  Speaker 1: Tasks like help me move furniture.
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  Speaker 2: There's also some completely bizarre requests like dress my persion
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  Speaker 2: cast or pretend to be my girlfriend in front of
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  Speaker 2: my parents.
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  Speaker 1: The air Tasker was founded back in twenty twelve and
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  Speaker 1: it listed on the ASEX in twenty seventeen. Now it
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  Speaker 1: has plans to expand aggressively in the US and the UK.
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  Speaker 2: So Jazzy Boy air Tasker has raised more than twenty
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  Speaker 2: six million dollars from media groups in the US and
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  Speaker 2: the UK, including iHeartMedia in the US.
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  Speaker 1: But man, here's the plot twist. This isn't a traditional
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  Speaker 1: cash injection.
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  Speaker 2: Oh no, no, no, my little friend over there. This
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  Speaker 2: is in the form of a media for equity deal
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  Speaker 2: or media capital Interesting, So what is the key learning here?
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  Speaker 2: Media for equity is an investment model where a company
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  Speaker 2: gets media coverage in exchange for issuing shares in that company.
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  Speaker 1: You see the Man.
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  Speaker 2: Advertising can be expensive and media companies often have leftover
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  Speaker 2: TV or radio spots that they need to fill. So
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  Speaker 2: by swapping ad slots for equity, everybody wins. The brands
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  Speaker 2: build awareness, and media companies get a stake in the
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  Speaker 2: company's success, and Air Tasker gets to promote its Persian
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  Speaker 2: Cat costumes to even more people.
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  Speaker 1: And be man. In twenty twenty four alone, Air Tasker's
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  Speaker 1: raised more than fifty one million dollars in media capital.
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  Speaker 1: They are the only company going down this route though, Nope.
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  Speaker 1: We've seen Bookie Points Bets sign a five year partnership
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  Speaker 1: with US media company NBC Universal.
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  Speaker 2: We also saw Raise the Investment Platform sign a media
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  Speaker 2: for equity deal with seven West Media, so be Man.
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  Speaker 1: This deal will hopefully help Air Tasker drive its brand
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  Speaker 1: awareness in very new markets.
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  Speaker 2: For our second story, a Webjet is in the firing
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  Speaker 2: line after the A Triple C has alleged that Webjet
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  Speaker 2: advertised flights and then requested additional payments after the booking
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  Speaker 2: had been confirmed.
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  Speaker 1: Webjet hitting some turbulencmas the worst tind so what is
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  Speaker 1: going on here?
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  Speaker 2: Well, Webjet was founded in nineteen ninety eight and is
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  Speaker 2: going to become one of Australia's largest online travel agency
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  Speaker 2: and be man.
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  Speaker 1: Earlier this year it actually emerged from its beta, the
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  Speaker 1: hotel platform Webbeds, which became a totally separate company.
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  Speaker 2: But now the A Triple C has taken Webjet to
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  Speaker 2: court over misleading and deceptive conduct.
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  Speaker 1: They claim that between twenty eighteen and twenty twenty three,
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  Speaker 1: Webjet allegedly advertised airfares that excluded fees.
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  Speaker 2: Nothing worse than getting whacked with an additional fee after
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  Speaker 2: you feel like you've already paid.
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  Speaker 1: But it gets worse, be man because in some cases
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  Speaker 1: Webjets sent it email to customers confirming the booking and
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  Speaker 1: then requested additional payments of seven hundred and seventy dollars
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  Speaker 1: to complete the bookie.
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  Speaker 2: That's right, flax fam seven seven zero dollars and be man.
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  Speaker 2: That is why the A Triple C is come and knocking.
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  Speaker 2: And after this warning the shares of Webjet dropped more
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  Speaker 2: than six percent. Wowee, So what is the key learning here?
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  Speaker 1: Nothing spooks investors are like a regulator poking its head around.
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  Speaker 2: To see jazzy boy.
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  Speaker 1: When the A Triple C comes knock and uncertainty tends
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  Speaker 1: to skyrocket. That's because of the uncertainty around the potential penalty.
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  Speaker 2: As well as the implications for the business.
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  Speaker 1: Well there being assid fine, do we need to overhaul
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  Speaker 1: the business model?
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  Speaker 2: Is there an entire department missing the memo on what
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  Speaker 2: is acceptable?
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  Speaker 1: For example b Man. In September last year, the hriable
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  Speaker 1: C announced an investigation into Quantus's ghost fights.
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  Speaker 2: And I do recall the fine was potentially up to
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  Speaker 2: six hundred million dollar dudas.
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  Speaker 1: Next minute, Quantits's share price dropped around two percent.
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  Speaker 2: But when the ahable C actually announced the penalty, juzzy
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  Speaker 2: boy of one hundred and twenty million dollars investors actually
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  Speaker 2: responded positively.
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  Speaker 1: In fact, after the penalty was announced, quantas a share
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  Speaker 1: price actually increased.
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  Speaker 2: So Webjet will be hoping this deal gets done swiftly
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  Speaker 2: so at share price doesn't cop another beating.
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  Speaker 1: For our third and final story, Donald Trump has threatened
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  Speaker 1: a huge trade war with Mexico, Canada and China after
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  Speaker 1: threatening them with woppin tariffs.
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  Speaker 2: Nothing quite like firing shots at your biggest trading partner
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  Speaker 2: even before coming into power. Again, tell me more, Okay,
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  Speaker 2: So we know.
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  Speaker 1: Donald Trump won the US election in early November.
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  Speaker 2: And since then he started to give some not so
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  Speaker 2: subtle hints on his plans while in office.
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  Speaker 1: Like appointing Elon Musk to a new department for government
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  Speaker 1: efficiency called DOGE.
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  Speaker 2: And now juzzy boy Trump is worn that he'll be
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  Speaker 2: whacking some major tariffs on some of the US's biggest
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  Speaker 2: trading partners.
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  Speaker 1: Yep, he said he'll slap a twenty five percent tariff
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  Speaker 1: on Canadian and Mexican product.
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  Speaker 2: If they don't stop the flow of migrants and illicit
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  Speaker 2: drugs across the US border.
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  Speaker 1: And he'll slap a ten percent tariff on Chinese product.
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  Speaker 2: If they don't stop the trafficking of fentanyl into the
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  Speaker 2: US and be man A.
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  Speaker 1: Trump warned that these tariffs will remain in place until
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  Speaker 1: they listen to his demands.
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  Speaker 2: But Jazibay, the Mexican president, has said that she will
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  Speaker 2: whack her own tariffs on the US.
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  Speaker 1: And China said nobody wins a trade war, so what
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  Speaker 1: is the key learning here?
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  Speaker 2: A trade war happens when countries impose tariffs or other
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  Speaker 2: restrictions on each other's goods. You put a tariff on me, Oh,
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  Speaker 2: put a bigger tariff on you, we put a bigger
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  Speaker 2: tariff on me, Well, I'll hit you even harder.
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  Speaker 1: It's kind of like an economic tug of war where
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  Speaker 1: each side tries to gain the upper hand and jaziboie.
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  Speaker 2: While this might seem like a way to protect the
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  Speaker 2: country's own industries, the will losers are off from the
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  Speaker 2: end consumer.
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  Speaker 1: For example, b Man, the US purchases nine hundred and
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  Speaker 1: twenty billion US dollars worth of goods from Mexico and
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  Speaker 1: Canada each year.
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  Speaker 2: While Mexico is the number one exporter of many fruits
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  Speaker 2: into the US like raspberries and tomatoes and avocada.
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  Speaker 1: And so the tariffs are raised, you can bet that
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  Speaker 1: retailers that will be passing those costs onto consumers.
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  Speaker 2: Like you and me and every US citizen yep, and
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  Speaker 2: those avocados are going to be worth their weight in
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  Speaker 2: gold or crypto.
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  Speaker 1: So ultimately, be man. If this does turn into a
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  Speaker 1: trade war, it will create ripple effects across the whole economy. Indeed,
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  Speaker 1: fluxaming here is a fun back for you. Eighty percent
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  Speaker 1: of Black Friday purchases that go to waste within twelve months.
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  Speaker 1: This Black Friday check out our article in the Flux
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  Speaker 1: app all about how to best approach Black Friday and
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  Speaker 1: not make those wasteful purchases. Make sure to download the
• 6:30
  Speaker 1: Flux app to check it out and win at money.
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  Speaker 2: Thanks for listening, and we'll see you on a Monday