ONLYFANS PAID OWNER $709M BEFORE DEATH
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
OnlyFans distributed $709 million in dividends to its billionaire owner over several months preceding his death in March.
■ MORE FROM THE BUSINESS DESK
Zoom reported second-quarter revenue of $1.28 billion, exceeding analyst estimates of $1.27 billion with 4.9% year-over-year growth. However, the company's Q3 earnings forecast fell short of expectations.
The Department of Homeland Security announced a dramatic fee increase for H-1B visas, while the State Department simultaneously moved to revoke visas for up to 200,000 asylum seekers in what would be the largest mass visa revocation in U.S. history.
Scotland's government is moving toward a moratorium on new datacentre developments after unprecedented public opposition. A proposed megaproject in Auchtertool, Fife—set to be the world's second-largest datacentre—has generated 1,600 objections.
Zoom Communications delivered a quarterly sales forecast that matched analyst expectations, failing to excite investors who anticipated stronger growth from its newly expanded product lineup.