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Techmeme
April 2, 2025, 10:45 PM
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Top News

Kif Leswing / CNBC:
Tech stocks fall in late trading after President Trump announced new tariffs: Amazon drops as much ~7%, Meta ~5%, Nvidia ~5%, Alphabet ~4%, and Microsoft ~3%  —  Apple slid more than 6% in late trading Wednesday and led a broader decline in tech stocks after President Donald Trump announced …
Tripp Mickle / New York Times:
Apple shares drop 7%+ after hours after President Trump announced new tariffs, including 46% on Vietnam and 26% on India, where Apple has been moving production  —  The iPhone maker spent years trying to move production of some products out of China to avoid tariffs.  But now that may not matter.
Spencer Soper / Bloomberg:
The White House says “de minimis” exemptions for packages under $800 from China and Hong Kong will end on May 2, affecting Temu, Shein, and other marketplaces  —  De minimis tariff exemptions, which currently allow packages worth as much as $800 from China and Hong Kong to enter the US duty free …
Jay Peters / The Verge:
Nintendo shares Switch 2 details: a 7.9", 120fps, 1080p display, 4K at 60fps when docked, a custom Nvidia processor, 256GB of storage, and a new Pro Controller  —  Finally, some specs. … The device has a 7.9-inch screen, but it's still 13.99mm thick, like the first Switch.
The Verge:
Nintendo says the Switch 2 will cost $450 for the console or $500 for a Mario Kart World bundle on its June 5 launch; preorders in North America open on April 9  —  Nintendo is finally sharing some real details about its next console. … After a reveal that was light on details …
Nintendo of America on YouTube:
A recording of Nintendo's Switch 2 event
Nathan Ingraham / Engadget:
Nintendo says the Switch 2 uses microSD Express cards, and the new Joy-Con controllers have a C button for GameChat, which uses the console's built-in mic
Dean Takahashi / VentureBeat:
Nintendo says it will add Nintendo GameCube games to the library of titles playable on the Switch 2, including The Legend of Zelda: The Wind Waker from 2002
Daniel Cooper / Engadget:
Nintendo unveils GameShare, which will enable local multiplayer on multiple Switch consoles with just one copy of a title, set to launch alongside the Switch 2
New York Times:
Sources: Amazon has put in a bid to acquire all of TikTok, but various parties involved do not appear to be taking it seriously, ahead of the April 5 deadline  —  The e-commerce giant put in a last-minute offer for the popular video app, according to three people familiar with the talks.
Wall Street Journal:
Sources: AppLovin has made a bid for TikTok and talked to casino magnate Steve Wynn about backing it; a source says AppLovin pitched itself as a job creator
Rachael Bade / Politico:
Sources: President Trump told his inner circle, including Cabinet members, that Elon Musk will step back in the coming weeks; Trump remains pleased with DOGE  —  The president is pleased with Musk but the decision comes as the tech mogul increasingly looks like a political liability.
Sam Reynolds / CoinDesk:
Sources: Justin Sun bailed out Techteryx's TrueUSD after $456M in reserves, managed by First Digital, became illiquid; Techteryx says it was a victim of fraud  —  Justin Sun bailed out Techteryx's TrueUSD stablecoin after nearly half a billion dollars of its reserves were rendered illiquid …
Sergiu Gatlan / BleepingComputer:
Europol says German and Dutch authorities shut down Kidflix, a CSAM streaming platform with 1.8M+ users between April 2022 and March 2025, on March 11  —  Kidflix, one of the largest platforms used to host, share, and stream child sexual abuse material (CSAM) on the dark web …
Wall Street Journal:
Sources: Zuckerberg is lobbying Trump for a settlement that would prevent Meta from facing an antitrust trial later this month; he visited the White House today  —  Meta Platforms CEO has visited the White House three times since the start of Trump's second term
Maxwell Zeff / TechCrunch:
Anthropic debuts a Claude for Education tier for colleges, with Learning Mode, where it asks questions to test understanding, shares templates for papers, more  —  Anthropic announced on Wednesday that it's launching a new Claude for Education tier, an answer to OpenAI's ChatGPT Edu plan.
Eric Newcomer / Newcomer:
A sworn Irish affidavit: Keith O'Brien, who allegedly spied for Deel while working at Rippling, says Deel paid him and he coordinated with Deel CEO Alex Bouaziz  —  Read the stunning affidavit from Keith O'Brien, the alleged Deel spy  —  Keith O'Brien, the man who allegedly spied for Deel …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:45 PM ET, April 2, 2025.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Michael M. Grynbaum / New York Times:
CNN and CBS are set to resume pool duties today; a note to TV pool subscribers stressed the networks could modify their plans

Charlotte Tobitt / Press Gazette:
The FT Group's unaudited global results show 2025 revenue up 5% YoY and operating profit up 23% to £51.8M; UK filings report 1.47M digital subscribers, up 9%

Lauren Johnson / Adweek:
McDonald's launches McDonald's Media Network, pitching customer data to brands and selling ads in its app, kiosks, and menus, targeting $1B in ad revenue

More News

Sarah Perez / TechCrunch:
Automattic lays off 16% of staff, CEO Matt Mullenweg says to become “more agile and responsive”; Automattic website listed 1,744 employees ahead of the layoffs
Jess Weatherbed / The Verge:
Adobe updates Premiere Pro with AI features like Generative Extend, which lets users extend clips by up to two seconds in 4K quality and with background audio
Matt Sledge / The Intercept:
Trump pardoned BitMEX owner HDR Global Trading, which had pleaded guilty and was fined $100M for money laundering, possibly the first US pardon of a corporation

Earlier Picks

Alex Sherman / CNBC:
The UFC signs a multimillion-dollar, multiyear sponsorship deal with Meta spanning Meta AI, Meta Glasses, Meta Quest, Facebook, Instagram, WhatsApp, and Threads
Wikimedia:
Wikimedia says bandwidth usage for multimedia content grew 50% since January 2024, driven by AI training bots; 65% of resource-consuming traffic comes from bots
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