Happy Friday Flux fam!

It's your last day to win a $100 Amazon voucher...the lucky winners of our Flux daily 1 min quiz will be announced on Monday!

May the fastest - and smartest - Fluxxer win.

Today's big stories:

🎳 2,000 StarTrack staff go on strike

📚 Netflix buys the exclusive rights to Roald Dahl's work

💰 Robinhood ventures further into crypto

Oh and get this...

After a collapsed IPO back in 2019, co-working space company WeWork is finally giving it a second go. It aims to go public through a SPAC deal in late October.

Around 2,000 StarTrack workers went on strike over the company's cost-cutting plans

Background: StarTrack is the Aussie post delivery service owned by Australia Post. They're the delivery service delivering your 88th online purchase this month. Did ya really need that oil diffuser?!

What happened: StarTrack generates more than $1 billion in annual revenue each year. And it has more than 4,000 employees. And yesterday, around half of these employees walked off the job. 

What else: The Transport Workers Union (TWU) who represents StarTrack staff said the company had been using contractors and labour-hire workers over their permanent staff. They are re-negotiating the enterprise bargaining agreement for StartTrack staff.

So what's the key learning?

💡Enterprise bargaining is the negotiating process that occurs between an employer and the unions. It's kinda like having someone negotiate your contract on your behalf.

💡Once the enterprise bargain is agreed, it will turn into an enterprise agreement, which sets out the terms of employment - like pay, leave, and roles and responsibilities.

💡The bargaining process can be as brief as a few letter exchanges between the unions and big bosses...or it can blow up to big media-attention-grabbing strikes. This is what we're seeing with StarTrack.

Netflix buys the exclusive rights to Roald Dahl's famous stories...and get ready for a Matilda reboot

Background: Roald Dahl wrote the famous stories of Matilda (yes, he created Ms Trunchbull), Charlie and the Chocolate Factory and The BFG - all of which have gone on to become successful films.

What happened: The GOAT of the streaming services, Netflix, revealed it purchased the Roald Dahl Story Company. This gives Netflix exclusive rights to Roald Dahl's stories and characters.

What else: The cost of the deal hasn't been revealed, but reports say it's Netflix's most expensive acquisition ever.

So what's the key learning? 

💡Sequels, replicas and reboots are all the rage in Hollywood at the moment. We're seeing entertainment studios rely on existing franchises for two main reasons.

💡1. By re-booting previously successful movies, movie studios are reducing their chances of a commercial flop. Nobody wants to be associated with Gigli.

💡2. With so many streaming platforms, it can be tough to acquire new audiences. But if you acquire a franchise that's already loved, you'll instantly acquire the fan-base too. A new fan-base = more users = more money. Simple.

Robinhood will test a crypto wallet for users...as it ventures into Coinbase's territory

Background: Robinhood is the US trading platform known for its mission to democratise investing for everyone. Users can trade stocks and ETFs on the site without paying commissions.

What happened: Robinhood users could also trade some crypto stocks, like Dogecoin and Bitcoin. But, they've never been able to send crypto to external wallets.

What else: Now, Robinhood is testing a crypto wallet - aka an app to let users buy, sell and trade crypto tokens.

So what's the key learning?

💡Just like you have a wallet to hold your cards and cash, a crypto wallet lets you store your crypto tokens online. 

💡But unlike regular wallets, crypto wallets don't actually store your tokens. Nope, they live on the blockchain, and can only be accessed using your private key. 

💡These private keys are the passwords that give you access to your cryptocurrencies. If you lose your private keys, you lose access to your money. And ya don't want that, Flux fam.