Business News

Bite-sized business news from Australia and around the world

Murdoch's Fox Entertainment buys TMZ in a deal reportedly worth ~US$50 million

TMZ - famous for its massive scoops - has been sold to none other than Aussie billionaire Rupert Murdoch's Fox Entertainment.

Anastasia from Flux
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2
min read
· Posted on
September 17, 2021

Fertility tracking app Flo raises US$50 million - and welcome to the new era of women's health

Flo is a women's health tech app that helps women track their fertility window. It's now valued at a whopping US$800 million. Yeah the girls.

Anastasia from Flux
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2
min read
· Posted on
September 17, 2021

The start-up with the world's best name, Who Gives A Crap, just raised $41.5 million

Who Gives A Crap is the Aussie toilet paper start-up that launched back in 2012. But they're not your run of the mill 3-ply toilet papers, Flux fam

Anastasia from Flux
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2
min read
· Posted on
September 17, 2021

LinkedIn is looking for content creators to join their platform - and they'll pay $$

We all know LinkedIn as the social media site targeted at professionals. Now, they're looking to grow their content with a US$25 mil creator fund.

Anastasia from Flux
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2
min read
· Posted on
September 16, 2021

Zip Co is about to hop on the Bitcoin train - destination cryptoville

Aussie buy now, pay later company Zip Co is using Bitcoin to step out of the saturated BNPL market...and into financial services.

Anastasia from Flux
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2
min read
· Posted on
September 16, 2021

Canva's doubled its valuation in 6 months - and we love to see it

Bye-bye Photoshop - you're a nightmare. We said catchya to Microsoft Paint in year 3. Now, it's hello Canva.

Anastasia from Flux
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2
min read
· Posted on
September 16, 2021

What’s the unemployment rate - and what does it mean for me?

Every month, the ABS releases stats on the labour force. But what does it all actually mean?

Anastasia from Flux
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3
min read
· Posted on
September 16, 2021

McDonald's Australia breaks the golden ad rules 

McDonald's might be the home of the golden arches...but they've broken the golden rules.

Anastasia from Flux
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2
min read
· Posted on
September 16, 2021

China wants to break up the nation's largest finance app, Alipay

If you think you're savage when it comes to Monopoly...the Chinese Government is taking things to a whole new level.

Anastasia from Flux
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2
min read
· Posted on
September 16, 2021

Amazon is building a POS system to steal merchants from Shopify

It's Mr Steal Your Merchant, and he's equipped with a new POS system that could pose a threat to Shopify's customers.

Anastasia from Flux
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2
min read
· Posted on
September 16, 2021

Disney promises to give the rest of its 2021 film releases exclusive box office runs

Disney has promised to give the rest of their film releases this year a proper go at the box office.

Anastasia from Flux
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2
min read
· Posted on
September 16, 2021

US court rules Apple can't force developers to use in-app payments 

Epic Games takes on Apple in a Battle Royale over the App Store's in-app purchase policy.

Anastasia from Flux
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2
min read
· Posted on
September 16, 2021

CommBank is being sued by a Colombian-Australian crypto group

The tensions between big banks and the cryptocurrency industry are getting more heated than a Geordie Shore ep.

Anastasia from Flux
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2
min read
· Posted on
September 16, 2021

Zuck is rocking his new smart glasses in partnership with Ray-Ban

Get ready to be creeped out, Flux fam. Facebook's just launched their new smart glasses...

Anastasia from Flux
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2
min read
· Posted on
September 16, 2021

Media companies are responsible for third-party comments on their socials...Yikes

Uh oh... media outlets are now responsible for the comments on their corporate social media pages.

Anastasia from Flux
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2
min read
· Posted on
September 16, 2021

Beer giant Lion swallows up craft brewer Stone & Wood for ~$300m

Iconic Aussie brewer Stone & Wood has been bought by Lion, in a deal worth over $300 million.

Anastasia from Flux
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2
min read
· Posted on
September 16, 2021

What’s enterprise value?

When we talk about a company's value, we often refer to its market cap. Enterprise value is a 'lil different.

Anastasia from Flux
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3
min read
· Posted on
September 10, 2021

Microsoft launches a personalised news service called Microsoft Start

You know what we need? More news sites. Thankfully, Microsoft is on it.

Anastasia from Flux
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2
min read
· Posted on
September 10, 2021

Coinbase could be getting sued by US regulators

Coinbase has been trying to launch Coinbase Lend...but regulators aren't happy about it.

Anastasia from Flux
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2
min read
· Posted on
September 10, 2021

Uber wants Australia to scrap fuel taxes

Uber's Australian boss has called the country's electric vehicle rollout 'a mess'.

Anastasia from Flux
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2
min read
· Posted on
September 10, 2021

Facebook reckons it's ready to launch its digital wallet, Novi

The Zuck never sleeps, does he? Novi and Diem could be hitting (the App) stores soon.

Anastasia from Flux
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2
min read
· Posted on
September 9, 2021

El Salvador is the first country in the world to accept Bitcoin as legal tender

Thanks to forward-thinking President and crypto fan Nayib Bukele, El Salvadorans will be able to pay with Bitcoin.

Anastasia from Flux
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2
min read
· Posted on
September 9, 2021

Microsoft is buying Brissy-based start-up Clipchamp

Kylie Jenner announces her pregnancy, and Microsoft announces a new acquisition. Obviously PR people just don't communicate anymore.

Anastasia from Flux
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2
min read
· Posted on
September 9, 2021

PayPal signals it may launch a stock-trading platform for US customers

PayPal could be launching a product into a pretty crowded space...but with 400 million customers, the odds are in their favour.

Anastasia from Flux
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2
min read
· Posted on
September 9, 2021

Mercedes Benz reveals new electrified lineup

The German luxury car manufacturer has revealed a whole lineup of cars ahead of its plans to go electrify its fleet by 2022.

Anastasia from Flux
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2
min read
· Posted on
September 9, 2021

Foxtel launches new set top box

Foxtel's finally entering the 21st century with its new iQ5 cordless set top box.

Anastasia from Flux
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2
min read
· Posted on
September 9, 2021

US-Kiwi shoe company Allbirds has filed for an IPO

Allbirds is loved my celebs and tech bros alike, and it claims its IPO will be the "first sustainable public equity offering".

Anastasia from Flux
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2
min read
· Posted on
September 7, 2021

NYU accuses ResMed of ripping off its sleep apnea technology

ResMed, who are to thank for stopping your dad snoring the house down, are in hot water over their AirSense10.

Anastasia from Flux
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2
min read
· Posted on
September 7, 2021

Qantas' Frequent Flyer business is back on its pre-COVID growth trajectory

Qantas' Loyalty business was its profit puppy pre-COVID. And now it's back.

Anastasia from Flux
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2
min read
· Posted on
September 7, 2021

Mastercard wants a slice of the open banking pie 

Well, well, well. If it isn't Mastercard wanting to get in on Australia's new open banking regime.

Anastasia from Flux
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2
min read
· Posted on
September 9, 2021

Apple is trying to make our physical wallets a thing of the past

Good news for Olivia Rodrigo: she won't need a physical licence anymore.

Anastasia from Flux
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2
min read
· Posted on
September 9, 2021

The RBA is testing out a digital currency for cross-border payments

The RBA has got mad FOMO about cryptocurrency, and it reckons it could save them a lot of cash.

Anastasia from Flux
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2
min read
· Posted on
September 9, 2021

Telstra's dishing out rewards to fully-vaccinated customers

If you want something done right, get the private sector to do it.

Anastasia from Flux
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2
min read
· Posted on
September 3, 2021

Apple is increasing its health-tech game

Apple wants your blood...pressure. Yep, according to the tech company, "the future of health is on your wrist".

Anastasia from Flux
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2
min read
· Posted on
September 3, 2021

BHP and Twiggy go head-to-head over a Canadian nickel miner

A multibillion-dollar company and a billionaire walk into a bar. Then fight it out for a nickel miner.

Anastasia from Flux
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2
min read
· Posted on
September 3, 2021

Simone Biles is releasing an NFT collection with a platform called Autograph

Tumbling straight from the Olympics...into the crypto market.

Anastasia from Flux
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2
min read
· Posted on
September 3, 2021

Coca-Cola Australia joins the hard seltzer train

The hard seltzer train is leaving the station, but not before Coke jumps on.

Anastasia from Flux
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2
min read
· Posted on
September 3, 2021

Pfizer’s brand strength is soaring - which means hello brand equity

Thanks to saving lives with its Covid vaccine, Pfizer's become a household name. And that's good for business.

Anastasia from Flux
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2
min read
· Posted on
September 3, 2021

What is GDP?

GDP gets thrown around by finance experts, news reporters and the RBA - but what does it actually mean?

Anastasia from Flux
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3
min read
· Posted on
September 3, 2021

Apple is buying classical music streaming service Primephonic

Need a couple staff members for a new feature? No probs, just buy a company.

Anastasia from Flux
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2
min read
· Posted on
September 3, 2021

Splitit merchant sale climb as the sector goes M&A cray

Square and Afterpay, Zip and Quadpay...The BNPL sector is piping hot.

Anastasia from Flux
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3
min read
· Posted on
September 3, 2021

Webjet's got big plans to be cashflow positive in 2022

Webjet has tested positive for cashflow thanks to a new and improved post-COVID strategy.

Anastasia from Flux
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3
min read
· Posted on
September 3, 2021

TikTok is building its own augmented reality tools

We love a puppy filter on Snap, and Pokémon Go was bloody brilliant. Now, TikTok is doing AR too.

Anastasia from Flux
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2
min read
· Posted on
September 3, 2021

Crown Resorts cops major losses after COVID cuts guests

Aussie billionaire James Packer's baby is having a tough time.

Anastasia from Flux
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2
min read
· Posted on
September 3, 2021

Adore Beauty announces first profits since going public

Gone is the one-night-stand. Adore Beauty's in it for life.

Anastasia from Flux
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2
min read
· Posted on
August 31, 2021

Fortnite introduces Martin Luther King experience for users

Strap yourselves in, Flux Fam. We're headed to the metaverse.

Anastasia from Flux
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2
min read
· Posted on
August 30, 2021

Exercise equipment GOAT Peloton's subscriber growth has dropped off

A red flag bigger than when your mate's new BF doesn't have Instagram.

Anastasia from Flux
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2
min read
· Posted on
August 30, 2021

BWX is buying out Zoë Foster-Blake's Go-To Skincare

BWX is the fairy godmother to Go-To's Cinderella, helping them get to the ball (aka, go international).

Anastasia from Flux
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2
min read
· Posted on
September 9, 2021

Headspace and mental health service Ginger are merging to form Headspace Health

It's the duo we didn't know we needed, but won't be able to live without.

Anastasia from Flux
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2
min read
· Posted on
August 30, 2021

Woolies is giving $2bn back to shareholders after demerging from Endeavour Group

You know the ol' saying. When one door closes, another $2 billion one opens.

Anastasia from Flux
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3
min read
· Posted on
August 30, 2021

A2 Milk is looking for new growth opportunities as the Chinese baby formula market shrinks

A2's special A1-less milk used to be a hot commodity in China. Now, not so much. TY COVID.

Anastasia from Flux
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2
min read
· Posted on
August 30, 2021

TikTok is moving into e-commerce with Shopify partnership

Anastasia from Flux
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3
min read
· Posted on
August 26, 2021

Medibank Private increases profits by 40% thanks to AHM

Young Aussies love a no-frills brand, and AHM is paying dividends for Medibank.

Anastasia from Flux
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2
min read
· Posted on
August 26, 2021

Coles is refinancing $1.3bn in debt to sustainability-linked loans

Coles are motivating themselves to reach sustainability targets. And what's more motivating than money, honey?

Anastasia from Flux
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2
min read
· Posted on
August 26, 2021

What’s insider trading?

Insider trading gets thrown around a lot. But what does it actually mean?

Anastasia from Flux
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3
min read
· Posted on
August 24, 2021

Twitch users are holding a one-day blackout to raise awareness over 'hate raids'

Protests are in, hate raids are out. Take that, Twitches.

Anastasia from Flux
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2
min read
· Posted on
August 26, 2021

Click Frenzy owner Global Marketplace buys NZ online marketplace GrabOne

Prep your wallets for, New Zealand. Click Frenzy is coming across the ditch.

Anastasia from Flux
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2
min read
· Posted on
August 26, 2021

BHP could lose its A credit rating after merger with Woodside Petroleum

BHP ain't a straight-A student in the S&P's eyes anymore.

Anastasia from Flux
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2
min read
· Posted on
August 26, 2021

Spark Infrastructure agrees to $5 billion buyout during M&A frenzy

It's a merger and acquisition party, and everyone's invited.

Anastasia from Flux
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2
min read
· Posted on
August 26, 2021

Microsoft invests $7m into hotel chain OYO

They're the fastest-scaling hospitality company in the world.

Anastasia from Flux
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2
min read
· Posted on
August 26, 2021

Adairs posts another record year of sales and profits

And they can thank their omni-channel model for that...Plus a COVID-induced homewares buying spree.

Anastasia from Flux
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2
min read
· Posted on
August 26, 2021

Aussie telco TPG saves $38 million after Vodafone merger

Synergy might be the biggest buzz word in the corporate world, but we bet TPG and Vodafone are loving it.

Anastasia from Flux
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2
min read
· Posted on
August 23, 2021

UniSuper is threatening to divest from biotech company CSL

Don't mess with UniSuper's big climate plans. But is divesting the way to go?

Anastasia from Flux
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2
min read
· Posted on
August 23, 2021

Facebook is facing a fresh anti-trust complaint over ‘buy or bury’ tactics

What Facebook wants, Facebook tends to get. But US regulators aren't happy about it.

Anastasia from Flux
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2
min read
· Posted on
August 23, 2021

Tesla’s ‘autopilot’ tech is under investigation after multiple crashes

Looks like autopilot mode ain't so auto after all. Did some say exaggeration?

Anastasia from Flux
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2
min read
· Posted on
August 20, 2021

Treasury Wines increases profits despite monster tariffs from the Chinese government

Would you pay $2,500 for a bottle of Penfolds Grange? Me neither.

Anastasia from Flux
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2
min read
· Posted on
August 20, 2021

Origin Energy plunges to $2.3 billion loss

Renewables = good news for the environment. Bad news for Origin.

Anastasia from Flux
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2
min read
· Posted on
August 20, 2021

OnlyFans is launching a no-nudity app to get into Google and Apple’s good books

Sex sells. Or does it? In the case of the App and Google Play store...Not quite.

Anastasia from Flux
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2
min read
· Posted on
August 20, 2021

CommBank is launching a new Buy now pay later tool called StepPay

It's all about the money, money, money. Not the BNPL battle.

Anastasia from Flux
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2
min read
· Posted on
August 20, 2021

Optus is launching SubHub, a one-stop-shop for subscriptions and memberships

Having too many subscriptions is a peak millennial problem - and Optus is here to solve it.

Anastasia from Flux
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2
min read
· Posted on
August 20, 2021

Richard Branson is selling down his stake in Virgin Galactic

Steal from the rich, give to the poor. But don't give too much.

Anastasia from Flux
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2
min read
· Posted on
August 18, 2021

Breville cracks $1 billion in sales

Home-made coffees and DIY sourdough = good news for Breville.

Anastasia from Flux
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1
min read
· Posted on
August 18, 2021

Domain is paying back its JobKeeper cash, after a rebound in profits

A red-hot property market spells good news for the guys at Domain.

Anastasia from Flux
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1
min read
· Posted on
August 18, 2021

Reddit is the latest platform to roll out TikTok-like short vids

Snap stories, YouTube shorts, Insta reels…6-sec vids are just all the rage.

Anastasia from Flux
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1
min read
· Posted on
August 18, 2021

JB Hi-Fi profits surged 67% to $506 million and TY lockdown

No open stores? No worries. JB Hi-Fi has smashed the last 12 months despite nation-wide lockdowns.

Anastasia from Flux
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2
min read
· Posted on
August 18, 2021

Bendigo and Adelaide Bank is buying the remaining stake in neobank Up

Turns out being cashed up isn't just a good look to other investors - it's great for business growth.

Anastasia from Flux
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1
min read
· Posted on
August 18, 2021

Rihanna is officially a billionaire

Rihanna is the definition of a girlboss, and you bet she's winning

Anastasia from Flux
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2
min read
· Posted on
August 16, 2021

News Corp's best financial year since 2013

After a rocky year News Corp had an incredible quarter - but where is the revenue coming from?

Anastasia from Flux
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2
min read
· Posted on
August 16, 2021

Weight Watchers’ quarterly sales sink despite extra COVID kgs

Enough with the tiny portions, WW. Get with the times - sheesh!

Anastasia from Flux
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2
min read
· Posted on
August 16, 2021

TikTok adds more privacy protections for minors

TikTok has introduced a few new features to protect minors, and also make the app less addictive (good luck). 

Anastasia from Flux
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2
min read
· Posted on
August 18, 2021

Baby Bunting reports a huge 76% lift in net profits

And it's all thanks to a little something called private labelling.

Anastasia from Flux
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2
min read
· Posted on
August 18, 2021

ScarJo takes on Disney in a big battle

Ever wanted to sue your boss? Well Scarlett Johansson is doing just that!

Justin from Flux
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2
min read
· Posted on
August 4, 2021

CommBank points the finger at Apple for being anti-competitive

Comm Bank is not happy with Apple but what has caused this rift?

Justin from Flux
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2
min read
· Posted on
August 4, 2021

CNN joins the streaming service race... 4 years too late

CNN has announced a new streaming service with a very 'creative' name

Hannah from Flux
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2
min read
· Posted on
August 3, 2021

Sustainability is down down at Coles

Coles has axed one of its most successful marketing campaigns to become more sustainable

Jared from Flux
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2
min read
· Posted on
July 31, 2021

Apple crashes Paypal's (and Afterpay's) buy now, pay later party

Apple has decided it's time to get involved in the popular, but heavily saturated BNPL market

Justin from Flux
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2
min read
· Posted on
July 31, 2021

Sydney Airport says "no thanks" to new investors

Sydney Airport has rejected a monster $22bn bid from a group of investors.

Hannah from Flux
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2
min read
· Posted on
August 3, 2021

Big 5 German car makers fined for colluding

Your favourite German car manufacturers have been up to some naughty naughty things

Jared from Flux
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2
min read
· Posted on
July 31, 2021

F45 and its band of celeb investors prepare to IPO

Functional training gym F45 is about to launch its IPO and has the backing of global celebs

Justin from Flux
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2
min read
· Posted on
July 31, 2021

Robinhood goes public and gets record fine - all in a week's work

Can you imagine a busier week than receiving a record fine and launching your IPO? Robinhood can

Justin from Flux
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2
min read
· Posted on
July 31, 2021

Playboy owner acquires racy Aussie lingerie brand for over $400 million

Australian brand Honey Birdette has been acquired by Playboy

Justin from Flux
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2
min read
· Posted on
July 31, 2021

Microsoft joins the $2 trill club

How did Microsoft join the likes of Apple and Saudi Aramco as a $2 Trillion company?

Brett from Flux
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2
min read
· Posted on
July 1, 2021

Australia's next $1 billion 'unicorn' is here

See how a company started in a Queensland garage became the latest Aussie to reach 'unicorn' status

Justin from Flux
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1
min read
· Posted on
July 1, 2021

Facebook: "Carpe Diem"

FB will very soon launch its own crypto called..... DIEM?!

Hannah from Flux
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2
min read
· Posted on
July 1, 2021

Coles invests for the future

Coles is spending big to improve the business for the future - see how it could help you

Brett from Flux
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2
min read
· Posted on
July 1, 2021

Netflix is selling clothes now?

Netflix is cashing in, launching an all new online store with all your fav TV shows

Hannah from Flux
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2
min read
· Posted on
July 1, 2021

Paypal goes back to the future by launching a new credit card

Paypal's launch of credit card seems strange - here's why it makes sense

Justin from Flux
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2
min read
· Posted on
July 1, 2021

Etsy is De-popping bottles after $2bn acquisition

Etsy still cool... here's why this acquisition makes sense

Brett from Flux
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2
min read
· Posted on
July 1, 2021

Bunnings wants to own hardware for DIY'ers and pro's

Are the Kings of DIY looking to level up on professional hardware?

Jared from Flux
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2
min read
· Posted on
July 1, 2021

Maccas and BTS light it up like Dynamite

McDonalds has launched its latest collab with Korea's BTS. Here's why it is a big step for Maccas.

Brett from Flux
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2
min read
· Posted on
July 1, 2021