Wednesday, August 17, 2022

Singapore-based gaming and e-commerce firm Sea reports Q2 sales rose 29% YoY to $2.9B, its slowest growth in five years, and a $931M net loss; stock drops 14%+ (Bloomberg)

Bloomberg:
Singapore-based gaming and e-commerce firm Sea reports Q2 sales rose 29% YoY to $2.9B, its slowest growth in five years, and a $931M net loss; stock drops 14%+  —  Sea Ltd. posted a bigger loss than expected and withdrew its 2022 e-commerce forecast, joining other online giants struggling …



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Ofcom launches a probe into TikTok over Online Safety Act compliance, citing doubts about the effectiveness of using age inference to determine users' ages (Mizy Clifton/Politico)

Mizy Clifton / Politico : Ofcom launches a probe into TikTok over Online Safety Act compliance, citing doubts about the effectiveness of ...