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Speaker 1: My name is Lily Maddon and I'm a proud Arunda

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Speaker 1: Bunjelung Calcuttin woman from Gadigul Country. The Daily oz acknowledges

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Speaker 1: that this podcast is recorded on the lands of the

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Speaker 1: Gadighl people and pays respect to all Aboriginal and Torres

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Speaker 1: Strait Island and nations. We pay our respects to the

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Speaker 1: first peoples of these countries, both past and present.

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Speaker 2: Good morning and welcome to the Daily os It's Monday,

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Speaker 2: the seventeenth of December. I'm Sam, I'm Zara. In today's

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Speaker 2: Deep Dive, Sophie and Maddie from Your Own Good Company

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Speaker 2: are joining us one last time for twenty twenty two,

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Speaker 2: and we're going to take a look back at the

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Speaker 2: year that was in business, from Patagonia's profits going to

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Speaker 2: the environment, to ai chatblots and Elon Musk buying Twitter.

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Speaker 2: You could say, we'll talk about everything big in tech

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Speaker 2: and finance, including the kitchen sink. But first, Sarah, what's

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Speaker 2: making headlines this morning.

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Speaker 3: Investigations are continuing into the violence of the A League's

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Speaker 3: Melbourne derby on Saturday night, with Victoria Police launching a

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Speaker 3: special task force to identify the perpetrators. As part of

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Speaker 3: the investigation, Melbourne Victory will reportedly be issued a show

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Speaker 3: cause notice by Football Australia to explain the actions of

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Speaker 3: its fans, potentially resulting in life bans, loss of competition

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Speaker 3: points or a heavy fine.

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Speaker 2: More than one hundred people across Australia have reported symptoms

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Speaker 2: after eating potentially hallucinogenic spinach in coals vegetable products. It's

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Speaker 2: not just limited to Cole's, Woolworth's, Costco and Aldi have

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Speaker 2: also recalled some products, all thought to be from the

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Speaker 2: same spinach supplier. According to Food Standards Australia and New Zealand,

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Speaker 2: the spinach may have traces of what they describe as

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Speaker 2: unsafe plant material that may cause illness if consumed. Customers

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Speaker 2: can get a full refund for their products.

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Speaker 3: A sitting member of the Northern Territory Parliament has died,

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Speaker 3: aged fifty two. The Member for Arafora, whose name is

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Speaker 3: withheld for cultural reasons, represented communities across Arnham Land, Kakadu

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Speaker 3: and the Teawi Islands for the last six years. Yesterday,

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Speaker 3: Anti Chief Minister Natasha Files paid tribute to his quote

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Speaker 3: lifetime of service.

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Speaker 2: And today's good news Cambridge University will return one hundred

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Speaker 2: bronze statues looted from the West African nation of Benin

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Speaker 2: in eighteen ninety seven. The statues will now be delivered

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Speaker 2: to the National Commission of Museums and Monuments in neighboring Nigeria,

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Speaker 2: a plan formally supported by the King of Benin. Joined

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Speaker 2: for the last time in twenty twenty two by Maddie

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Speaker 2: and Sophie from Your in Good Company. It's been such

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Speaker 2: a pleasure to have these guys on the podcast throughout

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Speaker 2: the year to give us a bit of a different

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Speaker 2: perspective on the world of finance, technology, trading stocks, personal wealth, property,

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Speaker 2: the whole lot. What I thought would do today is

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Speaker 2: ask these guys what has stood out to them in

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Speaker 2: twenty twenty two. Maddie, I'll start with you, What is

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Speaker 2: the story that You'll remember? Twenty twenty two.

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Speaker 4: By sam I Reckon. There are about five stories every

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Speaker 4: year that make me like seriously excited, and I'm talking

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Speaker 4: go around the office telling everyone, fording the story to

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Speaker 4: my friends, my family, basically anyone that will listen. And

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Speaker 4: I think the biggest one that comes to mind for

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Speaker 4: me this year is Patagonia's founder announcing that he was

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Speaker 4: giving away his company worth four point four billion dollars

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Speaker 4: to fight the climate crisis. So Patagonia expects to generate

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Speaker 4: and donate about one hundred million dollars annually depending on

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Speaker 4: the health of the business, with any profits that aren't

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Speaker 4: reinvested into the business to keep it operating and growing

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Speaker 4: going to fight climate change.

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Speaker 2: It was a pretty amazing moment, and I know on

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Speaker 2: Instagram for us, it really did well as a story

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Speaker 2: and really resonated with people. Sophie, what was yours.

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Speaker 5: I feel like it would be remiss of me to

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Speaker 5: not speak about Elon Musk. I think this year we

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Speaker 5: have spoken about Elon Musk enough too much. But I

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Speaker 5: can't go past the fact that he did put in

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Speaker 5: a bid and then eventually bought Twitter for forty four

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Speaker 5: billion dollars. I think the reason that this story was

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Speaker 5: really interesting is because it sparked a lot of debate

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Speaker 5: about freedom of speech and how people will use social

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Speaker 5: media platforms in the future for freedom of speech. You know,

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Speaker 5: on the one side, you had people saying that Elon

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Speaker 5: was going to use it for his own personal use

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Speaker 5: and you know, political escapades, and then the other side

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Speaker 5: said Twitter is very heavily regulated, so maybe it's a

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Speaker 5: good thing that it goes private. It was a massive

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Speaker 5: news story that ran for many months, so it's definitely

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Speaker 5: one that I'm going to remember twenty twenty two.

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Speaker 2: And something that was really interesting about the day that

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Speaker 2: Elon Musk officially took over at Twitter was I remember

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Speaker 2: my Twitter feed was just full of people saying I'm

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Speaker 2: quitting Twitter and that's it. I've had enough. But funnily enough,

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Speaker 2: most of them are still there. So it just proves

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Speaker 2: the stickiness of social media. And you know, it survived

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Speaker 2: the first two months of Elon, so who knows what

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Speaker 2: twenty twenty three will hold for the platform.

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Speaker 5: As he said himself, let that sink in. So maybe

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Speaker 5: it's just sinking in.

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Speaker 2: And that's because he's now the because he brought a

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Speaker 2: sink in on his first day. Typical Elon Maddie. What

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Speaker 2: was the most surprising thing that happened in twenty twenty two?

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Speaker 4: I think for me, it definitely has to be the

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Speaker 4: US Supreme Court's decision to overturn Roe versus Way, the

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Speaker 4: landmark case that gave women the right to have an abortion.

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Speaker 4: I think, as one commentator from the NBC put it,

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Speaker 4: the Supreme Court has never before granted a widely recognized

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Speaker 4: constitutional right and then taken it back. And I think

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Speaker 4: at the time and still today, I have a very

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Speaker 4: cultural reaction when I think about this decision. But you know,

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Speaker 4: one thing that did come out of it for me

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Speaker 4: was the power of companies and the opportunity for you know,

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Speaker 4: incredible influence that good leaders can have in dark moments

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Speaker 4: such as these.

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Speaker 2: And you're talking there about the companies that have offered

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Speaker 2: you know, relocation fees and support for those who seek

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Speaker 2: an abortion but aren't in states that offer them.

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Speaker 4: Now, Yeah, I think it was really heartening to see

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Speaker 4: how so many leaders did come out and offer support

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Speaker 4: and respond to what was going on in their various states.

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Speaker 4: I do think going forward, it will be very interesting

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Speaker 4: to see how these companies and leaders are actually able

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Speaker 4: to sort of implement these things in reality. But it

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Speaker 4: was definitely sort of one positive side of the story

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Speaker 4: to come out of something that's not so positive.

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Speaker 2: It definitely felt like cascading dominos. You know, one or

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Speaker 2: two companies released a statement saying that this is what

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Speaker 2: they were going to do despite the Supreme Court's decision,

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Speaker 2: and then it was five or six the next day,

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Speaker 2: and then ten or eleven the next day, and Corporate

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Speaker 2: America really stood behind their female employees, which was quite

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Speaker 2: incredible to see. So if you was yours, what took

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Speaker 2: your breath away? In twenty twenty.

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Speaker 5: Two, I don't know if it's taking my breath away,

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Speaker 5: but I I was really surprised by the fact that Meta,

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Speaker 5: which is the parent company of Facebook, reported its first

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Speaker 5: drop in revenue since it's IPO in twenty twelve. So

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Speaker 5: we're talking ten years that Facebook has had increasing revenues

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Speaker 5: and this was the first time in July this year

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Speaker 5: that it reported a decline. I think, you know, Facebook

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Speaker 5: has really seen a bit of a decline in terms

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Speaker 5: of its reputation after all the whistleblower activity last year

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Speaker 5: which caused the company a lot of harm, and then

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Speaker 5: this year they've really tried to pivot into that kind

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Speaker 5: of metaverse space and become a power player in the

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Speaker 5: immersive three D experience. But people aren't really latching onto

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Speaker 5: Facebook like they used to, and I think they're really

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Speaker 5: grappling with a declining an aging user base and they're

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Speaker 5: facing more competition from apps like TikTok.

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Speaker 2: Maybe it's time to be real and we'll start, we'll

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Speaker 2: start using different platforms and who knows, guys. I want

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Speaker 2: to look forward. Now that's enough with twenty twenty two.

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Speaker 2: Let's look at twenty twenty three. I want you to

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Speaker 2: similarly take my breath away in a bold prediction for

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Speaker 2: the year ahead.

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Speaker 4: So we have the US election coming up in twenty

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Speaker 4: twenty four, and I was actually recently gifted Michelle Obama's

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Speaker 4: new book, Becoming. Can't say I've read it yet, so

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Speaker 4: don't take any sort of insight info from this, but

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Speaker 4: my bold prediction is Michelle Obama will run for US

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Speaker 4: president in twenty twenty four.

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Speaker 2: Dang, there we go, Mark my words, that's a big one.

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Speaker 2: That is a big one. We'll chat in twelve months

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Speaker 2: to see how right you were, Sophie, What are you thinking?

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Speaker 5: I am thinking that bitcoin could make a comeback.

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Speaker 2: I feel hope you're right.

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Speaker 6: I feel look after this whole FDx saga, I feel

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Speaker 6: like it's either going to be the total collapse of

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Speaker 6: cryptocurrencies or it will really spark the.

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Speaker 5: Conversation about why we need regulation. And I know a

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Speaker 5: lot of people in this space want regulation, So maybe

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Speaker 5: it's a potential for comeback, and I think maybe we

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Speaker 5: should all put our bets in where we think bitcoin

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Speaker 5: it's going to be sitting at December twenty twenty four.

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Speaker 2: Maddie, you've got bitcoin, where do you want it to

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Speaker 2: be sitting?

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Speaker 4: I would like it to be high, But I would

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Speaker 4: just like to clarify so that we're not about betting,

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Speaker 4: We're about investing for our future.

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Speaker 6: Absolutely not.

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Speaker 5: But it's a bold prediction.

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Speaker 2: So you know, love it, love it. Love it, Love it, Mick,

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Speaker 2: love it, Love it, Maddie. I'm keen to finish off

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Speaker 2: by looking a little more broadly next year, what space one,

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Speaker 2: emerging tech? What sector are you paying particular attention to look.

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Speaker 4: I don't know if it's just me, but it really

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Speaker 4: does feel like that AI is all of the rage

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Speaker 4: at the moment. I have been saying this chat GPT

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Speaker 4: thing all over my social media, that AI chatbot developed

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Speaker 4: by OpenAI that is answering people's questions, writing them songs,

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Speaker 4: doing all sorts of crazy things. So I've got my

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Speaker 4: I on AI and looking at potential investment opportunities in

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Speaker 4: the space.

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Speaker 2: Yeah, chat GBT has been everywhere with this whole pog

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Speaker 2: class is actually written by AI and we're just reading

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Speaker 2: a script. So the AI will actually be taking over

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Speaker 2: the hosting next year, which will be fun Sophie, tell

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Speaker 2: me which space is getting you up?

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Speaker 5: And about funny you mentioned the word space because I

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Speaker 5: am actually looking towards space tech. I was having a

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Speaker 5: conversation with someone the other day who works in space

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Speaker 5: tech consulting, and they were talking about how they use

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Speaker 5: satellites and they identify like flooding and natural disasters and

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Speaker 5: it kind of helps them spot where there could be

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Speaker 5: issues with like train lines and roads, and I thought

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Speaker 5: it was some really cool technology. I also know that

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Speaker 5: this year Starlink was able to provide internet in Ukraine

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Speaker 5: during a time where they weren't able to access the internet.

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Speaker 5: So I think space tech is an up and coming

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Speaker 5: space that I want to start researching.

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Speaker 2: And I think that gets me really excited about that

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Speaker 2: space is space tourism and whether we're actually on our

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Speaker 2: way to be taking a holiday to space. And I

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Speaker 2: think there's obviously a little bit of a prohibitive factor

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Speaker 2: at the moment about cost, so it's mainly linked to

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Speaker 2: male old billionaires at the moment, but we will I

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Speaker 2: think we'll get there. One day. It might not be

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Speaker 2: next year, but we'll get there one day.

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Speaker 5: Maybe I'll change my bold prediction to Sam going overseas,

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Speaker 5: meeting some space take billionaire and being put into space.

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Speaker 2: In twenty twenty, I see us starting the Daily Moon

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Speaker 2: as a clientele. It's got a ring to it. Maddie

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Speaker 2: and Sophie, I just want to thank you for coming

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Speaker 2: on this year and being such good friends of the

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Speaker 2: Daily Ours and hope you both have a wonderful New

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Speaker 2: Year's period. You'll be back again next year. Happy holidays,

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Speaker 2: Thanks so much for listening. Everybody. Have a wonderful start

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Speaker 2: to the week. For a lot of you, it's the

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Speaker 2: last week of the working year. Have a fantastic one,

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Speaker 2: me