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Optus Australia CEO Kelly Bayer Rosmarin resigns after outage

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Optus, one of Australia’s leading telecommunications companies, has announced the resignation of its CEO, Kelly Bayer Rosmarin, in the wake of a nationwide network outage that disrupted services for millions of customers.

The headline-grabbing incident left Optus users without mobile, internet, and other essential services for several hours, causing widespread frustration.

Bayer Rosmarin, who has been at the helm of Optus since 2019, stated that her decision to step down was made “in the best interest of Optus.”

She expressed regret over the outage and its impact on customers, acknowledging the need for a leadership change to regain customer trust.

The outage, which occurred on [Insert Date], exposed vulnerabilities in Optus’s infrastructure and raised concerns about the company’s ability to provide reliable services in the future.

It also prompted calls for greater investment in network resilience and redundancy.

The company has pledged to work diligently to rectify the issues that led to the outage and enhance its network infrastructure.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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