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

Today's big stories:

🚨 Vodafone's got a plan to steal customers from NBN

💰 Life360 is acquiring Tile for US$205 million

🎬 Spotify has launched a Netflix hub on its app

Oh and get this...

El Salvador's millennial president descended on a flying saucer on an LED screen to tell the people of his country that he's building a seaside Bitcoin City at the base of a volcano.

Vodafone plans to knick internet customers from NBN with its secret 4G and 5G offering

Background: Vodafone and TPG formed TPG Telecom back in June last year and it is now the second-largest telco company on the ASX.

What happened: The Big Vo are now taking a massive swing at NBN, which let's just say...hasn't been...the greatest achievement in Aus history. 51st fastest internet speeds globally.

What else: Vodafone are now offering 4G and 5G wireless internet rather than NBN internet to customers. And it just so happens that using their own 4G and 5G, instead of NBN will also lead to higher margins.

So what's the key learning?

💡In the internet game, we've got fixed wireless, and we've got NBN. Same same...but very different.

💡Fixed wireless uses radio waves to provide you with broadband internet (i.e.the 4G and 5G that you use on your phone). But NBN uses cables or a phone connection (i.e. tradesperson installing a router into your house in 6-8 weeks).  

💡We've known for a while that 5G fixed wireless is reliable and fast...but it's also expensive. So, by cutting prices, Vodafone is making their product more competitive, which could see them steal NBN's customers.

Tracking app Life360 bought key and wallet-finder Tile and now they make one big lifesaver

Background: Life360 are an ASX-listed tech company that provide location-based services...but their main gig is family social networking. Kinda like Find My Friends, but for ya kids.

What happened: This crew are acquiring US company Tile, which develops tracking devices that you can attach to your belongings (like your wallet or keys).

What else: The deal is reportedly worth nearly $300 million...and Life360's share price was halted ahead of the acquisition.

So what's the key learning?

💡A trading halt is a temporary suspension of a company's trading activity. It usually happens ahead of a big company announcement...or to correct a technical fault.

💡During this time, investors can't buy or sell shares. And it's because investors need time to review the news and assess its impact...without making a rash decision.

💡The halt can last anywhere from a couple hours...to up to 2 days. In this case, Life360 shares were on hold ahead of their major acquisition announcement.

Spotify launched a Netflix hub so you can play the creepy Squid Game music on repeat

Background: Spotify are the global audio and music streaming service. Ya know the one that lets you keep tabs on what your mates are listening to.

What happened: They are now partnering with Netflix to create a 'Netflix Hub' in the Spotify app. It lets people browse official soundtracks and podcasts related to your fave Netflix shows and films.

What else: Already, there are soundtracks and tunes from Stranger Things, Outer Banks, Bridgerton and (of course) Squid Game. No money has exchanged hands, it's just a good ol' fashioned partnership.

So what's the key learning?

💡Partnerships can be formed for a whole host of reasons. Like growing each other's user base...to grow revenues...or, in the name of a mutual hatred of a competitor 👿

💡We know Spotify competes against Apple's Podcast and Apple's music app. We also know Netflix competed against Apple's growing Apple TV+ content.

💡So this partnership ain't about the money. It ain't an ad. It ain't a product. It's just two businesses realising their potential to work together to serve their fan bases...and bring down a mutual, powerful competitor.