1 00:00:05,240 --> 00:00:08,560 Speaker 1: This is what the Flux. I'm brand Justin and it's Friday, 2 00:00:08,680 --> 00:00:10,120 Speaker 1: the twelfth of July. Douzy boy. 3 00:00:10,240 --> 00:00:14,080 Speaker 2: Remember when there was talk about the great resignation post COVID. Well, 4 00:00:14,120 --> 00:00:17,279 Speaker 2: the Australian Bureau of Statistics has recorded a decrease in 5 00:00:17,360 --> 00:00:19,639 Speaker 2: job mobility for the first time in three years. In 6 00:00:19,680 --> 00:00:22,159 Speaker 2: the twelve months to feb twenty twenty four, up to 7 00:00:22,239 --> 00:00:25,360 Speaker 2: eight percent of Ossies changed their employer, which was down 8 00:00:25,400 --> 00:00:27,040 Speaker 2: from nine and a half percent last year. 9 00:00:27,120 --> 00:00:29,520 Speaker 1: So I didn't just stabilize. Uh huh the man. Last 10 00:00:29,520 --> 00:00:31,800 Speaker 1: week we dropped our hundred bucks on our weekly quiz 11 00:00:31,880 --> 00:00:34,800 Speaker 1: quick Sticks and it went berserk. We're gonna do it again. 12 00:00:34,920 --> 00:00:37,000 Speaker 1: One hundred bucks for the first person to answer five 13 00:00:37,080 --> 00:00:40,280 Speaker 1: questions correctly in the Flux app at a random time today. Wow, 14 00:00:40,320 --> 00:00:41,920 Speaker 1: to make sure to download the Flux app and have 15 00:00:42,040 --> 00:00:43,280 Speaker 1: your notifications on. 16 00:00:43,440 --> 00:00:46,960 Speaker 2: Three free money stories today, Juzzy boy. For our first 17 00:00:47,000 --> 00:00:50,120 Speaker 2: Ossie retailer, The Good Guys is alleged to have failed 18 00:00:50,159 --> 00:00:53,880 Speaker 2: to provide store credits to thousands of eligible consumers and 19 00:00:53,920 --> 00:00:56,440 Speaker 2: now the ahriable c wants to have their way with them. 20 00:00:56,560 --> 00:00:58,959 Speaker 1: So not such good guys after all. Sure you could 21 00:00:58,960 --> 00:01:01,080 Speaker 1: see that guy coming. What's going on here? Well? 22 00:01:01,120 --> 00:01:04,120 Speaker 2: The Good Guys is the electronics and appliances company that 23 00:01:04,200 --> 00:01:06,560 Speaker 2: started in nineteen fifty two in Melbourne. 24 00:01:06,560 --> 00:01:08,440 Speaker 1: Since then, it's going to over one hundred stores and 25 00:01:08,480 --> 00:01:11,760 Speaker 1: over three and a half thousand employees, including employees singing 26 00:01:11,880 --> 00:01:14,080 Speaker 1: and cringely dancing to that little jingle of. 27 00:01:14,080 --> 00:01:17,320 Speaker 2: Their paid cash and will slash the now. 28 00:01:17,480 --> 00:01:20,240 Speaker 1: In September twenty sixteen, JB high Fi bought The Good 29 00:01:20,280 --> 00:01:22,760 Speaker 1: Guys to eight hundred and seventy million Bakarni. 30 00:01:22,880 --> 00:01:26,560 Speaker 2: But now the Australian Competition and Consumer Commission has alleged 31 00:01:26,560 --> 00:01:29,200 Speaker 2: that The Good Guys made misleading claims in promotions to 32 00:01:29,240 --> 00:01:31,000 Speaker 2: its customers over the past four years. 33 00:01:31,000 --> 00:01:33,319 Speaker 1: And we're not talking just one or two or ten 34 00:01:33,400 --> 00:01:36,399 Speaker 1: times or fifty times, but one hundred and sixteen different 35 00:01:36,520 --> 00:01:37,360 Speaker 1: promotion yep. 36 00:01:37,360 --> 00:01:40,240 Speaker 2: The Good Guys offers customers store credit if they spend 37 00:01:40,319 --> 00:01:42,520 Speaker 2: over a certain amount of money on products, but in the. 38 00:01:42,440 --> 00:01:44,440 Speaker 1: Fine print it said you needed to use the credit 39 00:01:44,480 --> 00:01:46,880 Speaker 1: within ten days or it disappears. 40 00:01:47,560 --> 00:01:50,240 Speaker 2: The atriple C is alleging that the Good Guys made 41 00:01:50,280 --> 00:01:54,280 Speaker 2: false or misleading representations by burying these terms in hard 42 00:01:54,320 --> 00:01:55,200 Speaker 2: to find location. 43 00:01:55,400 --> 00:01:58,360 Speaker 1: But interestingly, be Man. After JB High Fight disclosed its 44 00:01:58,400 --> 00:02:00,560 Speaker 1: little run in with the a trible c it's share 45 00:02:00,600 --> 00:02:03,120 Speaker 1: price jumped two percent. Would you believe it? 46 00:02:03,280 --> 00:02:04,600 Speaker 2: So what is the key learning here? 47 00:02:04,640 --> 00:02:06,680 Speaker 1: A rising tide can lift all. 48 00:02:06,480 --> 00:02:08,760 Speaker 2: Boats, you see, juz boy, this is the idea that 49 00:02:08,880 --> 00:02:12,880 Speaker 2: in improving industry or economy can benefit all companies, even 50 00:02:12,919 --> 00:02:14,480 Speaker 2: those with not so positive news. 51 00:02:14,560 --> 00:02:18,520 Speaker 1: And yesterday the optimism of the Australian share market was widespread. 52 00:02:18,520 --> 00:02:20,240 Speaker 2: Why is that, jussy boy, You've got evidence for me? 53 00:02:20,360 --> 00:02:23,120 Speaker 1: Well, only thirty seven of the top two hundred ASEX 54 00:02:23,200 --> 00:02:25,760 Speaker 1: listed companies dropped in the afternoon trade. 55 00:02:25,919 --> 00:02:28,800 Speaker 2: On top of that, not one sector on the ASEX 56 00:02:28,880 --> 00:02:29,880 Speaker 2: was negative. 57 00:02:29,520 --> 00:02:31,720 Speaker 1: Yesterday, and be Man, this is a pretty clear sign 58 00:02:31,800 --> 00:02:33,480 Speaker 1: that there is a whole lot of confidence in the 59 00:02:33,520 --> 00:02:34,600 Speaker 1: Australian share market. 60 00:02:34,639 --> 00:02:36,880 Speaker 2: So, Jazi boy, even though this news is quite the 61 00:02:37,040 --> 00:02:39,960 Speaker 2: distraction for Jbhi Fi Group to deal with, the timing 62 00:02:40,120 --> 00:02:41,280 Speaker 2: was quite impeccable on the. 63 00:02:41,320 --> 00:02:44,079 Speaker 1: Day when the ASEX two hundred nearly reaches an all 64 00:02:44,160 --> 00:02:44,840 Speaker 1: time high. 65 00:02:44,919 --> 00:02:48,480 Speaker 2: For our second story, Samsung has announced brand new tech 66 00:02:48,480 --> 00:02:52,280 Speaker 2: devices at its Galaxy Unlocked conference and this is sexiest 67 00:02:52,280 --> 00:02:54,359 Speaker 2: products are all around health tracking. 68 00:02:54,480 --> 00:02:56,799 Speaker 1: This news has a certain aora to it. Be Man, 69 00:02:57,000 --> 00:02:59,160 Speaker 1: you went to catch my little drift may always bumping 70 00:02:59,240 --> 00:03:00,640 Speaker 1: you out? Now tell me more. 71 00:03:00,720 --> 00:03:03,400 Speaker 2: Well, we all know Samsung, the South Korean tech giant 72 00:03:03,400 --> 00:03:06,760 Speaker 2: and the world's largest producer of memory chips, smartphones, TVs. 73 00:03:06,840 --> 00:03:09,160 Speaker 1: That's what we know Samsung for, But the companies also 74 00:03:09,240 --> 00:03:11,320 Speaker 1: dabbled in some more niche. 75 00:03:10,919 --> 00:03:15,440 Speaker 2: Product We talking skincare devices, military tanks, even their own 76 00:03:15,480 --> 00:03:17,520 Speaker 2: theme park, and currently be Man. 77 00:03:17,639 --> 00:03:21,360 Speaker 1: In Korea, Samsung Electronic employees are on indefinite strike. 78 00:03:21,560 --> 00:03:24,560 Speaker 2: Even though they're on strike, juzzy boys, Samsung did just 79 00:03:24,639 --> 00:03:28,400 Speaker 2: announce brand new health tracking devices, the Galaxy Ultra Watch 80 00:03:28,440 --> 00:03:29,799 Speaker 2: and even the Galaxy Ring. 81 00:03:29,880 --> 00:03:32,639 Speaker 1: I get this. This ring is designed to track sleep patterns, 82 00:03:32,639 --> 00:03:35,600 Speaker 1: at heart rate and send fitness reminders to its users. 83 00:03:35,640 --> 00:03:37,600 Speaker 2: And because it doesn't have a screen, it syncs with 84 00:03:37,800 --> 00:03:41,360 Speaker 2: a phone ahem, Android only to show that data cop 85 00:03:41,440 --> 00:03:44,840 Speaker 2: that Apple And this marks Samsung's biggest step into the 86 00:03:44,880 --> 00:03:48,000 Speaker 2: wellness and more specifically the longevity space. 87 00:03:48,160 --> 00:03:49,680 Speaker 1: So what is the key learning here? 88 00:03:49,800 --> 00:03:52,680 Speaker 2: Unlocking the secrets to a longer, healthier life has become 89 00:03:52,760 --> 00:03:54,400 Speaker 2: big business for tech companies. 90 00:03:54,440 --> 00:03:57,760 Speaker 1: You seebe Man, interesting, longevity and healthy living has been 91 00:03:57,960 --> 00:04:00,720 Speaker 1: really popping off as global population. 92 00:04:00,280 --> 00:04:02,200 Speaker 2: Are aging, and as a result, there's also been a 93 00:04:02,280 --> 00:04:04,160 Speaker 2: lot of interest in monetizing this trend. 94 00:04:04,240 --> 00:04:06,880 Speaker 1: Get this. The longevity market was valued at twenty seven 95 00:04:07,000 --> 00:04:09,520 Speaker 1: billion US dollars in twenty twenty three, but it's expected 96 00:04:09,560 --> 00:04:12,080 Speaker 1: to grow to over forty four billion US dollars by 97 00:04:12,080 --> 00:04:13,040 Speaker 1: twenty thirty one. 98 00:04:13,200 --> 00:04:15,920 Speaker 2: That's over sixty percent in under ten years. 99 00:04:15,640 --> 00:04:17,760 Speaker 1: And you can bet b man at Samsung's new ring 100 00:04:17,960 --> 00:04:20,320 Speaker 1: is an attempt to grab a chunky slice of that 101 00:04:20,360 --> 00:04:21,600 Speaker 1: market all for themselves. 102 00:04:21,600 --> 00:04:24,520 Speaker 2: And they're not the only ones capitalizing on the longevity trend. 103 00:04:24,560 --> 00:04:26,400 Speaker 1: No, no, no no. In the last decade, we've seen 104 00:04:26,440 --> 00:04:29,279 Speaker 1: companies like Aura and Whoop cash in on this trend 105 00:04:29,360 --> 00:04:30,760 Speaker 1: with their wearable health tracker. 106 00:04:30,920 --> 00:04:32,880 Speaker 2: Today, those companies have valued at two and a half 107 00:04:33,000 --> 00:04:36,440 Speaker 2: billion US dollars and three point six billion US dollars respectively. 108 00:04:36,640 --> 00:04:39,400 Speaker 1: So Samsung is now the latest player to make strides 109 00:04:39,440 --> 00:04:41,839 Speaker 1: in this industry, but it's safe to say it won't 110 00:04:41,839 --> 00:04:42,440 Speaker 1: be the last. 111 00:04:42,520 --> 00:04:44,720 Speaker 2: Not denying your move now, Apple. 112 00:04:45,080 --> 00:04:48,200 Speaker 1: For our third and final story, Spotify has launched a 113 00:04:48,279 --> 00:04:50,880 Speaker 1: number of new features. It's stir it closer and closer 114 00:04:51,000 --> 00:04:53,520 Speaker 1: to a full blown social networking experience. 115 00:04:53,640 --> 00:04:55,880 Speaker 2: Next up reboot of the feature where you can see 116 00:04:55,920 --> 00:04:58,560 Speaker 2: what your friends are listening to live tell me more 117 00:04:58,640 --> 00:04:58,840 Speaker 2: does it? 118 00:04:59,200 --> 00:05:02,040 Speaker 1: So Spotify obvious become the goat of all things audio 119 00:05:02,120 --> 00:05:03,320 Speaker 1: over the past eighteen years. 120 00:05:03,320 --> 00:05:05,840 Speaker 2: It went from music streaming, then to podcasts and now 121 00:05:05,880 --> 00:05:07,440 Speaker 2: even audio books. 122 00:05:07,200 --> 00:05:09,560 Speaker 1: Less music streaming app and more audio app. 123 00:05:09,640 --> 00:05:12,560 Speaker 2: And through these evolutions, Spotify has managed to grow to 124 00:05:12,640 --> 00:05:16,560 Speaker 2: over six hundred and fifteen million monthly active users and. 125 00:05:16,480 --> 00:05:19,720 Speaker 1: Two hundred and thirty nine million paying subscriber. 126 00:05:19,279 --> 00:05:21,880 Speaker 2: But now Juzy Boys, Spotify is pushing the goal sticks 127 00:05:22,000 --> 00:05:25,040 Speaker 2: even further because it's now released features that let its 128 00:05:25,200 --> 00:05:27,560 Speaker 2: users comment on podcasts as well as. 129 00:05:27,480 --> 00:05:29,400 Speaker 1: That they've got the q and as the polls on 130 00:05:29,480 --> 00:05:30,520 Speaker 1: podcasts as well, And. 131 00:05:30,560 --> 00:05:33,320 Speaker 2: It's pretty clear that Spotify is testing low risk ways 132 00:05:33,360 --> 00:05:35,960 Speaker 2: of becoming more of a social network where users can 133 00:05:35,960 --> 00:05:38,880 Speaker 2: interact with each other as well as the podcast Remember, 134 00:05:38,920 --> 00:05:41,840 Speaker 2: they added Spotify Clips earlier in the year, which is 135 00:05:41,880 --> 00:05:44,599 Speaker 2: a bit like Instagram Stories, and they haven't denied adding 136 00:05:44,640 --> 00:05:47,520 Speaker 2: the same features for music artists in the future. So 137 00:05:47,760 --> 00:05:50,520 Speaker 2: Jua Lipa could receive and respond to comments on all 138 00:05:50,600 --> 00:05:50,960 Speaker 2: of her. 139 00:05:50,880 --> 00:05:53,320 Speaker 1: Bangers like it. So what is the key learning here? 140 00:05:53,360 --> 00:05:55,960 Speaker 2: If it looks like a social network, acts and quacks 141 00:05:56,160 --> 00:05:58,520 Speaker 2: like a social network. It's probably going to become. 142 00:05:58,279 --> 00:06:00,760 Speaker 1: One be man with the addition of comments. Spotify is 143 00:06:00,760 --> 00:06:03,200 Speaker 1: trying to become an app where users aren't just listening 144 00:06:03,240 --> 00:06:03,760 Speaker 1: to audio. 145 00:06:03,839 --> 00:06:06,960 Speaker 2: Now they won an app where the user is actively engaged. 146 00:06:06,560 --> 00:06:09,600 Speaker 1: Sharing their thoughts, sharing their feelings, their opinions like they 147 00:06:09,640 --> 00:06:11,680 Speaker 1: do on traditional social networks, and. 148 00:06:11,680 --> 00:06:14,400 Speaker 2: With q and as and polls and comments and Spotify clips, 149 00:06:14,440 --> 00:06:18,000 Speaker 2: Spotify is looking to compete for their users' social. 150 00:06:17,640 --> 00:06:20,120 Speaker 1: Time and eventually the ad dollars that are spent on 151 00:06:20,279 --> 00:06:21,440 Speaker 1: larger social networks. 152 00:06:21,440 --> 00:06:24,400 Speaker 2: In fact, Spotify only generated one point seven billion euros 153 00:06:24,440 --> 00:06:26,760 Speaker 2: worth of AD revenue in twenty twenty three for over 154 00:06:26,839 --> 00:06:29,440 Speaker 2: six hundred million users, whereas X, which has around the 155 00:06:29,520 --> 00:06:32,120 Speaker 2: same number of users, made over four point four billion 156 00:06:32,200 --> 00:06:34,080 Speaker 2: US dollars in revenue in twenty twenty two. 157 00:06:34,200 --> 00:06:35,320 Speaker 1: So TikTok, Mata. 158 00:06:35,240 --> 00:06:38,760 Speaker 2: And x may be shaking in their musically minded booties. 159 00:06:38,880 --> 00:06:40,640 Speaker 1: Flospam, if you want to start off the weekend on 160 00:06:40,680 --> 00:06:43,080 Speaker 1: a high with one hundred bucks in your front pocket, 161 00:06:43,120 --> 00:06:45,520 Speaker 1: make sure you had your notifications turned on and the 162 00:06:45,600 --> 00:06:48,039 Speaker 1: Flux app are ready to go. We are dropping five 163 00:06:48,120 --> 00:06:50,520 Speaker 1: questions and the first person to answer correctly wins one 164 00:06:50,560 --> 00:06:51,159 Speaker 1: hundred bucks. 165 00:06:51,200 --> 00:06:53,760 Speaker 2: Thanks for listening, and we'll see you on Monday.