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Meta’s shares dropped 4% as it plans an AI and Metaverse spending spree…again

Meta has released its quarterly results with revenue jumping 19% year on year to $40.6 billion USD which is less than what the investors expected.

Flux team
~
1
min read
· Posted on
November 4, 2024

Apple’s sales jumped 5% as customers are swiping right on iPhones...but not so much on Services

Apple has announced that its revenue was up 6% year over year to nearly $95 billion USD, except for its Apple’s Services business.

Flux team
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1
min read
· Posted on
November 4, 2024

Woolies isn’t looking so fresh after announcing that its earnings are expected to be down 5%

Woolies has warned that its earnings before interest and tax for the six months to December is expected to drop 5.6% below last years $1.6 billion result.

Flux team
~
1
min read
· Posted on
November 4, 2024

Reddit’s stock skyrockets 40% so it turns out that rants and conspiracy theories are actually profitable

Reddit’s share price has jumped 40% after announcing its first-ever profitable quarter, equivalent to a casual $348 million USD.

Flux team
~
1
min read
· Posted on
November 1, 2024

Once the cool kid in the world of storage, Dropbox lays off 20% of staff as rivals rain down on its cloud

Dropbox will lay off 20% of its workforce - or more than 500 staff, in areas where Dropbox has “over-invested”.

Flux team
~
1
min read
· Posted on
November 1, 2024

Inflation finally drops below 3% – but don’t expect the RBA to pop the rate-cut-champagne just yet

Australia’s inflation rate is at the lowest rate in three and a half years, falling to just 2.8%.

Flux team
~
1
min read
· Posted on
November 1, 2024
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Disclaimer: Flux Technologies Pty Ltd (ABN 86 634 507 172) is an authorised representative (Representative No. 525288) of Mozo Pty Ltd who is the holder of AFSL No. 328141. We also provide general advice on credit products under our own Australian Credit Licence No. 530103. The product information presented does not constitute an offer and we are not recommending or suggesting any particular product. Any product advice presented is of a general nature only, and is not to be taken as any sort of advice as it has not taken into account your personal circumstances, objectives, financial situation or needs. Flux may not cover all products available to you. Check out our Credit Guide and Financial Services Guide for more information.

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