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Speaker 1: Good morning everybody. Welcome to the Daily Ours. It's April

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Speaker 1: Fool's Days, so trust no one and trust nothing. Be

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Speaker 1: on your best behavior, but I can assure you that

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Speaker 1: everything you're about to hear in this podcast is true

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Speaker 1: the Vision of truth. Zara Sidler is sitting across from

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Speaker 1: me Zara. Before we talk to Maddie and Sophie from

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Speaker 1: your Own Good Company about the ipoing of adult entertainment

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Speaker 1: site Only Fans take us through the big headlines of

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Speaker 1: the day.

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Speaker 2: Some slightly better news for those waking up in the

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Speaker 2: New South Wales Northern Rivers regions. The worst of the

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Speaker 2: rainfall does seem to have moved away, with the locals

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Speaker 2: now able to assess the damage caused by flooding for

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Speaker 2: the second time in a month. Byron Bay and Balana

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Speaker 2: recorded three hundred millimeters of rain in just forty eight hours,

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Speaker 2: while Sydney closed out its wettest march in recorded history.

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Speaker 2: There were ten days of the month that recorded over

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Speaker 2: twenty five millimeters of rain, and can confirm twenty six

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Speaker 2: of thirty one days recorded rain.

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Speaker 1: The UK's top cyberspy, Sir Jeremy Fleming, has said some

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Speaker 1: Russian troops in Ukraine are refusing to carry out commands

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Speaker 1: and Vladimir Putin has quote massively misjudged the situation and

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Speaker 1: the resistance of the Ukrainian people now. Sir Fleming made

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Speaker 1: these comments while speaking at the Australian National University in Canberra. Meanwhile,

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Speaker 1: Ukrainian President Vladimir Zelenski has addressed Australia's Federal Parliament via videolink,

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Speaker 1: thanking Australia for its military assistance.

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Speaker 2: New research has found that cases of melanoma, the most

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Speaker 2: deadly form of skin cancer, is expected to increase globally

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Speaker 2: by fifty percent by twenty forty. There was data collected

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Speaker 2: by the International Agency for Research and Cancer and that

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Speaker 2: study was published in THEJMA Dermatology. The team of international

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Speaker 2: researchers found that in twenty twenty there were three hundred

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Speaker 2: and twenty five thousand new cases and that by twenty

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Speaker 2: forty they're expecting five hundred and ten thousand cases and

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Speaker 2: the number of deaths to increase from fifty seven thousand

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Speaker 2: to ninety six thousand.

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Speaker 1: And today's good news, QUANTAS has announced it will cut

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Speaker 1: carbon emissions by twenty five percent before twenty thirty and

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Speaker 1: ban all single use plastics on board aircraft by twenty

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Speaker 1: twenty seven. The company also committed to sourcing ten percent

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Speaker 1: of its fuel from green alternatives. We are back with

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Speaker 1: Maddie and Sophie from Your and Good Company, one of

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Speaker 1: Australia's best financial podcasts, helping you young people of Australia

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Speaker 1: get your head around the world of finance, markets, banking, crypto,

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Speaker 1: everything to do with money. Add in Sophie, what's a

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Speaker 1: big finance story you wanted to take us through today?

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Speaker 3: So in the never ending Chronicles of Elon Musk. Musk

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Speaker 3: made an announcement via Twitter on Monday that his electric

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Speaker 3: vehicle maker Tesla, is planning a second stock split in

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Speaker 3: two years.

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Speaker 4: So a quick.

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Speaker 3: Breakalf A stock split is when a company splits the

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Speaker 3: existing shares in circulation. In the case of Tesla, five

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Speaker 3: to one stock split was proposed. So basically that just

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Speaker 3: means that if you own one Tesla share at let's

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Speaker 3: say a price of around one thousand dollars, after the split,

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Speaker 3: you'll own five Tesla shares at a price of around

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Speaker 3: two hundred dollars each. So the overall value of your

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Speaker 3: investment doesn't actually change. I guess you just get more

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Speaker 3: pieces of the same pie, so to speak.

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Speaker 1: And why would a company do a share split.

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Speaker 3: Yeah, so we've actually seen a lot of big tech

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Speaker 3: companies doing this recently, and it's because their share prices

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Speaker 3: have been rising significantly over the past couple of years

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Speaker 3: with the pandemic induced share market rally. So I've seen

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Speaker 3: the likes of Apple, Amazon, Google all undergoes stock splits,

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Speaker 3: and the reason being is that it actually makes the

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Speaker 3: share price cheaper for investors. So, if we think classic

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Speaker 3: supply and demand, a stock split means that essentially there

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Speaker 3: is a greater supply of shares, which brings down the

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Speaker 3: share price and I guess makes it more attractive for investors,

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Speaker 3: especially retail investors like you and me.

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Speaker 1: So when I'm talking about shares to people, especially those

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Speaker 1: who are looking to enter the share market, always try

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Speaker 1: and explain to them that it doesn't matter what the

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Speaker 1: price of the share is, it's about the value of

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Speaker 1: your investment. But what you guys are saying now is

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Speaker 1: that this is kind of meant to make the shares

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Speaker 1: more attractive to your retail investors because it doesn't have

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Speaker 1: that one thousand dollars price tag and more has that

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Speaker 1: two hundred dollars price tag. Am I getting all of

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Speaker 1: that right?

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Speaker 3: Yeah, that's exactly right. With stock splits, a lot of

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Speaker 3: it really comes down to market psychology. So it appears

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Speaker 3: more accessible if the share price is lower, because if

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Speaker 3: I go on to Google and I'm like, oh, I'm

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Speaker 3: interested in buying Tesla shares, and I say it's two

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Speaker 3: hundred dollars, I'm like, cool, I can afford one of

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Speaker 3: those shares, Whereas if I go on and say that

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Speaker 3: the share price is a thousand, that might feel too

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Speaker 3: expensive for me to be able to afford.

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Speaker 1: Fascinating how the psychology of humans works their way into

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Speaker 1: the share price, Sophie, what's been on your radar?

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Speaker 4: On my radar is that Only Fans, the content subscription service,

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Speaker 4: wants to go public through a spac So Only Fans

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Speaker 4: has become a huge social media platform over the past

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Speaker 4: couple of years with millions of monthly users, especially over

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Speaker 4: the pandemic, and the company has gotten to the point

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Speaker 4: where they want to go public and they're in talks

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Speaker 4: with multiple spacks. So a bit of a breakdown of

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Speaker 4: the jargon. A SPAK is a special purpose acquisition company

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Speaker 4: and it's simply a blank check company that doesn't have

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Speaker 4: any operations, so they will merge with a target company.

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Speaker 4: In this case, Only Fans to go public through the

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Speaker 4: stock exchange. So just like companies go public through a

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Speaker 4: traditional route of an IPO, it's just another avenue to

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Speaker 4: do so.

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Speaker 1: I've had a few requests to read the news on

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Speaker 1: Only Fans and show people how beautiful I am.

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Speaker 4: Some weird requests coming through to the daily US love it.

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Speaker 1: I try and give the people what they want. But

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Speaker 1: you've said that there was a burst of success in

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Speaker 1: the app during the pandemic. Do you think this is

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Speaker 1: the right time for a company like Only Fans to

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Speaker 1: go public with people will be apprehensive to invest because

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Speaker 1: of the nature of the product.

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Speaker 4: Yeah, you've hit the nail on the head there. So

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Speaker 4: Only Fans on paper is doing really well, like really well.

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Speaker 4: It has one point two billion dollars in net revenue

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Speaker 4: and six hundred and twenty million dollars in free cash flow,

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Speaker 4: and both of these figures are projected to double in

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Speaker 4: twenty twenty two. But it's having issues with talks to

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Speaker 4: go public because of the adult content that it's producing

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Speaker 4: on its platform, and there's a bit of hypocrisy in

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Speaker 4: this story because on the one side, a spac took

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Speaker 4: Playboy public last year after it rebranded to a pleasure

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Speaker 4: and lifestyle company, but it has a very similar content

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Speaker 4: basis to OnlyFans. And on the other side, there's a

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Speaker 4: lot of retail investors who aren't really in investing to

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Speaker 4: care about the ethics of a company or to understand

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Speaker 4: the background, but they're there to make a profit. You know.

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Speaker 4: They're less concerned with do they have climate change initiatives

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Speaker 4: or are they adhering to modern slavery acts. They're there

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Speaker 4: to make a profit. So it's interesting that Only Fans

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Speaker 4: is doing so well, but it can't find investors to

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Speaker 4: back it.

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Speaker 1: A fascinating conundrum. I'll have to hold off on my

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Speaker 1: plans to launch my page until this is all settled.

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Speaker 1: I don't want to launch in such an uncertain environment.

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Speaker 4: But you do know that, Sam, it's early days for

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Speaker 4: the industry, and there's definitely a growing movement to recognize

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Speaker 4: Only Fans creators work is legitimate, So maybe it's a

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Speaker 4: space you can move into soon.

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Speaker 1: I do think the budget coverage would have been made

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Speaker 1: a bit better if it had been over and Only

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Speaker 1: Fans with me in my budget smugglers. But guys, before

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Speaker 1: we leave you for the weekend, are there any finance

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Speaker 1: or money stories that you've got your eye on in

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Speaker 1: the week ahead.

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Speaker 3: Yeah. So I read earlier this week that the CEO

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Speaker 3: of Goldman Sachs is headed to DJ at Lollapalooza. He

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Speaker 3: has DJ died a few events before, so I don't know.

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Speaker 3: I kind of want tickets. I would love to see

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Speaker 3: the CEO of one of the world's largest investment banks

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Speaker 3: in action up on those DJ decks.

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Speaker 4: I'm looking into the Apple hardware subscription app have come

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Speaker 4: out saying that there's a potential for them to launch

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Speaker 4: a new hardware subscription, which would just create a whole

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Speaker 4: new layer of revenue for the already huge company. So

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Speaker 4: it's one that I'll be keeping my eye on.

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Speaker 1: Elon Musk OnlyFans djaying investment Bankers. It has been an

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Speaker 1: interesting discussion with Maddy and Sophie from your Own Good Company.

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Speaker 1: You can listen to them or wherever you're listening to

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Speaker 1: this podcast until then. If you want to catch up

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Speaker 1: with news over the weekend, you can find us on

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Speaker 1: Instagram at the Daily Oz. There's a chance we're expecting

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Speaker 1: an election announcement very very soon, so keep your eyes

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Speaker 1: peeled on that channel. Have a sensational weekend, keep safe,

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Speaker 1: and we'll speak to you on Monday.