Video game consoles are doing just fine

Nintendo and Sony today revealed their video game consoles were selling like hotcakes — which is a bigger deal than you’d think given how grim things looked for the console industry as recently as last year. Nintendo‘s Switch is doing alright, for starters. In total, the company appears to have sold 20 million Switches —…

Freshworks raises $100M – TechCrunch

Freshworks, a company that offers a variety of business software tools ranging from IT management to CRM for sales and customer support software, today announced that it has raised a $100 million funding round co-led by Sequoia and Accel Partners, with participation from CaptialG. The company’s last funding round came in the form of a…

Steam removes controversial game accused of mining cryptocurrency

Steam has removed “trivial platformer” game Abstractism from its store following accusations that the game is surreptitiously stealing users’ computing power to mine cryptocurrency. “We have removed Abstractism and banned its developer from Steam for shipping unauthorized code, trolling with content, and scamming customers with deceptive in-game items,” Doug Lombardi, VP of Marketing at Steam,…

Samsung reports Q2 profit slowdown, says Galaxy S9 sales were lower than expected – TechCrunch

Struggling against competition from Chinese smartphones, Samsung Electronics posted a lackluster second-quarter earnings report with its slowest profit growth in more than a year. On the bright side, the Korean tech giant said its semiconductor business is doing well. Operating profit rose 5.7% year-over-year to 14.9 trillion won (about $13.3 billion), representing Samsung Electronic’s slowest…