Shows / 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
- What the Flux
$105 million capital raise for construction-tech | Sequioa buys its own stock | Budget mobile wins against telco giants
A construction tech company in Australia called Hammertech has raised $105 million as it looks to expand into the US and Europe. One of the major investors in…
- What the Flux
Crown Resorts sells its Nobu shares | Shein cleans up ahead of IPO | BHP big nickel cuts
Crown Resorts has sold its 20% stake in the Nobu restaurant chain and this sale values the chain at $1.3 billion. Shein is investing $270 million USD into fund…
- What the Flux
The ACCC turns The Good Guys bad | Spotify takes on Meta | Samsung's new secret to longevity
Aussie retailer, The Good Guys, has been alleged to have failed to provide store credits to thousands of eligible consumers…and now the ACCC wants to have…
- What the Flux
Telstra jacks up prices | Saks 5th Avenue x Amazon acquisition | Paramount's mega-merger
Telstra will be jacking up the prices of its mobile phone plans by more than the inflation rate as part of its plans to grow faster. Saks Fifth Avenue's parent…
- What the Flux
New laws mean Netflix could get Grand Final rights | Airtasker's $5 million swapsies | Threads celebrates year one
Amazon, Netflix and Kayo could now outbid free-to-air networks for Australia’s biggest sporting events after a new law was passed late last week. Airtasker has…
- What the Flux
Booktopia's final chapter | Domino's cheesy challenge | Tesla shares up by 10%, but...
Booktopia has gone into voluntary administration after it struggled to cope with its financial struggles. Domino’s Pizza is expecting its 2024 profit estimates…
- What the Flux
TPG's content-play to take on Telstra | YouTube's worried about AI-generated content | Nike's fails to 'do it' for investors
TPG is setting up a new battlefield against Telstra after partnership with Foxtel’s new streaming aggregation platform Hubbl. YouTube has rolled out a new…
- What the Flux
ANZ gets approval for Suncorp merger | Nine cuts 200 jobs | Fujifilm's retro reboot
ANZ has been given the green light to take over Suncorp’s banking arm for $4.9 billion after nearly two years of battling and appealing - but now there’s a…
- What the Flux
Qatar Airways' bid for Virgin | TikTok's new Instagram-competitor | New owners for Women's Basketball
Qatar Airways is looking to acquire a 20% stake in Virgin Airlines, which acould really shake up the aviation industry. TikTok’s owner has quietly released a…
- What the Flux
Cettire's share price plummets 50% | Myer's major expansion | Prezzee gifted a $79m loss
Cettire, the luxury fashion retailer’s share price plummeted by 50% after it announced a 20% drop in its earnings forecast. Myer has announced new plans to…
- What the Flux
Penfold's new Chinese strategy | Revolut's pre-IPO raise | Kathmandu's freezing cold performance
Penfolds is planning to re-enter the Chinese market with a bang after the monster tariffs have been removed from winemakers. Revolut, the UK-based neobank, is…
- What the Flux
GYG's spicy entry onto the ASX | Netflix launches "Netflix Houses" | City Chic's 30% sales drop
Guzman y Gomez publicly listed yesterday in the ASX’s biggest float in over three years. Netflix is ramping up its physical world presence with two new Netflix…
- What the Flux
Telstra quits "carbon neutral" goal | Wrigley's new angle for chewing gum | Stake.com's major lure
Telstra has scrapped its commitment to a carbon offset scheme created by the government as well as its plans to become “carbon neutral”. Mars Wrigley, the…
- What the Flux
AGL's $150 million tech investment | BeReal sold for €500M | Jake Paul big 'W'
AGL Energy has invested $150 million into a new energy-tech platform to compete with Origin Energy. BeReal, the biggest social media app of 2022, has been sold…
- What the Flux
Chemist Warehouse’s merger faces mega-roadlock | Apple + ANZ's BNPL collab | Qantas acquires TripADeal
Chemist Warehouse’s IPO listing has hit a roadblock after the ACCC has warned that its merger would “substantially lessen competition”. Apple is introducing…
- What the Flux
Apple unveils Siri-GPT | Toyota $15 billion crash to its reputation | Bapcor's takeover bid
Apple has announced a partnership with ChatGPT’s creator to bring generative AI tools to iPhones - as part of their new age of AI… or ‘Apple Intelligence’…
- What the Flux
Virtual Gaming World's cash splash | Robinhood's crypto acquisition | Lululemon stretches its profit
Virtual Gaming worlds, the Australian social gaming giant, has delivered a massive $360 million dividend to investors in its third payout for the financial…
- What the Flux
SPC cuts down peaches | Champion's $1.2 billion sale | Zoom dabbles with AI Clones
SPC is cutting back its canned fruit production as cost-of-living sees consumers opting for cheaper options. The owner of Champion, the sportswear brand, will…
- What the Flux
Life360 's double life | Instagram tests unskippable ads | Booktopia's in a world of pain
Life360, the kids tracking software, has launched its Nasdaq IPO, which means it will now be dual-listed on the ASX and Nasdaq. Meta is testing a new feature…
- What the Flux
Guzman's billion dollar listing | Take me home, Country Road | Salesforce's biggest drop in 20 years
Guzman y Gomez, the Mexican fast food chain, has announced plans to list on the ASX in June at a multi-billion dollar valuation. The owner of Country Road…
- What the Flux
Catapult Sport's tracking upwards | 1 billion reasons Sony loves Queen | BHP gives up on its $72 billion bid
Catapult Sport, the ASX-listed sports tech company, has hit $100 million USD in revenue for the first time after doubling down on growing its subscription…
- What the Flux
Cettire’s controversy | Petstock's new competitor | TPG’s calls out tech giants
Cettire, the Australian luxury goods marketplace, has seen its share price jump more than 10% after it denied allegations that it has fake products on its…
- What the Flux
News Corp's deal with the devil | Ticketmaster's monopoly battle | Dion Lee goes into administration
NewsCorp has signed a deal with Open AI that will help train its ChatGPT’s engine on the back of major publications. The owner of Ticketmaster has been sued by…
- What the Flux
Xero's revenue numbers add up | Webjet explores demerger | Nvidia's in an AI gold rush
Xero, the accounting software platform, has seen its revenue spike more than 22% but AI is not going to revolutionise the business. Webjet, the online travel…
- What the Flux
Telstra cuts 2,800 jobs | Star Entertainment's new sparkle | Microsoft's revolutionary PC
Telstra will cut over 9% of its workforce, or 2.800 jobs, by the end of 2024 in order to stay competitive in the market. Casino giant, Star Entertainment has…
- What the Flux
Pizza Hut gets flamed for $2.5 million | Sony's warning shot to the bots | Buffet's billion dollar bet
Pizza Hut Australia has been fined $2.5 million for spamming customers with 10 million pizza-licious messages without their consent. Sony Music has sent a…
- What the Flux
Fonterra milks more cash | Netflix's "ad"-ventures | Converse's All Star dims
The owner of Mainland Cheese and distributor of Bega Cheese is planning to sell the brands in Australia because it wants to get out of the consumer-facing…
- What the Flux
The 'cost-of-living' Budget | ChatGPT's gone chatty | Hey Dude duds Crocs sales
The Albanese government dropped this year's federal budget with a $9 billion surplus, and this year, it’s all about cost–of-living. OpenAI has released the…
- What the Flux
Realestate.com.au's rental revenue | Baby Bunting big blues | Airbnb's returning to its roots
REA Group, the owner of Realestate.com.au, has seen a 24% jump in revenue for the first quarter, after a large rise in residential listings in Sydney and…
- What the Flux
Origin energised with $410M boost | TikTok's battle with the US | Disney's over-saturation problem
Origin Energy has made hundreds of millions of dollars…on paper.. After its investment in a UK energy supplier has skyrocketed. TikTok has launched a new…
- What the Flux
Envato sold for $373M | Ozempic's bulging prices | Will Sony take over Paramount Global?
Envato, the Australian tech company, has been sold for over $370 million, in one of the largest tech exits in Australian history. Novo Nordisk, the…
- What the Flux
NAB's billion dollar buyback | Afterpay's owner is under investigation | Is eBay fading into memory?
NAB has reported a nearly 13% drop in earnings, but saves the day with a $1.5 billion share buyback. Block, the owner of Afterpay and Square, is under…
- What the Flux
Goodbye to Bonza airlines? | Amazon's secret ad jump | Shein Australia's billion dollar dominance
Bonza, the regional budget airline, has gone into voluntary administration, after its aircrafts were repossessed. Amazon has smashed its revenue goals by 16%…
- What the Flux
Optus & TPG's marriage of convenience | Alphabet hits $3 trillion USD after major announcement | Crown Resorts slashes 1,000 jobs
TPG and Optus have signed a $1.6 billion deal to share mobile networks and expand their reach across regional Australia. Alphabet, the owner of Google, has…
- What the Flux
BHP's $60 billion bid | Meta shares down 15% | Google hides Australian revenue
BHP has made a nearly $60 billion bid to acquire a British mining company - to double down on copper and its copper mines. Shares in Meta fell more than 15%…
- What the Flux
Inflation remains sticky | Beckham vs Wahlberg in $10m battle | TikTok gets closer to US ban
The Reserve Bank of Australia (RBA) has announced inflation of 3.6% which is higher than expected.. And it means a rate cut in 2024 is looking less and less…
- What the Flux
ABC's generational problem | Amazon's 007 plot | Free-to-air TV vs the TikTok generation
ABC Radio has seen its audience share plummet to the lowest point ever as it struggles to sustain its hero products. Amazon has been selling goods on its…
- What the Flux
RM Williams has a new customer in mind | LinkedIn's new subscription | Netflix’s best result in years
RM Williams has invested $8 million to expand its focus on a growing women’s category. LinkedIn is testing a new premium subscription for Company Pages to help…
- What the Flux
Bonza hits major turbulence | LVMH sales slows down | Crocs and Pringles collab
Bonza, Australia’s fourth largest airline, has hit major turbulence after some major instability from its private equity owner LVMH saw its sales growth slow…
- What the Flux
News Corp Australia's mega re-structure | Apple loses its smartphone dominance | Tesla to cut 14,000 jobs
News Corp Australia is making its biggest company restructure in decades after Meta decided not to renew its News Bargaining deal with Australian publishers…
- What the Flux
BlueBet and Betr merger | Cettire struggling to woo investors | NextDC's running hot on AI
Two of Australia’s up and coming betting companies, BlueBet and Betr, will merge to compete with the big players in the betting space. Luxury fashion retailer…
- What the Flux
Ola shuts down immediately in Aus | Tesla's building robotaxis | KPMG’s $38 million exam fine
Ola has announced it will officially shut down its ride sharing services in Australia after 6 years as well as other international markets Tesla has reportedly…
- What the Flux
Qantas' biggest Rewards overhaul in 35 years | Woolworths' global collaboration | Uber Eats copies TikTok
Qantas has announced a major upgrade to its Frequent Flyer rewards points program which will cost it over $120 million. Woolworths is partnering with the UK’s…
- What the Flux
$1.2B: Sydney Airport doubles earnings | Canva makes more millionaires | Alphabet eyes Hubspot
Sydney Airport’s earnings have more than doubled, as Australia’s biggest airport makes the most of our return to flying - in Australia and globally. Canva has…
- What the Flux
Sportsbet's 27% drop | Spotify to raise prices in Aus | Tesla's new $3b car plant in India
The owner of Sportsbet, which is Australia’s biggest sports betting company, has said the company experienced a big 27% decrease in earnings for the last…
- What the Flux
Thanks China: Treasury Wines to increase prices | Google to destroy incognito data | Adam Neumann to own WeWork..again?
ASX-listed wine maker, Treasury Wines, is likely to increase prices on Penfolds wines, as China finally loosens tariffs on Aussie wine. Google is planning to…
- What the Flux
Armaguard's financial lifeline | Peter Alexander and Smiggle to separate | Spotify tests e-learning
Australia’s big banks and some of the Australia’s biggest retailers have given a financial lifeline to Armaguard to keep the cash transport company alive. The…
- What the Flux
Reddit's stock soared 48% | Unilever's ice cream spinoff | Baraja's value = down down
Reddit’s share price launched 48% on its first day as a listed company last week on the New York Stock Exchange. Unilever is melting away its ice cream…
- What the Flux
Chemist Warehouse's 30% profit | Gucci's $10B China problem | Hermes' class action suit
Chemist Warehouse has announced a profit increase of nearly 30% in the lead up to its proposed merger with Sigma Healthcare. Gucci’s got a problem, and its…
- What the Flux
Uber's $272M settlement | Google in talks with Apple | BHP's 100 job cuts
Uber is paying Aussie taxi drivers $272m in big class action settlement Google is looking to partner up with Apple to licence the Google Gemini AI system for…
- What the Flux
Amazon's secret tool to challenge AusPost | Liquid Death's valuation jump... for water | PwC slashes jobs
Amazon is recruiting a fleet of contractors to grow its delivery network in Australia, and take on Australia Post. Liquid Death, the canned-water brand that…
- What the Flux
Optus is for sale | Myer's new loyalty strategy | TikTok's big ban in the US
Optus’ owner, Singtel, is looking like to sell the Aussie telco in a multi-multi billion dollar deal. Myer has seen its share pop more than 5% after it managed…
- What the Flux
Google splits away from Meta in Australia | Musk to open up Grok to the world | Pfizer focuses on curing cancer
Google Australia is going to split away from Meta as it looks to renegotiate its media deals under the Media Bargaining Code. Elon Musk has announced that xAI…
- What the Flux
Amazon Australia steals market share | Apple faces $2 billion fine | Tigerlily falls into administration...again
Amazon has crossed $3 billion in sales in Australia as it snatches customers from its competitors. Apple has been whacked with a $2B euro fine in Europe for…
- What the Flux
Private health insurance's price jump | Reddit plans to IPO with a twist | Bitcoin's cracks $100k
Private health premiums in Australia are going to rise by the biggest amount in five years on April 1st. Reddit, the social media platform, is planning to IPO…
- What the Flux
Meta breaks up with Aussie publishers | Life360's shares skyrocket | Bumble's problem with Gen Z
Meta has warned that it won’t renegotiate new Australian media deals as it plans to pull the News tab from its app in Australia. Life360, the ASX-listed family…
- What the Flux
Harvey Norman's got confidence | Apple ends its electric dream | Disney's Indian collab
Harvey Norman has seen its pre-tax profit drop by more than 45% because Aussies are feeling the pinch of living. Apple has decided to pull the electric-plug on…
- What the Flux
Kogan's profitable pivot | Adore Beauty gives customers love | Formula 1's new beauty partnership
Kogan.com has seen its net profit triple over the past six months even as it saw its sales decrease. Adore Beauty has seen its revenue increase to over $100…
- What the Flux
Medibank's growing pains | Vice Media turns off its website| Nintendo delays the new Switch
Medibank’s share price has been whacked after it failed to achieve its forecasts thanks to slow member growth. Vice Media is laying off hundreds of jobs and is…
- What the Flux
Qantas' positive spin on profit drop | Nine haunted by the ad market | Nvidia's chips smash lofty expectations
Qantas has announced a 13% drop in half-year profits, but some are seeing this as a positive sign. Nine Entertainment has seen its profit drop by more than 40%…