SONY'S PIRACY LOSSES MAY WEAKEN COPYRIGHT LAWSUITS
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Cox Communications won a Supreme Court case that could undermine copyright holders' legal strategies against tech providers. The cable company's victory signals a potential shift in how courts handle piracy liability cases.
■ MORE FROM THE BUSINESS DESK
PayPal's new CEO announced plans to separately report results for the company's three main business units and assign individual revenue targets, aiming to provide investors with clearer visibility into each division's performance.
Social media pages that sexualize mugshots are subjecting arrested women to prolonged humiliation and harassment. Accounts like Mugshawtys frame booking photos as 'thirst traps,' amplifying damage beyond initial arrests.
Shopify reported Q2 revenue of $3.6B, beating estimates by $150M, with gross merchandise volume hitting $115.6B. The company guided Q3 revenue above analyst expectations, sending shares soaring in pre-market trading.
Uber reported Q2 revenue of $14.2 billion, falling short of the $14.24 billion estimate, though Gross Bookings exceeded expectations at $58 billion versus $57 billion forecast. The company's Q3 adjusted EPS guidance came in below analyst consensus.