Speaker 1: This is what the Flux.
Speaker 2: I'm Bradan justin.
Speaker 1: It's Friday, the seventh to February.
Speaker 2: Juzzy boy. The venture capital market in Australia has seen
Speaker 2: signs of returning to normal, but this is still well
Speaker 2: below its peak.
Speaker 1: Get this.
Speaker 2: Last year there was just over four billion dollars raise
Speaker 2: by tech companies in Australia according to cut Through Ventures,
Speaker 2: but that is still tiny compared to twenty twenty one,
Speaker 2: when there was nearly ten billion dollars raise.
Speaker 1: Is wildly man, tell you what else is world? Last
Speaker 1: week we gave away fifty bucks to Allison for winning
Speaker 1: quick six. She knew all the three answers and she
Speaker 1: got them faster than any other member of the Flex family.
Speaker 1: So fluxam, if you want to win fifty bucks this Friday,
Speaker 1: make sure have your notications turned on and be the
Speaker 1: fastest person to answer the three business on news questions
Speaker 1: in quick stix today.
Speaker 2: Three lucrative stories today, Juzzy boy, Let's do it for
Speaker 2: our first. Ria Group has seen that profits jump over
Speaker 2: twenty six percent for the last six months, and straight
Speaker 2: after this announcement, the CEO dropped the mic with some
Speaker 2: big news.
Speaker 1: Always good to CEO drop the mic to spice up
Speaker 1: the rnings reports. So tell me more well.
Speaker 2: Aria Group began in nineteen ninety five with the goal
Speaker 2: to create a digital property listing platform, back when the
Speaker 2: Internet was basically unknown and newspapers were pretty much the
Speaker 2: only way to announce homes for sale, and jusibait real
Speaker 2: Estate dot com dot Au has become the biggest property
Speaker 2: listings platform in Australia, ahead of its bitter green rival Domain.
Speaker 2: We're talking eleven point nine million people visit real Estate
Speaker 2: dot com dot Au every month.
Speaker 1: That's nearly half the Australia's whole population.
Speaker 2: And now ARIA has reported a twenty percent jump in
Speaker 2: revenue for the past six months to eight hundred and
Speaker 2: seventy three million dollars and.
Speaker 1: A twenty six percent rise in its profits as well.
Speaker 2: But Juzi boit. Just as the confetti was about to fall,
Speaker 2: Aria Group CEO Owen Wilson, who is not the famous actor,
Speaker 2: he sadly threw in an unexpected plot twist.
Speaker 1: Yeah, he's hanging up the corporate suit and retiring from
Speaker 1: the CEO role and be man even though the property
Speaker 1: market has been playing hard to get lately. Owen Wilson
Speaker 1: not the actor predicts twenty twenty five is is it
Speaker 1: can get spicy again? Wow?
Speaker 2: So what is the key learning here? The property market,
Speaker 2: like any financial market, moves in cycle. Broadly speaking, real
Speaker 2: estate follows four key phases hit them.
Speaker 1: There's the expansion phase.
Speaker 2: That's where prices rise, supply struggles to keep up and
Speaker 2: competition drives the market higher. And there's the boom phase
Speaker 2: that is where the market peaks, affordability drops, and FOMO
Speaker 2: leads a rapid price growth.
Speaker 1: Then there's the correction phase.
Speaker 2: This one is where interest rates rise, ye demand slows
Speaker 2: down and prices level out or decline.
Speaker 1: Which is what we've seen recently with the property market
Speaker 1: in Melbourne dropping two percent in twenty twenty four.
Speaker 2: Hobart dropped zero point four percent.
Speaker 1: And Sydney slow to just two point three percent growth.
Speaker 2: And finally, there is the recovery phase.
Speaker 1: And this is where demand starts to pick up, prices stabilize,
Speaker 1: and investors begin to enter the market again.
Speaker 2: And RIA Groups CEO reckons we're about to lean into
Speaker 2: the recovery, which is good for RIA listings.
Speaker 1: For our second story, Stay Lauder, the global cosmetics behemoth,
Speaker 1: will lay up nearly eleven percent of its workforce after
Speaker 1: its earnings did a full one eight in the second quarter.
Speaker 2: Jauzie boy, what's the opposite of a glow up? Because
Speaker 2: that is exactly what's going on at esday Loorder right here,
Speaker 2: right now.
Speaker 1: Go on. Esday Loorder is the cosmetics company that was
Speaker 1: founded by you guess, the b Man, Esday Loader and
Speaker 1: your hubby back in nineteen forty six.
Speaker 2: And the estay Lader Companies has grown to become the
Speaker 2: second largest cosmetics company in the world behind a Lorial.
Speaker 1: Yeah, doesn't just own estay Loader, but other big names
Speaker 1: in cosmetics as well.
Speaker 2: We'd be talking Clinique, Le Labo, Joe Malone of the
Speaker 2: London Variety, tom Ford Beauty Mac, Bobby Brown, just to
Speaker 2: name a few.
Speaker 1: Oh yeah, faceb Man.
Speaker 2: Yeah.
Speaker 1: But Esday Loader's new CEO has faced investors for the
Speaker 1: very first time with a very stern warning yep.
Speaker 2: In the second quarter, revenue dropped six percent. That's bad,
Speaker 2: but juzzy boy. It also saw its second quarter operating
Speaker 2: margin dropped from thirteen point four percent to negative fourteen
Speaker 2: point five percent.
Speaker 1: That's real ugly, But arguably the.
Speaker 2: Worst part beauty retail sales are growing across the industry.
Speaker 1: Who's to blame, b Man, Not the economy now, not
Speaker 1: the industry, No, just.
Speaker 2: The people at the top, which in this case happens
Speaker 2: to be a boardroom full of the lord of family descendants.
Speaker 1: So what is the key learning here?
Speaker 2: Nothing derails a company strategy faster than a battle at
Speaker 2: the top.
Speaker 1: Be Man. When founding families retain a majority voting right
Speaker 1: of the public company, you can often face pretty unique challenges,
Speaker 1: especially when internal disputes arise. Since Esday Lord's founding, there's
Speaker 1: always been a family member on the board and in
Speaker 1: executive position.
Speaker 2: Until more recently.
Speaker 1: Yeah, and it makes sense because Estay Lord's family still
Speaker 1: owns thirty five percent of the shares but eighty four
Speaker 1: percent of the voting rights.
Speaker 2: The problem is when there is a strategic dispute between
Speaker 2: family members. Yep.
Speaker 1: One group wants to see Estay Loader push to appeal
Speaker 1: to younger shoppers.
Speaker 2: And the other wanted to push harder in China and
Speaker 2: the prestige market and be Man. This isn't the first
Speaker 2: time we've seen family controlled public companies struggle with internal disputes.
Speaker 1: Sink.
Speaker 2: The battle between the Murdocks and the succession plan of NewsCorp.
Speaker 1: Very true, but be Man given esday Lorder has lost
Speaker 1: one hundred billion US dollars in value over the past
Speaker 1: three years alone, kind of feels time to wipe off
Speaker 1: the smudges and give the company a bit of a face.
Speaker 2: Link for our third and final story, Apple has just
Speaker 2: crashed Facebook's party after releasing a new app called Invites
Speaker 2: that helps users create and send calendar events.
Speaker 1: I feel like people have been talking about this for years.
Speaker 1: Be Man, Apple sweep, so tell me more so.
Speaker 2: Juzzy boy, Apple, aka the world's most valuable company, started
Speaker 2: in nineteen seventy six and is now worth over three
Speaker 2: trillion US dollars.
Speaker 1: Well, Apple's known for its iPhones, It's max, It's iPads.
Speaker 1: They've been expanding their ecosystem with paid software services as well.
Speaker 2: That would be things like Apple Pay, iCloud, Apple TV Plus.
Speaker 1: And now b Man.
Speaker 2: Apples announced the launch are a brand new spanking app
Speaker 2: called Invites. You can create and send an invitation to
Speaker 2: your friends, your family, your colleagues, your enemies.
Speaker 1: It helps you monitor rsaps send updates.
Speaker 2: Sounding awfully similar to another feature I've heard of called
Speaker 2: Facebook Events.
Speaker 1: That's true, and while Facebook used to have a monopoly
Speaker 1: on social invites, its events feature has become less and
Speaker 1: less popular lately yep. So Apple is trying to herd
Speaker 1: all those scattered invitations and keep everyone within its own ecosystem.
Speaker 2: So what is the key learning here?
Speaker 1: The more services a company offers that work together, the
Speaker 1: harder it is for users to leave.
Speaker 2: As we know, Jasey Boy, tech companies don't want to
Speaker 2: build individual products anymore.
Speaker 1: They want to build the worlds that you never want
Speaker 1: or need to leave.
Speaker 2: And Jessie Boy, we know that gen Z and millennials
Speaker 2: have been moving away from Facebook for a good amount
Speaker 2: of years now yep.
Speaker 1: In fact, b Man, only forty four percent of gen
Speaker 1: Z users engage with Facebook at all, compared to seventy
Speaker 1: nine percent of the broader population, and.
Speaker 2: As a result, event invitations are scattered across text messages
Speaker 2: and WhatsApp groups and calendar invites.
Speaker 1: So the timing of apples invites is aimed at capitalizing
Speaker 1: on these scattered events by bringing it all into its
Speaker 1: juicy equy system. Bloxpan between ten am and eleven am
Speaker 1: is when you'll receive a notification for our weekly quiz
Speaker 1: quick Sticks. You could win fifty Bucks just by being
Speaker 1: the first to answer the three business or finance questions correctly.
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Speaker 2: Thanks for listening and we'll see you on Monday.