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Speaker 1: This is what Flux. I'm Brett and I'm Justin and

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Speaker 1: it's Wednesday, the twentieth of November.

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Speaker 2: Josey Boy. Hester, the industry super fund of nine hundred

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Speaker 2: and fifty thousand Australians, is in its apologetic error. Get

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Speaker 2: this one. Hester has been forced to compensate more than

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Speaker 2: one hundred and twenty thousand members after it left their

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Speaker 2: retirement savings stuck in assets whose value fell big time

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Speaker 2: during COVID and the median repayment was seventeen dollars per member,

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Speaker 2: but some members are believed to be compensated.

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Speaker 1: Thousands flocks out this month in the Flux Academy, we're

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Speaker 1: talking everything you need to know about the property market,

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Speaker 1: the ins and outs, how to buy property, where to

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Speaker 1: get a deposit from and we're getting away three big

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Speaker 1: prizes to the top three on the leaderboard. So make

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Speaker 1: sure to download the Flux app and check it all out.

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Speaker 2: Three insightful stories today, Josey Boy, Let's do it for

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Speaker 2: our first. CSL, one of Australia's largest companies, has suffered

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Speaker 2: a four percent drop in its share price after a

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Speaker 2: new leader of the US health Department was announced.

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Speaker 1: Australian company US Health Department, Man, what is going on here?

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Speaker 2: Well? CSL is an Australian based global biotech company that's

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Speaker 2: been around for over one hundred years.

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Speaker 1: Yeah, they do things like flu vaccines, but be maned.

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Speaker 1: Their best performing products are in the blood and plasma space.

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Speaker 1: But as we know, been man at. Donald Trump was

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Speaker 1: elected as the President of the United States, coming in

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Speaker 1: in January, and in one of.

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Speaker 2: His first moves, he announced Robert F. Kennedy Junior as

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Speaker 2: the head of the US Health Department.

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Speaker 1: Aka the real life husband of Sheryl from.

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Speaker 2: Kirby and Jessie.

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Speaker 1: Boy.

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Speaker 2: You may remember that Robert F. Kennedy Junior has had

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Speaker 2: some pretty strong views on vaccines in the past, including

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Speaker 2: the COVID vaccine.

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Speaker 1: Yep, I do believe he called the COVID vaccine a

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Speaker 1: crime against humanity and as a result, many vaccine manufacturers

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Speaker 1: have seen their share price whacked, including CSL, whose share

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Speaker 1: price has dropped to its slowest price since April this year.

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Speaker 2: The reason you ask, well, investors are worried that Kennedy

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Speaker 2: could bring uncertainty to the biotech sector. So what is

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Speaker 2: the key learning here? Does he boy?

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Speaker 1: New? Political leadership often determines winners and losers in the

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Speaker 1: stock market, particularly in regulated industries and markets.

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Speaker 2: You see juzzy Boy, the biotech and even the pharmaceutical sectors.

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Speaker 2: They're heavily reliant on government policy, things.

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Speaker 1: Like drug regulatory approvals, government funding, as well as just

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Speaker 1: overall transparency.

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Speaker 2: Any shifts in policy, especially those led by people with

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Speaker 2: unconventional views, can create volatility.

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Speaker 1: And they man say the first time we saw particular

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Speaker 1: industries or companies impacted by new leadership.

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Speaker 2: They're not the only company to be affected by this election.

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Speaker 1: Yep. Remember Tesla share prices jumped nearly forty percent since

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Speaker 1: the Trump election win as well.

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Speaker 2: For our second story, blue Sky, the social media platform

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Speaker 2: competing with X, has seen more than two million new

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Speaker 2: users just after the US presidential election.

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Speaker 1: Talk about an exodus.

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Speaker 2: What is going on here, well, juzzy boy. Blue Sky

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Speaker 2: is a social media platform where people can interact in

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Speaker 2: pretty much the exact same way as they do an

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Speaker 2: X formerly known as Twitter.

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Speaker 1: H You can post, you can reply to posts, you

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Speaker 1: can message people interestingly.

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Speaker 2: Blue Sky actually began as a project within the walls

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Speaker 2: of Twitter by Jack Dorsey, Twitter's founder and at the.

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Speaker 1: Time, and the man in twenty twenty one, pre Muski's acquisition,

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Speaker 1: Yeap blue Sky was spun out of Twitter, and now

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Speaker 1: Blue Sky has seen a huge jump in its user numbers,

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Speaker 1: does you boy? And this came straight after the US

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Speaker 1: presidential election. Yeap blue Sky saw more than one million

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Speaker 1: new members sign up in the days following the election.

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Speaker 2: And one million more since.

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Speaker 1: And it's been reported b Man that X promoted pro

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Speaker 1: Trump viewpoints in the user's algorithmic feed through Elon Musk's posts.

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Speaker 2: So now many ex users have defected to blue Sky

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Speaker 2: because it's effectively a decentralized version of Twitter.

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Speaker 1: So what is the key learning here?

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Speaker 2: In a world where big companies control almost everything, decentralization

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Speaker 2: is the key to giving power back to the people.

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Speaker 1: Man, We know how traditional centralized companies like X work.

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Speaker 2: Yeah, the company can decide what gets posted, who sees it,

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Speaker 2: how your data is used.

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Speaker 1: But a decentralized platform means that no single person or

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Speaker 1: company owns or controls it.

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Speaker 2: Instead, it allows users to have more control over their

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Speaker 2: content and how it's shared.

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Speaker 1: And the Man. Not only the users moving to blue Sky,

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Speaker 1: but they're also using.

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Speaker 2: Blue st Get this one. On most social sites you've

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Speaker 2: normally got ninety percent lurkers. That's users who look but

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Speaker 2: don't really comment or contribute.

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Speaker 1: You've got normally nine percent of users commenting but they

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Speaker 1: don't post, and.

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Speaker 2: You've usually got about one percent of users posting.

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Speaker 1: But bman, currently on Blue Sky, thirty percent of their

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Speaker 1: users are posting.

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Speaker 2: So juzzy boy. While Blue Sky's total number of users

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Speaker 2: is a fraction of x, it's hoping that its engaged

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Speaker 2: community will make all the difference.

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Speaker 1: For our third and final story, Google may be forced

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Speaker 1: to sell off Google Chrome after the US Justice Department

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Speaker 1: pushes Google to be split up.

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Speaker 2: Not the news that Google would have wanted to hear

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Speaker 2: on this fabulous Wednesday. Juzzy boy, So tell me what

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Speaker 2: is going on?

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Speaker 1: Okay, so we know Google the search engine started way

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Speaker 1: back in nineteen ninety eight.

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Speaker 2: Now it's known under its parent company alphabet inp and

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Speaker 2: it also owns Gmail and g Drive and Google Maps

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Speaker 2: and Android, and of course it's unproven aiitol Gemini man.

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Speaker 1: Now you may recall earlier this year, Google's found guilty

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Speaker 1: of monopolizing the online search market.

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Speaker 2: And jesse boit kind of extense. Google processes over ninety

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Speaker 2: percent of global search queries, but now be Man at

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Speaker 2: the US Justice Department is requesting that the judge forces

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Speaker 2: Google to sell off Google Chrome. They claim that Chrome

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Speaker 2: helps Google grow its control over the search market and.

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Speaker 1: Be Man with ninety percent of those search queries and

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Speaker 1: the majority of web browsing. Google's competitive advantage is the

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Speaker 1: squillions of pieces of data that it holds on too.

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Speaker 2: So what is the key learning here?

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Speaker 1: For businesses? Controlling key access points to customer data has

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Speaker 1: become a true differentiator and jaesieboy.

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Speaker 2: Google has mastered this with powerful browser partnerships with Apple

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Speaker 2: and Samsung.

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Speaker 1: As well as its ownership and control of chro you.

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Speaker 2: See, joseboy. Google spent over twenty six billion US dollars

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Speaker 2: in twenty twenty one to acquire search traffic.

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Speaker 1: It does that by paying Apple and Samsung to be

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Speaker 1: the default search engine on their device.

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Speaker 2: On top of that, it also owns the come browser,

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Speaker 2: which has around sixty one percent of the global market

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Speaker 2: share for web browsers. So be Man.

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Speaker 1: It's no surprise that Google search business generated one hundred

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Speaker 1: and seventy five billion US dollars in revenue last year.

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Speaker 2: And this is exactly clear what the Department of Justice

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Speaker 2: wants to break up.

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Speaker 1: No more strategic buying of search, and no more Google Chrome.

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Speaker 2: Flex am me.

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Speaker 1: If you are currently looking to buy a property all

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Speaker 1: in the next six to twelve months, looking, the perfect

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Speaker 1: place to start is the Flex Academy. This month, we're

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Speaker 1: giving away three prizes one hundred dollars, fifty dollars and

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Speaker 1: an annual subscription to Flux Pro, all three for the

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Speaker 1: top three people on the Flex Academy leaderboard. To make

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Speaker 1: sure to download the Flox app, check out the Academy

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Speaker 1: this month and win at money.

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Speaker 2: Thanks for listening and we'll see you on Friday.