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Reed Hastings steps down as Netflix co-CEO

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Reed Hastings – the man responsible for changing the media landscape forever is stepping as co-chief executive of Netflix

The 62-year-old Hastings co-founded the company in 1997.

Back then, Netflix delivered its subscribers movies on DVDs sent in the mail.

But he’s not walking away entirely – Hastings will move into the role of chairman.

As for his successor – Greg Peters, the company’s chief product and chief operating officer, will join Ted Sarandos as a co-chief executive.

Sarandos became co-CEO back in July 2020.

In a statement, Hastings says the new leadership duo have already earned their stripes – steering the company through Covid and upheavals in the industry as he began to step back over the last two and a half years.

Netflix has been under pressure as consumers reduce their spending and companies including Disney, Amazon and Paramount bite into a share of the streaming pie.

Late last year, Hastings says the once niche market is now a bloodbath. #Netflix

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Coalition cracks deepen as Nationals break ranks over Labor reforms

Nationals senators defy party lines, voting against Labor’s reforms as Coalition faces internal rifts and leadership concerns.

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Nationals senators defy party lines, voting against Labor’s reforms as Coalition faces internal rifts and leadership concerns.


A rift has emerged in the Coalition after three Nationals senators crossed the floor to vote against Labor’s post-Bondi hate group reforms, defying party lines and raising questions about their future in the shadow cabinet.

Their proposed amendment calling for greater scrutiny was rejected, and Labor’s legislation passed the Senate 38 votes to 22, cementing the reforms into law despite opposition pushback.

Coalition leadership will meet Wednesday to assess the political fallout, though some MPs consider the issue minor in terms of potential resignations. The incident highlights growing tensions within the party as internal discipline comes under pressure.

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#AustralianPolitics #Coalition #Nationals #Labor #Senate #PoliticalDrama #TickerNews #BreakingPolitics


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Trump escalates Greenland rhetoric as Davos leaders push back on sovereignty

Trump claims U.S. alone can ensure Arctic peace, sparking backlash as Greenland’s sovereignty faces geopolitical tensions at Davos.

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Trump claims U.S. alone can ensure Arctic peace, sparking backlash as Greenland’s sovereignty faces geopolitical tensions at Davos.


President Trump has intensified his remarks over Greenland, claiming the U.S. is the only nation capable of ensuring peace in the Arctic, sparking sharp pushback from European leaders. His rhetoric, including hints at potential tariffs, comes as international attention turns to the strategic territory.

The debate has dominated discussions at the World Economic Forum in Davos, Switzerland, where Trump confirmed plans to meet regarding Greenland following a positive conversation with NATO Secretary General Mark Rutte. Meanwhile, Greenland’s leadership has warned that the territory must be ready for potential military scenarios.

Canada’s Prime Minister Mark Carney also weighed in from Davos, drawing a firm line on sovereignty, declaring Greenland’s independence non-negotiable. The unfolding standoff highlights rising geopolitical tensions in the Arctic, with global powers increasingly staking their claims.

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#Trump #Greenland #Geopolitics #Davos #WorldEconomicForum #NATO #GlobalPolitics #TickerNews


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OpenAI prepares first consumer device amid revenue boom

OpenAI plans to launch a screenless smart speaker by late 2026, shifting focus to hardware amid significant revenue growth.

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OpenAI plans to launch a screenless smart speaker by late 2026, shifting focus to hardware amid significant revenue growth.

OpenAI is gearing up to launch its first-ever consumer hardware device in late 2026. The product is expected to be a screenless smart speaker, signalling the tech giant’s move beyond software and into the world of physical devices.

The device comes after OpenAI acquired a promising hardware startup to accelerate development.

The company is also pushing a strategy to strengthen domestic manufacturing, working closely with U.S. manufacturers to secure efficient production of essential components.

Despite the progress, technical hurdles remain, especially around the device’s listening capabilities, which could delay the rollout.

This development comes on the heels of OpenAI reporting an annualised revenue of over $20 billion in 2025, representing a staggering 233% increase from the previous year. The combination of massive revenue growth and expansion into hardware marks a new era for the AI pioneer.

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#OpenAI #SmartSpeaker #AIHardware #TechNews #Innovation #Manufacturing #AIRevenue #FutureTech


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