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Here's everything you need to know today - in under 3 minutes.

Today's big stories: 

⛽️ Telstra is coming for the energy space

🚲 Zoomo received $80 million in funding

🐎 Disney is pursuing sports betting

Oh and get this...

No need to stress about your Christmas deliveries anymore. StarTrack and the Transport Workers' Union have finally come to an agreement over staff pay and working conditions. It brings an end to a year-long dispute that saw delivery drivers go on strike.

Telstra wants to enter the energy space so do you want gas with that?

Background: Telstra are Australia's largest telco company. They offer bundles of mobile, broadband...and pay TV products like Foxtel and Kayo.

What happened: Around 19 million Aussies have mobile services with Telstra, and around 4 million use their data services. But now, Telstra want to move into the energy and gas space.

What else: Telstra reckon they've got the skills and capability to successfully cross-sell in the energy space.

So what's the key learning?

💡Cross-selling is when companies market additional products to existing customers... with the hope that they can earn additional revenue from them. Do you want fries with that? Do you want to upsize?

💡 It's great for companies, because it means they don't need to source new customers. Cross-selling can also help companies hold on to existing customers for longer.

💡So, by cross-selling energy and gas products to existing Telstra customers, Telstra can increase the average revenue it makes per household, and keep them under their wing for longer.

Aussie e-bike startup Zoomo are zooming to the moon with this latest funding round

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Background: Zoomo are an Aussie e-bike startup that launched back in 2017 as 'Bolt Bikes'. Fast-forward to 2020, and 'Bolt Bikes' becomes Zoomo, a micromobility e-bike subscription company.

What happened: Zoomo is half B2B (i.e. they offer fleets of electric bikes and software to business customers) and half B2C (i.e. gig workers can rent bikes directly).

What else: The company have just received a massive $80 million in funding. They plan to use the funds to expand outside of Australia. Think: Spain, France, Germany and the US.

So what's the key learning?

💡Micromobility is short-distance transport (aka, anything that's less than 5 kilometres usually). And the micromobility revolution is here, Flux fam.

💡As congestion in cities rises due to rising populations, existing transportation (aka cars, buses and trains) can't keep up. As a result, we've seen shared bikes and scooters take over metropolitan areas.

💡In the US alone, the micromobolity industry is expected to be worth between US$200 billion and $300 billion by 2030.

Disney is looking at sports betting cos it wasn't all hakuna matata on the profits front last quarter

Background: Disney are the global entertainment GOATs. But while the world is opening back up...they have struggled to bounce back to their pre-pandemic profits.

What happened: Last quarter, Disney's profits were down 25% compared to pre-COVID.

What else: Now, the company is going a 'lil left field. They are pursuing sports betting through their ESPN brand to try and boost their bottom line.

So what's the key learning?

💡We have a good old fashioned land grab in the US sports betting industry... and Disney wants in. This is all because 3 years ago, the Supreme court overturned a ban on sports betting.

💡Let's put this into perspective. The horse and sports betting industry in Australia is worth around $5 billion per year. In the US, it's worth around $70 billion. And expected to grow to $140 billion by 2028.

💡According to Disney's own research, gambling won't hurt the Disney brand...but it will strengthen ESPN's brand (at least in the US).