Flight Centre's profit forecast is in freefall | Aussie streamers choose ads | Facebook Australia's tax loophole (again)

Flight Centre has cut its profit forecasts by more than $100 million as many people start to fear about US travel. Aussies are feeling the pinch with their streaming subscriptions… but rather than cancel, they’re just downgrading to ads. Facebook's Aussie revenue has jumped to $1.46 billion, butthe Australian Tax Office will likely see none of it! _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/FluxappGooglePlay   Daily newsletter: https://bit.ly/fluxnewsletter   Flux on Instagram: http://bit.ly/fluxinsta   Flux on TikTok: https://www.tiktok.com/@flux.finance   —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.___ Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.See omnystudio.com/listener for privacy information.