Tencent’s quarterly revenue beats forecasts as AI spending surges and cash flow turns negative
Tencent reported second-quarter revenue of 204.8 billion yuan ($30.4 billion) on Wednesday, up 11% and ahead of forecasts, while net profit came in at 56 billion yuan against the 61.8 billion analysts expected.
» readNinth Circuit ruling weakens Section 230 by redefining it as a defense, not immunity from suit
A recent Ninth Circuit ruling has redefined Section 230 as a defense against liability rather than immunity from lawsuit, stripping the law of a key procedural protection that had allowed internet companies to dismiss baseless cases early.
» readGoogle forced to open Play Store to third-party app store Aptoide after Epic Games antitrust loss
Aptoide, a decentralized Android app marketplace that has existed for nearly two decades, has become the first third-party app store to be listed on the Google Play Store as a result of Google's antitrust loss to Epic Games.
» readUpwork cuts revenue forecast as AI reshapes freelance marketplace
Upwork's reduced full-year revenue guidance has unsettled investors, with the company now projecting $730 million to $750 million instead of the earlier $760 million to $790 million range.
» readUnreleased Xbox Controller Spotted Online with Screen and Scroll Wheels
A now-deleted Reddit post on the r/Controller subreddit has revealed what appears to be an unreleased Xbox controller, purchased on the online marketplace OfferUp.
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