1 00:00:05,080 --> 00:00:06,440 Speaker 1: This is what the Flux. 2 00:00:06,519 --> 00:00:07,600 Speaker 2: I'm Bradan justin. 3 00:00:07,760 --> 00:00:09,760 Speaker 1: It's Friday, the seventh to February. 4 00:00:09,400 --> 00:00:12,080 Speaker 2: Juzzy boy. The venture capital market in Australia has seen 5 00:00:12,240 --> 00:00:15,160 Speaker 2: signs of returning to normal, but this is still well 6 00:00:15,160 --> 00:00:15,840 Speaker 2: below its peak. 7 00:00:15,920 --> 00:00:16,200 Speaker 1: Get this. 8 00:00:16,440 --> 00:00:18,800 Speaker 2: Last year there was just over four billion dollars raise 9 00:00:18,840 --> 00:00:21,600 Speaker 2: by tech companies in Australia according to cut Through Ventures, 10 00:00:21,680 --> 00:00:24,279 Speaker 2: but that is still tiny compared to twenty twenty one, 11 00:00:24,400 --> 00:00:26,840 Speaker 2: when there was nearly ten billion dollars raise. 12 00:00:27,120 --> 00:00:29,880 Speaker 1: Is wildly man, tell you what else is world? Last 13 00:00:29,880 --> 00:00:32,680 Speaker 1: week we gave away fifty bucks to Allison for winning 14 00:00:32,760 --> 00:00:35,440 Speaker 1: quick six. She knew all the three answers and she 15 00:00:35,520 --> 00:00:37,840 Speaker 1: got them faster than any other member of the Flex family. 16 00:00:38,000 --> 00:00:40,199 Speaker 1: So fluxam, if you want to win fifty bucks this Friday, 17 00:00:40,360 --> 00:00:42,800 Speaker 1: make sure have your notications turned on and be the 18 00:00:42,840 --> 00:00:45,600 Speaker 1: fastest person to answer the three business on news questions 19 00:00:45,640 --> 00:00:46,840 Speaker 1: in quick stix today. 20 00:00:46,680 --> 00:00:49,760 Speaker 2: Three lucrative stories today, Juzzy boy, Let's do it for 21 00:00:49,800 --> 00:00:52,680 Speaker 2: our first. Ria Group has seen that profits jump over 22 00:00:52,760 --> 00:00:55,560 Speaker 2: twenty six percent for the last six months, and straight 23 00:00:55,560 --> 00:00:58,560 Speaker 2: after this announcement, the CEO dropped the mic with some 24 00:00:58,840 --> 00:00:59,760 Speaker 2: big news. 25 00:01:00,000 --> 00:01:02,240 Speaker 1: Always good to CEO drop the mic to spice up 26 00:01:02,280 --> 00:01:04,120 Speaker 1: the rnings reports. So tell me more well. 27 00:01:04,160 --> 00:01:07,039 Speaker 2: Aria Group began in nineteen ninety five with the goal 28 00:01:07,120 --> 00:01:10,560 Speaker 2: to create a digital property listing platform, back when the 29 00:01:10,600 --> 00:01:13,800 Speaker 2: Internet was basically unknown and newspapers were pretty much the 30 00:01:13,840 --> 00:01:16,280 Speaker 2: only way to announce homes for sale, and jusibait real 31 00:01:16,360 --> 00:01:19,040 Speaker 2: Estate dot com dot Au has become the biggest property 32 00:01:19,040 --> 00:01:23,280 Speaker 2: listings platform in Australia, ahead of its bitter green rival Domain. 33 00:01:23,400 --> 00:01:26,840 Speaker 2: We're talking eleven point nine million people visit real Estate 34 00:01:26,880 --> 00:01:28,560 Speaker 2: dot com dot Au every month. 35 00:01:28,640 --> 00:01:30,679 Speaker 1: That's nearly half the Australia's whole population. 36 00:01:30,920 --> 00:01:33,760 Speaker 2: And now ARIA has reported a twenty percent jump in 37 00:01:33,880 --> 00:01:36,360 Speaker 2: revenue for the past six months to eight hundred and 38 00:01:36,400 --> 00:01:37,920 Speaker 2: seventy three million dollars and. 39 00:01:37,920 --> 00:01:40,040 Speaker 1: A twenty six percent rise in its profits as well. 40 00:01:40,080 --> 00:01:42,959 Speaker 2: But Juzi boit. Just as the confetti was about to fall, 41 00:01:43,040 --> 00:01:47,080 Speaker 2: Aria Group CEO Owen Wilson, who is not the famous actor, 42 00:01:47,200 --> 00:01:49,840 Speaker 2: he sadly threw in an unexpected plot twist. 43 00:01:49,880 --> 00:01:52,720 Speaker 1: Yeah, he's hanging up the corporate suit and retiring from 44 00:01:52,760 --> 00:01:54,960 Speaker 1: the CEO role and be man even though the property 45 00:01:54,960 --> 00:01:57,600 Speaker 1: market has been playing hard to get lately. Owen Wilson 46 00:01:57,760 --> 00:02:00,200 Speaker 1: not the actor predicts twenty twenty five is is it 47 00:02:00,200 --> 00:02:01,840 Speaker 1: can get spicy again? Wow? 48 00:02:01,880 --> 00:02:04,160 Speaker 2: So what is the key learning here? The property market, 49 00:02:04,280 --> 00:02:07,880 Speaker 2: like any financial market, moves in cycle. Broadly speaking, real 50 00:02:07,960 --> 00:02:10,280 Speaker 2: estate follows four key phases hit them. 51 00:02:10,280 --> 00:02:11,520 Speaker 1: There's the expansion phase. 52 00:02:11,680 --> 00:02:14,480 Speaker 2: That's where prices rise, supply struggles to keep up and 53 00:02:14,600 --> 00:02:17,440 Speaker 2: competition drives the market higher. And there's the boom phase 54 00:02:17,560 --> 00:02:20,720 Speaker 2: that is where the market peaks, affordability drops, and FOMO 55 00:02:21,040 --> 00:02:22,840 Speaker 2: leads a rapid price growth. 56 00:02:22,919 --> 00:02:24,680 Speaker 1: Then there's the correction phase. 57 00:02:24,760 --> 00:02:27,320 Speaker 2: This one is where interest rates rise, ye demand slows 58 00:02:27,360 --> 00:02:30,000 Speaker 2: down and prices level out or decline. 59 00:02:29,600 --> 00:02:31,680 Speaker 1: Which is what we've seen recently with the property market 60 00:02:31,680 --> 00:02:33,880 Speaker 1: in Melbourne dropping two percent in twenty twenty four. 61 00:02:33,800 --> 00:02:35,880 Speaker 2: Hobart dropped zero point four percent. 62 00:02:35,639 --> 00:02:38,000 Speaker 1: And Sydney slow to just two point three percent growth. 63 00:02:38,040 --> 00:02:40,680 Speaker 2: And finally, there is the recovery phase. 64 00:02:40,720 --> 00:02:43,480 Speaker 1: And this is where demand starts to pick up, prices stabilize, 65 00:02:43,520 --> 00:02:45,760 Speaker 1: and investors begin to enter the market again. 66 00:02:45,880 --> 00:02:49,320 Speaker 2: And RIA Groups CEO reckons we're about to lean into 67 00:02:49,400 --> 00:02:52,000 Speaker 2: the recovery, which is good for RIA listings. 68 00:02:52,280 --> 00:02:56,240 Speaker 1: For our second story, Stay Lauder, the global cosmetics behemoth, 69 00:02:56,280 --> 00:02:58,880 Speaker 1: will lay up nearly eleven percent of its workforce after 70 00:02:58,919 --> 00:03:01,800 Speaker 1: its earnings did a full one eight in the second quarter. 71 00:03:01,880 --> 00:03:04,600 Speaker 2: Jauzie boy, what's the opposite of a glow up? Because 72 00:03:04,639 --> 00:03:07,120 Speaker 2: that is exactly what's going on at esday Loorder right here, 73 00:03:07,200 --> 00:03:07,600 Speaker 2: right now. 74 00:03:07,760 --> 00:03:10,640 Speaker 1: Go on. Esday Loorder is the cosmetics company that was 75 00:03:10,639 --> 00:03:13,280 Speaker 1: founded by you guess, the b Man, Esday Loader and 76 00:03:13,360 --> 00:03:15,360 Speaker 1: your hubby back in nineteen forty six. 77 00:03:15,200 --> 00:03:18,280 Speaker 2: And the estay Lader Companies has grown to become the 78 00:03:18,320 --> 00:03:21,760 Speaker 2: second largest cosmetics company in the world behind a Lorial. 79 00:03:21,840 --> 00:03:24,160 Speaker 1: Yeah, doesn't just own estay Loader, but other big names 80 00:03:24,160 --> 00:03:25,120 Speaker 1: in cosmetics as well. 81 00:03:25,200 --> 00:03:28,040 Speaker 2: We'd be talking Clinique, Le Labo, Joe Malone of the 82 00:03:28,080 --> 00:03:31,360 Speaker 2: London Variety, tom Ford Beauty Mac, Bobby Brown, just to 83 00:03:31,440 --> 00:03:32,080 Speaker 2: name a few. 84 00:03:32,200 --> 00:03:33,200 Speaker 1: Oh yeah, faceb Man. 85 00:03:33,320 --> 00:03:33,560 Speaker 2: Yeah. 86 00:03:33,600 --> 00:03:36,160 Speaker 1: But Esday Loader's new CEO has faced investors for the 87 00:03:36,280 --> 00:03:38,760 Speaker 1: very first time with a very stern warning yep. 88 00:03:38,800 --> 00:03:41,840 Speaker 2: In the second quarter, revenue dropped six percent. That's bad, 89 00:03:41,960 --> 00:03:44,920 Speaker 2: but juzzy boy. It also saw its second quarter operating 90 00:03:44,920 --> 00:03:48,440 Speaker 2: margin dropped from thirteen point four percent to negative fourteen 91 00:03:48,440 --> 00:03:49,160 Speaker 2: point five percent. 92 00:03:49,240 --> 00:03:50,800 Speaker 1: That's real ugly, But arguably the. 93 00:03:50,720 --> 00:03:54,240 Speaker 2: Worst part beauty retail sales are growing across the industry. 94 00:03:54,280 --> 00:03:56,520 Speaker 1: Who's to blame, b Man, Not the economy now, not 95 00:03:56,600 --> 00:03:57,840 Speaker 1: the industry, No, just. 96 00:03:57,840 --> 00:04:00,400 Speaker 2: The people at the top, which in this case happens 97 00:04:00,440 --> 00:04:03,600 Speaker 2: to be a boardroom full of the lord of family descendants. 98 00:04:03,640 --> 00:04:05,040 Speaker 1: So what is the key learning here? 99 00:04:05,160 --> 00:04:08,480 Speaker 2: Nothing derails a company strategy faster than a battle at 100 00:04:08,520 --> 00:04:08,920 Speaker 2: the top. 101 00:04:09,160 --> 00:04:12,280 Speaker 1: Be Man. When founding families retain a majority voting right 102 00:04:12,320 --> 00:04:15,480 Speaker 1: of the public company, you can often face pretty unique challenges, 103 00:04:15,560 --> 00:04:19,720 Speaker 1: especially when internal disputes arise. Since Esday Lord's founding, there's 104 00:04:19,720 --> 00:04:22,120 Speaker 1: always been a family member on the board and in 105 00:04:22,200 --> 00:04:23,440 Speaker 1: executive position. 106 00:04:23,200 --> 00:04:24,400 Speaker 2: Until more recently. 107 00:04:24,480 --> 00:04:27,000 Speaker 1: Yeah, and it makes sense because Estay Lord's family still 108 00:04:27,000 --> 00:04:29,400 Speaker 1: owns thirty five percent of the shares but eighty four 109 00:04:29,440 --> 00:04:30,680 Speaker 1: percent of the voting rights. 110 00:04:30,720 --> 00:04:33,159 Speaker 2: The problem is when there is a strategic dispute between 111 00:04:33,160 --> 00:04:34,000 Speaker 2: family members. Yep. 112 00:04:34,040 --> 00:04:36,480 Speaker 1: One group wants to see Estay Loader push to appeal 113 00:04:36,520 --> 00:04:37,800 Speaker 1: to younger shoppers. 114 00:04:37,400 --> 00:04:40,000 Speaker 2: And the other wanted to push harder in China and 115 00:04:40,160 --> 00:04:42,520 Speaker 2: the prestige market and be Man. This isn't the first 116 00:04:42,520 --> 00:04:46,320 Speaker 2: time we've seen family controlled public companies struggle with internal disputes. 117 00:04:46,400 --> 00:04:46,640 Speaker 1: Sink. 118 00:04:46,720 --> 00:04:49,839 Speaker 2: The battle between the Murdocks and the succession plan of NewsCorp. 119 00:04:50,240 --> 00:04:52,720 Speaker 1: Very true, but be Man given esday Lorder has lost 120 00:04:52,720 --> 00:04:55,200 Speaker 1: one hundred billion US dollars in value over the past 121 00:04:55,240 --> 00:04:57,440 Speaker 1: three years alone, kind of feels time to wipe off 122 00:04:57,440 --> 00:04:59,760 Speaker 1: the smudges and give the company a bit of a face. 123 00:04:59,800 --> 00:05:03,240 Speaker 2: Link for our third and final story, Apple has just 124 00:05:03,360 --> 00:05:07,159 Speaker 2: crashed Facebook's party after releasing a new app called Invites 125 00:05:07,200 --> 00:05:10,360 Speaker 2: that helps users create and send calendar events. 126 00:05:10,440 --> 00:05:12,320 Speaker 1: I feel like people have been talking about this for years. 127 00:05:12,360 --> 00:05:14,240 Speaker 1: Be Man, Apple sweep, so tell me more so. 128 00:05:14,400 --> 00:05:17,719 Speaker 2: Juzzy boy, Apple, aka the world's most valuable company, started 129 00:05:17,760 --> 00:05:20,120 Speaker 2: in nineteen seventy six and is now worth over three 130 00:05:20,240 --> 00:05:21,280 Speaker 2: trillion US dollars. 131 00:05:21,600 --> 00:05:24,080 Speaker 1: Well, Apple's known for its iPhones, It's max, It's iPads. 132 00:05:24,120 --> 00:05:27,719 Speaker 1: They've been expanding their ecosystem with paid software services as well. 133 00:05:27,800 --> 00:05:31,680 Speaker 2: That would be things like Apple Pay, iCloud, Apple TV Plus. 134 00:05:31,240 --> 00:05:32,000 Speaker 1: And now b Man. 135 00:05:32,040 --> 00:05:34,960 Speaker 2: Apples announced the launch are a brand new spanking app 136 00:05:35,000 --> 00:05:37,960 Speaker 2: called Invites. You can create and send an invitation to 137 00:05:38,040 --> 00:05:40,080 Speaker 2: your friends, your family, your colleagues, your enemies. 138 00:05:40,120 --> 00:05:42,839 Speaker 1: It helps you monitor rsaps send updates. 139 00:05:42,920 --> 00:05:45,760 Speaker 2: Sounding awfully similar to another feature I've heard of called 140 00:05:45,839 --> 00:05:46,640 Speaker 2: Facebook Events. 141 00:05:47,120 --> 00:05:49,520 Speaker 1: That's true, and while Facebook used to have a monopoly 142 00:05:49,560 --> 00:05:52,680 Speaker 1: on social invites, its events feature has become less and 143 00:05:52,760 --> 00:05:55,559 Speaker 1: less popular lately yep. So Apple is trying to herd 144 00:05:55,640 --> 00:06:00,240 Speaker 1: all those scattered invitations and keep everyone within its own ecosystem. 145 00:06:00,279 --> 00:06:01,479 Speaker 2: So what is the key learning here? 146 00:06:01,520 --> 00:06:04,159 Speaker 1: The more services a company offers that work together, the 147 00:06:04,200 --> 00:06:05,760 Speaker 1: harder it is for users to leave. 148 00:06:05,839 --> 00:06:07,800 Speaker 2: As we know, Jasey Boy, tech companies don't want to 149 00:06:07,800 --> 00:06:10,000 Speaker 2: build individual products anymore. 150 00:06:10,040 --> 00:06:11,960 Speaker 1: They want to build the worlds that you never want 151 00:06:12,200 --> 00:06:13,120 Speaker 1: or need to leave. 152 00:06:13,240 --> 00:06:15,320 Speaker 2: And Jessie Boy, we know that gen Z and millennials 153 00:06:15,320 --> 00:06:18,000 Speaker 2: have been moving away from Facebook for a good amount 154 00:06:18,040 --> 00:06:18,800 Speaker 2: of years now yep. 155 00:06:18,839 --> 00:06:20,920 Speaker 1: In fact, b Man, only forty four percent of gen 156 00:06:21,000 --> 00:06:23,839 Speaker 1: Z users engage with Facebook at all, compared to seventy 157 00:06:23,920 --> 00:06:25,680 Speaker 1: nine percent of the broader population, and. 158 00:06:25,640 --> 00:06:29,040 Speaker 2: As a result, event invitations are scattered across text messages 159 00:06:29,080 --> 00:06:31,160 Speaker 2: and WhatsApp groups and calendar invites. 160 00:06:31,200 --> 00:06:34,240 Speaker 1: So the timing of apples invites is aimed at capitalizing 161 00:06:34,279 --> 00:06:36,960 Speaker 1: on these scattered events by bringing it all into its 162 00:06:37,040 --> 00:06:40,520 Speaker 1: juicy equy system. Bloxpan between ten am and eleven am 163 00:06:40,640 --> 00:06:43,559 Speaker 1: is when you'll receive a notification for our weekly quiz 164 00:06:43,640 --> 00:06:46,000 Speaker 1: quick Sticks. You could win fifty Bucks just by being 165 00:06:46,040 --> 00:06:49,000 Speaker 1: the first to answer the three business or finance questions correctly. 166 00:06:49,120 --> 00:06:50,560 Speaker 1: To make sure to download the app and turn your 167 00:06:50,560 --> 00:06:51,840 Speaker 1: notifications on to win. 168 00:06:52,040 --> 00:06:54,640 Speaker 2: Thanks for listening and we'll see you on Monday.