What the Flux

Virgin Australia has been sold to investment company Bain Capital after the other company in the bidding process, Cyrus, dramatically pulled its bid.For the first time, Google has agreed to pay for news content, after locking in agreements with Australian publishers.Vodafone and TPG have finalised their $15 billion merger, meaning Australians can expect more competitive broadband and mobile phone plans.---Check your credit health: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroup---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Qantas is cutting 20% of its workforce, 6000 workers, as part of its COVID recovery plan.Amazon is launching a $2 billion investment fund to invest in climate technologies across transportation, storage and food.Apple iPhones will get an all new look in 2020 as Apple unveils a radical shake-up for the iPhone.---Check your credit health: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroup---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Nestle is changing the names of Australian lollies Red Skins and Chicos, following global anti-racism protests.Supermarket chain Woolworths will spend $780 million on automated, hi-tech warehouses, which will result in 1,350 lost jobs.Australia is 1 of just 10 countries to retain its perfect ‘AAA’ credit rating despite the coronavirus and global recession.---Check your credit health: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroup---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Canva, the Aussie graphic design tech company, is now valued at $8.7 billion - the most valuable private tech company in Australia.Patagonia has joined The North Face in boycotting Facebook and Instagram as part of the 'Stop Hate for Profit' campaign.Deloitte is the latest professional services firm to make significant cuts to its Australian workforce following major drops in revenue.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

The ABC underpaid employees by $12 million over more than six years.Website traffic at Carsales has had a significant rise over the last 8 weeks, as car buying and selling is embraced post lockdown.Almost $3 billion has disappeared from European tech company Wirecard, with the CEO quitting following the revelation.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

UberEats rival DoorDash has raised nearly $600 million and is now valued at $23 billion.The number of Australians who pay to read news online has gone up by 100% in the last 4 years.The Australian government will overhaul uni fees to encourage students to study for jobs in priority industries.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

The owner of Women’s Weekly and New Idea is selling its magazines company and is exiting Australia altogether.LinkedIn is the latest social media company to launch a ‘stories’ feature in Australia.Spotify has locked in the exclusive rights to a new Kim Kardashian West podcast.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

The two companies vying to own Virgin Australia would run it very differently to eachother: low-cost v culture first.WeWork Australia is depending on its US owner to fund its operations and ensure it survives the pandemic.Cameo, an app that lets users pay celebrities to send personalised video messages, is the world’s latest tech sensation.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

After months of testing and PR, WhatsApp has finally launched in-app payments.Logistics company GetSwift misled investors over its profit potential according to Australia’s corporate regulator.Apple’s App Store generated $519 billion in sales for 2019. Timing of the report was interesting though.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Amazon Australia has launched an online bottle-o, capitalising on the rise in alcohol consumption during lockdown.Starbucks is launching a new store format for the post COVID world, as the pandemic drags down sales by $4.6 billion.Australia's up and down sharemarket in 2020 has attracted a major influx of non-professional investors seeking to make money fast.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

A new government proposal to modernise media regulations could mean Stan, Netflix and Disney+ would be required to invest in local Australian content.Thanks to lockdown, JB Hi-Fi is set to achieve its biggest profit growth in 10 years.Japanese electronics giant Sony has finally revealed the PlayStation 5, but did Sony miss its golden opportunity?---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

NAB will spend $50 million on new courses to improve the ethical and professional standards of its 34,000 staff.IBM is cutting its facial recognition business because it could lead to mass surveillance and inequality.Online business lender Prospa’s latest results reveal the extent to which Australian small businesses are battling.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Domino’s has emerged from lockdown well, thanks to its focus on tech and delivery, rather than in-store dining.Airbnb has restarted conversations about an IPO in 2020 despite raising an emergency $2 billion in April.Tesla has new competition in the electric car market following startup Nikola’s successful IPO.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

F45’s IPO is on hold as the pandemic has forced the company’s studios to close and therefore revenue to fall.Bunnings has achieved its strongest sales growth in decades due to a rise in demand for home repairs and DIY jobs.Slack’s share price dropped 16% when investors compared its growth plans for the next year against Zoom’s growth plans.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Online retailer Kogan is worth five times more than Myer after jump in sales during lockdown.The AFL has asked Sportsbet to avoid releasing controversial ads as the season restarts this week.The owner of Louis Vuitton is exploring ways to renegotiate its $16.2 billion purchase of Tiffany.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

New home builders and renovators can get $25k cash grants under new government program.Profit at McDonald’s Australia has dropped as Aussies become more health conscious and prefer home delivery.Beauty industry giant Coty is in talks with Kim Kardashian on creating a new brand together after the company’s recent Kylie Cosmetics deal.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Woolworths has given staff $57 million in bonus shares.Zip will enter the US after acquiring buy now pay later company QuadPay for $400 million.Rio Tinto is facing significant brand damage after destroying an ancient Aboriginal site.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Amazon has taken the next step in entering the Australian pharmaceuticals sector with a new trademark application.‘Impact investments’ with an environmental or social purpose are expected to reach $100 billion in next five years.Emirates could take four years to resume flying to its entire network following the pandemic.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Facebook Australia earned over $650 million from advertisers in 2019, but its income tax was less than $17 million.Australia could avoid a recession and maintain its record of having the longest running economic growth streak in the world.Twitter’s investors were unfazed after Donald Trump targeted social media giants with an Executive Order.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Optus profits have dropped over 80% due to COVID, bushfires and intense competition.SpaceX has become the first private company to try to send humans to space.TikTok owner ByteDance made $3 billion profit last year - and earned more revenue than YouTube.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

After consistent losses, David Jones is considering selling its properties, including its flagship stores in Sydney and Melbourne, to reduce debt.Freelancer, the Australian freelancing marketplace, is enjoying an all-time high in user numbers - and believes it will thrive in a crisis.Amazon is in talks to buy Australian-founded self-driving car company Zoox for over $3b.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Afterpay and Ticketek have announced a new partnership in preparation for a post-shutdown events boom.Warner Music, the marketer of music by Katy Perry and Lizzo, is preparing for a $2.7b IPO.The Iconic is moving to 100% recycled delivery satchels to reduce the company's impact on the environment.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Google’s drone deliveries soar in Australia as online shopping goes nuts during pandemic.Prime Minister Scott Morrison reckons it is time to take the Australian economy out of 'intensive care' with a new $1.5b program.Lion, owner of Tooheys and XXXX Gold, is bringing 'healthy alcohol' brand White Claw to Australia---Facebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookWeb: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Accolade Wines, Australia's second largest wine company, is offering big discounts to bars, pubs and restaurants as they reopen post COVID.The poor ad market has led to the closure of BuzzFeed in Australia, as well as 10 Daily.Alibaba, the Amazon of China, has enjoyed a huge sales surge - but strangely, its shares dropped.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Wesfarmers, the owner of Target, has announced it will close up to 75 Target stores and cut 1,300 jobs.Hertz, one of world’s biggest car-rental companies, has filed for bankruptcy with about $29 billion in debt.Magic Leap, the much hyped (but struggling) augmented reality tech company has some raised $350 million despite the pandemic.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

The Australian government has rejected an offer from the Queensland government to invest in Virgin Australia.Video conferencing behemoth Zoom is confident that global giants Google and Facebook have “no chance” at catching up to Zoom.Woolworths has participated in an $8 million funding round for a new Aussie startup that builds and launches consumer brands.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookEmail: [email protected] content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

13cabs is entering the food delivery market to take on Uber Eats and Deliveroo.Facebook is taking on Amazon and eBay with its new ‘Shops’ feature - its biggest move into e-commerce yet.Spotify continues to build its podcast empire with the $100m acquisition of the Joe Rogan podcast.---Email: [email protected]: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/Fluxfacebook---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Disney’s head of streaming is leaving to become CEO of TikTok.Salesforce, Microsoft and Seek invest over $60m in Aussie training platform GO1.SoftBank’s Vision Fund, the world’s biggest tech investor, has reported its largest loss in history - $18 billion!---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookCash burn tool: www.flux.finance/cashburn---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Foxtel is set to launch its new streaming service Binge next week.Lululemon sales soar as working from home attire becomes the company's new best friend.Huawei, the Chinese phone maker and telecommunications company, is once again right in the middle of tensions between China and the US.---Facebook group: http://bit.ly/whatthefluxgroupCash burn tool: www.flux.finance/cashburnWeb: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook page: http://bit.ly/Fluxfacebook---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Kogan.com, the online retailer, is entering furniture and homewares with the acquisition of the furniture company Matt Blatt.Facebook has acquired Giphy, the animated gif search engine, in a deal worth around $400 million.Bondi Sands, known for its self tanning products, is speaking to potential investors about a full or partial acquisition.---Cash burn tool: www.flux.finance/cashburnWeb: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/Fluxfacebook---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Xero, the cloud accounting giant, has achieved its first full year of profit after 14 years.Facebook and Google should pay around $600 million a year to Australian media companies according to Peter Costello - Chairman of Channel Nine and former federal treasurer.Houseparty, the video chat app, is embracing a new direction: co-watching live video with friends.---Cash burn tool: https://bit.ly/FluxcashburnWeb: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/Fluxfacebook---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Australia’s Atlassian has acquired a startup to become more integrated with the popular messaging app Slack.EY, the professional services firm, has admitted that 20% of its staff do not want to return to the office as the Australian government prepares to kickstart the economy.Restaurant Brands International, the global company that owns Burger King and other fast food chains, believes the fast food industry will look significantly different after COVID-19.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/Fluxfacebook---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Australia’s third airline, Regional Express Holdings (aka REX), is set to capitalise on Virgin Australia's collapse by launching flights between Australia’s capital cities. Australia’s largest retail company, Premier Investments, is pushing for a totally new rent model for landlords - based on a percentage of sales rather than fixed monthly fees. To save his struggling airlines, Richard Branson, the British entrepreneur and founder of Virgin Group, is selling over $700 million worth of shares in his space travel company.---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/Fluxfacebook---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Channel Ten is getting ready to launch a new channel later this year with a special focus on the 16-39 year-old age bracket. Shopify, the e-commerce platform, has launched a new consumer-facing app that meshes Instagram and Amazon. A new Aussie start-up named LimePay has built a new version of Afterpay that lets retailers create their own form of buy-now-pay-later. ---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/Fluxfacebook---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

After almost two years of dating, TPG and Vodafone have been given the green light to get married (aka merge), - and the wedding is set for July. Nintendo’s annual profit has risen by over 40% - Nintendo’s best numbers in 9 years. Toll Group, the Australian logistics giant, has suffered a second major cyber attack this year. ---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/Fluxfacebook---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Amazon's share price fell this week when the company announced it will invest its latest profits into COVID-19 related expenses like worker safety.Despite the fabulous growth of UberEats, Uber's main business is suffering and has had to layoff 14% of its global workforce.Judo Bank, a new Australian bank focused on small businesses, has raised over $200 million at a valuation of more than $1 billion - joining Canva as an Aussie "unicorn". ---Web: https://www.flux.finance/Instagram: http://bit.ly/fluxinstaFacebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/Fluxfacebook---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Blackmores, the Australian vitamins company, has enjoyed a sales boost as Aussies hoard immunity products like Vitamin C.Telstra is investing in a major cyber security program that will protect its customers from COVID-themed cyber attacks.Electronic Arts, the video game publisher known for FIFA and Apex Legends, has achieved its best sales in 10 years thanks to the global shutdown.---Facebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookInstagram: http://bit.ly/fluxinstaWeb: https://www.flux.finance/---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Qantas is burning through $40 million a week because the majority of its flights are grounded due to the pandemic.Guzman y Gomez, the Australian-born, Mexican-style food chain, has abruptly stopped its high profile overseas expansion plans.Australia is missing out on $4bn of economic activity with every week of social distancing that goes by.---Facebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookInstagram: http://bit.ly/fluxinstaWeb: https://www.flux.finance/---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Westpac's 70% profit drop = its hardest year in history.AFL, NRL and other top Australian sports could miss out on $200m in broadcasting revenue this year - even if sport competitions recommence.Flight Centre does backflip after being stared down by the consumer watchdog - the ACCC.---Facebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookInstagram: http://bit.ly/fluxinstaWeb: https://www.flux.finance/---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Tencent, the internet giant that owns the Chinese version of Facebook, has bought 5% of Afterpay for $300m.Universal Pictures’ Trolls World Tour is succeeding at the box office despite the closure of cinemas - the movie has pioneered a new direct-to-streaming model, which could change the movie industry forever.Tesla has achieved a surprise profit for the last 3 months, despite factory closures and controversial tweets from the company’s CEO Elon Musk.---Facebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookInstagram: http://bit.ly/fluxinstaWeb: https://www.flux.finance/---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

To combat the falling residential market, realestate.com.au is offering free listings of properties - and they will only take a fee if the property sells.Microsoft has delivered strong sales of $35bn for the last 3 months, despite the economic impact of the coronavirus.Marley Spoon, the meal-kit delivery company, has achieved a 70% increase in sales over the last few weeks.---Facebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookInstagram: http://bit.ly/fluxinstaWeb: https://www.flux.finance/---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

A growing number of pessimistic investors are betting that Myer will collapse in the coming months, following a sharp fall in sales due to the pandemic.Velocity Rewards, the frequent flyer program of Virgin Australia, has requested that Virgin Australia repay the $150m it owes to Velocity and its members.According to Unilever, one of the world’s largest personal care product companies, lockdown has resulted in a significant drop in personal grooming.---Facebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookInstagram: http://bit.ly/fluxinstaWeb: https://www.flux.finance/---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Target has struggled so much during lockdown that its owner, Wesfarmers, is considering all available options, including potentially selling or closing down.Online sales at Accent Group, the company that owns The Athlete’s Foot, Platypus and Hype DC, have grown significantly in recent weeks, with the company converting stores into mini fulfilment centres.Younger Aussies who have had work hours cut or have been laid off are embracing the government’s superannuation early access scheme, with 2.3 million Australians expected to withdraw from super in the next 6 months.---Facebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookInstagram: http://bit.ly/fluxinstaWeb: https://www.flux.finance/---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

As media companies battle the effects of the pandemic, Foxtel is launching a new streaming service to rival Netflix.Australia's sovereign wealth fund, AKA the investment fund for Australia's economy and citizens, shrank by $6 billion in the last 3 months.Australians are used to being tracked by Facebook and Google, and now the Australian government is using similar technology to fight COVID-19.---Facebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookInstagram: http://bit.ly/fluxinstaWeb: https://www.flux.finance/---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Kanye West's brand Yeezy has bucked the retail trend after achieving a $3 billion valuation.Facebook is copying another competitor, Zoom, with its new videoconferencing product named Messenger Rooms.Salesforce and Australia's Atlassian are among the companies that have made huge profits from their investments in Zoom last year.---Facebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookInstagram: http://bit.ly/fluxinstaWeb: https://www.flux.finance/---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Some retailers, such as Chemist Warehouse and Super Retail Group (owner of Macpac and Rebel stores), are refusing to pay rent despite strong financial performance.Snapchat's share price had its best day in two years after announcing a major rise in revenue, following announcements from Facebook and Twitter that revenue has taken a hit in 2020.Buy now, pay later providers and predatory 'payday lenders' could be forced to adopt loan repayment freezes, like bank customers have, under new government legislation.---Facebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookInstagram: http://bit.ly/fluxinstaWeb: https://www.flux.finance/See omnystudio.com/listener for privacy information.

Due to both social distancing, and hit shows like Tiger King, Netflix has added more than 15 million subscribers between January and March.This week oil prices fell below zero for the first time on record as oil producers run out of space to store the oversupply of oil left by the coronavirus crisis.Treasury Wine Estates, the Australian company that owns Penfolds and Wolf Blass, has signed a partnership with Snoop Dogg to promote its 19 Crimes brand.---Facebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookInstagram: http://bit.ly/fluxinstaWeb: https://www.flux.finance/---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Virgin Australia has become the biggest corporate casualty of the COVID-19 pandemic with the company falling into voluntary administration. What does this mean for investors, Qantas and us?---Facebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookInstagram: http://bit.ly/fluxinstaWeb: https://www.flux.finance/---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

In order to keep up with demand, and to sell fewer items, Amazon is changing its website by removing personalised recommendations.Facebook and Google are being forced to pay Australian media companies when publishing their news stories - under a world-first code here in Australia.Prescriptions for medical cannabis are on the rise in Australia, as self isolation and the crumbling economy causes a spike in anxiety.---Facebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookInstagram: http://bit.ly/fluxinstaWeb: https://www.flux.finance/---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

The Commonwealth Bank expects house prices to drop by 10% over the next 6 months because of the coronavirus, with Melbourne and Sydney to experience the biggest drops.As major sporting competitions are paused due to the coronavirus, Esports is soaring in popularity, with Esports investors seeing returns of over 12% in the last year.Despite the significant drop in retail sales across Australia, activewear brands are maintaining strong levels of sales compared to other retailers.---Facebook group: http://bit.ly/whatthefluxgroupFacebook page: http://bit.ly/FluxfacebookInstagram: http://bit.ly/fluxinstaWeb: https://www.flux.finance/---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.