Latest / What the Flux / Me&U cuts 10% jobs | Nvidia richer by $35B | Jaguar sheds off old skin

Transcript

Me&U cuts 10% jobs | Nvidia richer by $35B | Jaguar sheds off old skin · What the Flux

• 0:05
  Speaker 1: This is what the Flux.
• 0:06
  Speaker 2: I'm Brett and I'm Justin and it's Friday, the twenty
• 0:08
  Speaker 2: second of November.
• 0:09
  Speaker 1: Jay Way. Last week we spoke about the Federal government
• 0:12
  Speaker 1: banning social media apps for teens under the age of sixteen.
• 0:14
  Speaker 1: Now the big dogs like TikTok and Meta have been
• 0:17
  Speaker 1: warned if you don't enforce these rules, you could cop
• 0:19
  Speaker 1: a fifty million dollar five and Juzzy Boy. It's not
• 0:23
  Speaker 1: just those two. Snap looks to be the most affected
• 0:25
  Speaker 1: here in Australia, with eighty percent of their users under
• 0:27
  Speaker 1: the age of twenty.
• 0:28
  Speaker 2: Four shots have been fired by the Federal government b Man. Indeed, Floxam,
• 0:31
  Speaker 2: if you want to pick up fifty bucks before you
• 0:33
  Speaker 2: kick off the weekend, there is always only one place
• 0:35
  Speaker 2: you can do this, in the Flux app. If you're
• 0:37
  Speaker 2: the first person to answer the three business or finance
• 0:39
  Speaker 2: questions correctly, you'll walk away with fifty bucks in your hand.
• 0:43
  Speaker 2: To make sure to download the Flux opp turn your
• 0:45
  Speaker 2: notifications on to win at money.
• 0:47
  Speaker 1: Three victorious stories today, Juzzy Boy, let's do it for
• 0:50
  Speaker 1: our first me and you. The QR code ordering startup
• 0:53
  Speaker 1: will lay off around ten percent of its workforce just
• 0:56
  Speaker 1: one year after merging with its arts rival, Mister Young's.
• 1:00
  Speaker 2: Fair to say the honeymoon phase for Me and You
• 1:01
  Speaker 2: and Mister Yum is officially over. So tell me more well.
• 1:04
  Speaker 1: Jusey Boy and Mister Young and Me and You are
• 1:06
  Speaker 1: both mobile ordering platforms for pubs and cafes.
• 1:09
  Speaker 2: Both of them were found in Australia in twenty eighteen.
• 1:12
  Speaker 1: Both of them specialized in those little QR codes at
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  Speaker 1: restaurants that lets you order without speaking to a human
• 1:17
  Speaker 1: waiter or waitress.
• 1:18
  Speaker 2: But being in September twenty twenty three, the two companies
• 1:21
  Speaker 2: surprisingly decided to merge.
• 1:23
  Speaker 1: Indeed, yep, they were competing against each other with the
• 1:26
  Speaker 1: same product for the same customers.
• 1:27
  Speaker 2: Yeah, and when they merged, they kept the men you
• 1:29
  Speaker 2: name and now claimed to be the world's biggest mobile
• 1:32
  Speaker 2: ordering app for pubs and cafes.
• 1:33
  Speaker 1: But now Juzi Boy, Me and You is going to
• 1:35
  Speaker 1: lay off ten percent of its workforce.
• 1:37
  Speaker 2: The reason you may be asking me, man, Yes, they
• 1:39
  Speaker 2: are desperate to reach break even in twenty twenty.
• 1:42
  Speaker 1: Five, and when a merger takes place, there's often overlapping positions.
• 1:46
  Speaker 2: Two HR teams, two legal teams, two sales functions, so
• 1:49
  Speaker 2: Jazie Boy, in order to hit break even, Me and
• 1:50
  Speaker 2: You has decided it's time to.
• 1:52
  Speaker 1: Clear the decks.
• 1:54
  Speaker 2: So what is the key learning year?
• 1:55
  Speaker 1: Business success isn't all about going fast, It's actually about
• 1:59
  Speaker 1: becoming profitable.
• 2:00
  Speaker 2: You see, be Man. Before merging with Me and You,
• 2:02
  Speaker 2: mister Young had already raised over one hundred million dollars.
• 2:05
  Speaker 1: But it hadn't managed to reach profitability yet.
• 2:08
  Speaker 2: Mask Growing startups often prioritize expansion to capture market share
• 2:12
  Speaker 2: ahead of profitability.
• 2:13
  Speaker 1: And mister Young was no different. It's all growth of
• 2:15
  Speaker 1: one hundred and thirty five percent year on year in
• 2:18
  Speaker 1: twenty twenty two.
• 2:19
  Speaker 2: But be Man, this strategy can sometimes and often does,
• 2:22
  Speaker 2: come at the cost of profitability.
• 2:23
  Speaker 1: Because often growth can be pretty darn expensive.
• 2:26
  Speaker 2: Between the hiring of sales staff, building brand awareness, improving
• 2:29
  Speaker 2: the actual product.
• 2:30
  Speaker 1: And jazyboid. The decision to refocus on profitability instead of
• 2:33
  Speaker 1: just growth is often a sign of a maturing business.
• 2:36
  Speaker 2: Or an impatient investor pase who want to start seeing
• 2:40
  Speaker 2: financial return.
• 2:40
  Speaker 1: Either way, the merged Me and You knows that the
• 2:43
  Speaker 1: fastest way to get there will be to reduce their
• 2:45
  Speaker 1: workforce costs.
• 2:46
  Speaker 2: For our second story in video, share price dropped after
• 2:49
  Speaker 2: releasing its quarterly results, but its CEO reckons the AI
• 2:53
  Speaker 2: gold rush is going full steam ahead Seal two to two.
• 2:56
  Speaker 1: If you ask me, Jazzy Boy in Video cannot stop
• 2:58
  Speaker 1: and just will not stop, so tell me okay.
• 3:00
  Speaker 2: So in Video was founded in nineteen ninety three.
• 3:02
  Speaker 1: Specializing in graphics processing units or GPUs for gaming Beman.
• 3:07
  Speaker 2: By the mid twenty tens, it began investing heavily in
• 3:10
  Speaker 2: using its computer chips for AI, back when everyone else
• 3:12
  Speaker 2: was spending their time and energy on virtual reality. Headzepp
• 3:15
  Speaker 2: still waiting on the results there and b man, it
• 3:17
  Speaker 2: was a pretty good coll point in video because its
• 3:19
  Speaker 2: market value has grown to more than three point six
• 3:21
  Speaker 2: trillion US dollars.
• 3:22
  Speaker 1: So, in other words, it's the most valuable company in
• 3:24
  Speaker 1: the whole wide world. See your later, Apple, Amazon, and
• 3:27
  Speaker 1: Alphabet And now Jazzy Boy in Video has announced its
• 3:30
  Speaker 1: third quarter revenue of just over thirty five billion US
• 3:34
  Speaker 1: dollars for the quarter, that is.
• 3:35
  Speaker 2: A ninety four percent year on year increase.
• 3:38
  Speaker 1: Interestingly, in Video share price dropped two percent after these results.
• 3:41
  Speaker 2: Beating expectations just doesn't cut it anymore. Beamn, you've got
• 3:44
  Speaker 2: to smash them to make Wall Street happy.
• 3:46
  Speaker 1: But given in Video is now the largest company in
• 3:48
  Speaker 1: the world, its results hold a lot of sway in
• 3:51
  Speaker 1: public share markets.
• 3:52
  Speaker 2: Too true, So what is the key learning here?
• 3:54
  Speaker 1: A handful of companies hold the key to the entire
• 3:57
  Speaker 1: global stock market.
• 3:58
  Speaker 2: Get this, Beman and Video a low accounts for six
• 4:01
  Speaker 2: point seven percent of the SMP five hundred index and
• 4:04
  Speaker 2: Juboy just ten stocks make up thirty percent of the index.
• 4:07
  Speaker 2: So be man. The idea that investing in the SMP
• 4:09
  Speaker 2: five hundred index is good for diversifying your investment is
• 4:12
  Speaker 2: kind of starting to fall apart.
• 4:14
  Speaker 1: Too many eggs in too few baskets, if you ask
• 4:16
  Speaker 1: my good self.
• 4:17
  Speaker 2: Yeah, but be man. With so much market concentration in
• 4:19
  Speaker 2: so few companies, it creates a pretty big risk. Well
• 4:22
  Speaker 2: be called Josey boy House So well, the success and
• 4:24
  Speaker 2: failure of many investments are becoming tied to a small
• 4:27
  Speaker 2: group of tech giants.
• 4:29
  Speaker 1: So let's say these companies face a downturn. It could
• 4:31
  Speaker 1: really ripple through the entire economy.
• 4:33
  Speaker 2: And be man, it ain't just investors on the stock
• 4:35
  Speaker 2: market who could be effected. Thinking about superfuns international ETFs
• 4:39
  Speaker 2: as well. For our third and final story. Jaguar, the
• 4:42
  Speaker 2: British car maker, has rolled out a brand spanking new
• 4:45
  Speaker 2: logo as part of its plans to transform into an
• 4:48
  Speaker 2: electric only brand.
• 4:50
  Speaker 1: A heap of backlash coming their way. Juzzy boy, I've
• 4:52
  Speaker 1: got my eye on it, So tell me more.
• 4:53
  Speaker 2: Okay, so Benman. Jaguars founded in nineteen twenty two in
• 4:56
  Speaker 2: the United Kingdom and has been known as a pretty
• 4:58
  Speaker 2: iconic British luxury brand.
• 5:00
  Speaker 1: We all know that Jaguar perched on the front of
• 5:02
  Speaker 1: the car that looks like it's about to leap off
• 5:04
  Speaker 1: that be man.
• 5:05
  Speaker 2: Back in nineteen ninety nine, Ford acquired Jaguar, and then
• 5:07
  Speaker 2: in two thousand and eight during the GFC, Tatar Motors
• 5:10
  Speaker 2: acquired Jaguar.
• 5:11
  Speaker 1: Just keeps changing hands.
• 5:12
  Speaker 2: And the man now Tata is making a pretty bold
• 5:15
  Speaker 2: move with the Jaguar brand.
• 5:16
  Speaker 1: Yeah, last year they stopped producing any new Jaguar cars
• 5:19
  Speaker 1: all gone and.
• 5:20
  Speaker 2: It was all part of their plan to transition to
• 5:22
  Speaker 2: an electric only brand.
• 5:23
  Speaker 1: And as part of this transition, the iconic Jaguar logo
• 5:26
  Speaker 1: has been scrapped.
• 5:27
  Speaker 2: And in comes the new leaping cat as well as
• 5:30
  Speaker 2: a kind of uppercase, kind of lowercase logo.
• 5:33
  Speaker 1: And jaziboit with this brand's making new logo. Jaguar plans
• 5:36
  Speaker 1: to launch three new electric cars by twenty twenty six, so.
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  Speaker 2: They made it very clear that it is a totally
• 5:40
  Speaker 2: new brand and will not be confused with their existing petro.
• 5:43
  Speaker 1: Motives confusing stuff Dozzy boy. So what is the key
• 5:46
  Speaker 1: learning here?
• 5:46
  Speaker 2: Brand's trying to reinvent themselves need to work a fine
• 5:49
  Speaker 2: line between innovation and preserving their legacy.
• 5:52
  Speaker 1: See juzzy Boy. A logo is the first impression a
• 5:55
  Speaker 1: company makes with its customer Nikes, tic Macas, Golden Arches.
• 5:59
  Speaker 2: Loca Cola's red scripted writing.
• 6:01
  Speaker 1: So by updating their iconic leaping cat, Jaguar is trying
• 6:05
  Speaker 1: to send a message to the market.
• 6:06
  Speaker 2: We ain't just another car company doing a bit of petrol,
• 6:08
  Speaker 2: a bit of diesel and a bit of electric.
• 6:10
  Speaker 1: We are electric.
• 6:12
  Speaker 2: But be man. It takes a pretty brave company to
• 6:15
  Speaker 2: update a very iconic logo.
• 6:16
  Speaker 1: Comes with the risk of alienating existing customers and existing
• 6:19
  Speaker 1: fans who have built a strong emotional connection with the
• 6:22
  Speaker 1: original design.
• 6:23
  Speaker 2: And be man. Might I remind you back in twenty
• 6:25
  Speaker 2: ten when fashion retailer Gap unveiled a new logo that
• 6:28
  Speaker 2: was a modernized logo.
• 6:29
  Speaker 1: And Jazy Boys better say that customers hated it.
• 6:32
  Speaker 2: Yep, so much so the Gap reverted to its original
• 6:35
  Speaker 2: logo just a week later. Could say the same thing
• 6:37
  Speaker 2: here with Jaguar Plasdam. There is only one place to
• 6:40
  Speaker 2: be on a Friday. It's not at work, it's not
• 6:41
  Speaker 2: at the beach. It is right next to your phone,
• 6:43
  Speaker 2: waiting for that Flux notification to come through to your phone.
• 6:46
  Speaker 2: If you are the first to answer three questions correctly,
• 6:48
  Speaker 2: the key bucks will hit your account to make sure
• 6:51
  Speaker 2: to download the Flux outturn on your notifications to win
• 6:53
  Speaker 2: at money.
• 6:54
  Speaker 1: Thanks for listening and we'll see you on Mondays.