Speaker 1: This is what the Flux. I'm brand Justin and it's Friday,
Speaker 1: the twelfth of July. Douzy boy.
Speaker 2: Remember when there was talk about the great resignation post COVID. Well,
Speaker 2: the Australian Bureau of Statistics has recorded a decrease in
Speaker 2: job mobility for the first time in three years. In
Speaker 2: the twelve months to feb twenty twenty four, up to
Speaker 2: eight percent of Ossies changed their employer, which was down
Speaker 2: from nine and a half percent last year.
Speaker 1: So I didn't just stabilize. Uh huh the man. Last
Speaker 1: week we dropped our hundred bucks on our weekly quiz
Speaker 1: quick Sticks and it went berserk. We're gonna do it again.
Speaker 1: One hundred bucks for the first person to answer five
Speaker 1: questions correctly in the Flux app at a random time today. Wow,
Speaker 1: to make sure to download the Flux app and have
Speaker 1: your notifications on.
Speaker 2: Three free money stories today, Juzzy boy. For our first
Speaker 2: Ossie retailer, The Good Guys is alleged to have failed
Speaker 2: to provide store credits to thousands of eligible consumers and
Speaker 2: now the ahriable c wants to have their way with them.
Speaker 1: So not such good guys after all. Sure you could
Speaker 1: see that guy coming. What's going on here? Well?
Speaker 2: The Good Guys is the electronics and appliances company that
Speaker 2: started in nineteen fifty two in Melbourne.
Speaker 1: Since then, it's going to over one hundred stores and
Speaker 1: over three and a half thousand employees, including employees singing
Speaker 1: and cringely dancing to that little jingle of.
Speaker 2: Their paid cash and will slash the now.
Speaker 1: In September twenty sixteen, JB high Fi bought The Good
Speaker 1: Guys to eight hundred and seventy million Bakarni.
Speaker 2: But now the Australian Competition and Consumer Commission has alleged
Speaker 2: that The Good Guys made misleading claims in promotions to
Speaker 2: its customers over the past four years.
Speaker 1: And we're not talking just one or two or ten
Speaker 1: times or fifty times, but one hundred and sixteen different
Speaker 1: promotion yep.
Speaker 2: The Good Guys offers customers store credit if they spend
Speaker 2: over a certain amount of money on products, but in the.
Speaker 1: Fine print it said you needed to use the credit
Speaker 1: within ten days or it disappears.
Speaker 2: The atriple C is alleging that the Good Guys made
Speaker 2: false or misleading representations by burying these terms in hard
Speaker 2: to find location.
Speaker 1: But interestingly, be Man. After JB High Fight disclosed its
Speaker 1: little run in with the a trible c it's share
Speaker 1: price jumped two percent. Would you believe it?
Speaker 2: So what is the key learning here?
Speaker 1: A rising tide can lift all.
Speaker 2: Boats, you see, juz boy, this is the idea that
Speaker 2: in improving industry or economy can benefit all companies, even
Speaker 2: those with not so positive news.
Speaker 1: And yesterday the optimism of the Australian share market was widespread.
Speaker 2: Why is that, jussy boy, You've got evidence for me?
Speaker 1: Well, only thirty seven of the top two hundred ASEX
Speaker 1: listed companies dropped in the afternoon trade.
Speaker 2: On top of that, not one sector on the ASEX
Speaker 2: was negative.
Speaker 1: Yesterday, and be Man, this is a pretty clear sign
Speaker 1: that there is a whole lot of confidence in the
Speaker 1: Australian share market.
Speaker 2: So, Jazi boy, even though this news is quite the
Speaker 2: distraction for Jbhi Fi Group to deal with, the timing
Speaker 2: was quite impeccable on the.
Speaker 1: Day when the ASEX two hundred nearly reaches an all
Speaker 1: time high.
Speaker 2: For our second story, Samsung has announced brand new tech
Speaker 2: devices at its Galaxy Unlocked conference and this is sexiest
Speaker 2: products are all around health tracking.
Speaker 1: This news has a certain aora to it. Be Man,
Speaker 1: you went to catch my little drift may always bumping
Speaker 1: you out? Now tell me more.
Speaker 2: Well, we all know Samsung, the South Korean tech giant
Speaker 2: and the world's largest producer of memory chips, smartphones, TVs.
Speaker 1: That's what we know Samsung for, But the companies also
Speaker 1: dabbled in some more niche.
Speaker 2: Product We talking skincare devices, military tanks, even their own
Speaker 2: theme park, and currently be Man.
Speaker 1: In Korea, Samsung Electronic employees are on indefinite strike.
Speaker 2: Even though they're on strike, juzzy boys, Samsung did just
Speaker 2: announce brand new health tracking devices, the Galaxy Ultra Watch
Speaker 2: and even the Galaxy Ring.
Speaker 1: I get this. This ring is designed to track sleep patterns,
Speaker 1: at heart rate and send fitness reminders to its users.
Speaker 2: And because it doesn't have a screen, it syncs with
Speaker 2: a phone ahem, Android only to show that data cop
Speaker 2: that Apple And this marks Samsung's biggest step into the
Speaker 2: wellness and more specifically the longevity space.
Speaker 1: So what is the key learning here?
Speaker 2: Unlocking the secrets to a longer, healthier life has become
Speaker 2: big business for tech companies.
Speaker 1: You seebe Man, interesting, longevity and healthy living has been
Speaker 1: really popping off as global population.
Speaker 2: Are aging, and as a result, there's also been a
Speaker 2: lot of interest in monetizing this trend.
Speaker 1: Get this. The longevity market was valued at twenty seven
Speaker 1: billion US dollars in twenty twenty three, but it's expected
Speaker 1: to grow to over forty four billion US dollars by
Speaker 1: twenty thirty one.
Speaker 2: That's over sixty percent in under ten years.
Speaker 1: And you can bet b man at Samsung's new ring
Speaker 1: is an attempt to grab a chunky slice of that
Speaker 1: market all for themselves.
Speaker 2: And they're not the only ones capitalizing on the longevity trend.
Speaker 1: No, no, no no. In the last decade, we've seen
Speaker 1: companies like Aura and Whoop cash in on this trend
Speaker 1: with their wearable health tracker.
Speaker 2: Today, those companies have valued at two and a half
Speaker 2: billion US dollars and three point six billion US dollars respectively.
Speaker 1: So Samsung is now the latest player to make strides
Speaker 1: in this industry, but it's safe to say it won't
Speaker 1: be the last.
Speaker 2: Not denying your move now, Apple.
Speaker 1: For our third and final story, Spotify has launched a
Speaker 1: number of new features. It's stir it closer and closer
Speaker 1: to a full blown social networking experience.
Speaker 2: Next up reboot of the feature where you can see
Speaker 2: what your friends are listening to live tell me more
Speaker 2: does it?
Speaker 1: So Spotify obvious become the goat of all things audio
Speaker 1: over the past eighteen years.
Speaker 2: It went from music streaming, then to podcasts and now
Speaker 2: even audio books.
Speaker 1: Less music streaming app and more audio app.
Speaker 2: And through these evolutions, Spotify has managed to grow to
Speaker 2: over six hundred and fifteen million monthly active users and.
Speaker 1: Two hundred and thirty nine million paying subscriber.
Speaker 2: But now Juzy Boys, Spotify is pushing the goal sticks
Speaker 2: even further because it's now released features that let its
Speaker 2: users comment on podcasts as well as.
Speaker 1: That they've got the q and as the polls on
Speaker 1: podcasts as well, And.
Speaker 2: It's pretty clear that Spotify is testing low risk ways
Speaker 2: of becoming more of a social network where users can
Speaker 2: interact with each other as well as the podcast Remember,
Speaker 2: they added Spotify Clips earlier in the year, which is
Speaker 2: a bit like Instagram Stories, and they haven't denied adding
Speaker 2: the same features for music artists in the future. So
Speaker 2: Jua Lipa could receive and respond to comments on all
Speaker 2: of her.
Speaker 1: Bangers like it. So what is the key learning here?
Speaker 2: If it looks like a social network, acts and quacks
Speaker 2: like a social network. It's probably going to become.
Speaker 1: One be man with the addition of comments. Spotify is
Speaker 1: trying to become an app where users aren't just listening
Speaker 1: to audio.
Speaker 2: Now they won an app where the user is actively engaged.
Speaker 1: Sharing their thoughts, sharing their feelings, their opinions like they
Speaker 1: do on traditional social networks, and.
Speaker 2: With q and as and polls and comments and Spotify clips,
Speaker 2: Spotify is looking to compete for their users' social.
Speaker 1: Time and eventually the ad dollars that are spent on
Speaker 1: larger social networks.
Speaker 2: In fact, Spotify only generated one point seven billion euros
Speaker 2: worth of AD revenue in twenty twenty three for over
Speaker 2: six hundred million users, whereas X, which has around the
Speaker 2: same number of users, made over four point four billion
Speaker 2: US dollars in revenue in twenty twenty two.
Speaker 1: So TikTok, Mata.
Speaker 2: And x may be shaking in their musically minded booties.
Speaker 1: Flospam, if you want to start off the weekend on
Speaker 1: a high with one hundred bucks in your front pocket,
Speaker 1: make sure you had your notifications turned on and the
Speaker 1: Flux app are ready to go. We are dropping five
Speaker 1: questions and the first person to answer correctly wins one
Speaker 1: hundred bucks.
Speaker 2: Thanks for listening, and we'll see you on Monday.