Chinese internet giant Tencent reported its first-ever quarterly revenue decline since the company went public in 2004. The results highlight the challenges facing China’s biggest tech giants amid the country’s dramatic economic slowdown. Tencent, the world’s largest videogame publisher that also operates China’s most popular messaging app WeChat, said its revenue in the second quarter fell 3%...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Meta’s Resistance to Sharing Ad Sales Starts to Crumble
For at least a year, one question has hung over Meta Platforms-owned Facebook and Instagram: whether the apps will introduce a way to share a cut of ad revenues with more creators, similar to how YouTube pays video-makers. Our story today by Sylvia and Kaya goes deep into the debate at Meta over introducing ad-revenue sharing, which some staff viewed as a slippery slope, and a parallel argument...
AMD Forecasts Sales Slowdown Due to Weak PC Demand
Snap Warns Revenue Could Fall 10% This Quarter
PayPal Lays Off 7% of Staff
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive entertainment facebook
Meta Insiders Debate Key Issue for Reels: Whether to Share Ad Dollars With Creators