What the Flux

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 competitors e-commerce platforms for years under the alias “Big River Services” to gather intel on its biggest rivals. Free to air TV networks, like Seven and Nine, are worried for their futures as teenagers spend 83% less tim

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 raise company profiles on the platform. Netflix’s revenue has jumped 15% in the first quarter this year but warned the days of sharing subscriber numbers is all over red rover —Build the financial wellbeing of your tea

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 down to just 2% as its consumers pull back from Louis Vuitton bags and Hennessy cognac. Crocs and Pringles are collaborating on new clogs with an accessory you didn’t know you needed…an ankle holster for your potato chip

News Corp Australia is making its biggest company restructure in decades after Meta decided not to renew its News Bargaining deal with Australian publishers. Apple has lost its spot as the top phone maker in the world - in the most recent quarter. Tesla is axing more than 14,000 jobs as demand for electric vehicles slows down. —Build the financial wellbeing of your team with Flux

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 Cettire has struggled to woo investors despite an 88% increase in quarterly sales compared to the previous year. NextDC, Australia’s largest listed developer and operator of data centres, is raising more than $1.3 billion

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 scrapped its plan to build a lower-cost electric vehicle and is focusing on Robotaxis KPMG Netherlands has been hit with a $38 million fine for widespread exam cheating from 2016-2020 —Build the financial wellbeing of your

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 Tesco supermarket chain, and other big supermarket chains around the world, on a new $190m investment fund. Uber Eats is launching TikTok style videos on its app to improve discovery of eateries. —Build the financial well

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 finalised a share sale worth $3.6 billion, making some of its staff overnight millionaires. Google’s parent company Alphabet is reportedly looking to acquire CRM and marketing software platform Hubspot. — Build the fi

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 financial year. Spotify is planning to raise its prices AGAIN in key markets, including Australia - and it’s mostly thanks to... audiobooks. Tesla is location scouting for a new car plant in India that could be worth between $

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 destroy users’ ‘incognito mode’ browsing data as part of a lawsuit settlement. WeWork’s founder, Adam Neumann, and several partners are looking to buy WeWork out of bankruptcy for more than $766m. — Build the financi