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Techmeme
April 2, 2025, 8:40 PM
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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 following Trump's announcement of new tariffs of 46% on Vietnam, 26% on India, and 34%, on top of the existing 20%, on China  —  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
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 …
Abner Li / 9to5Google:
Google unveils a NotebookLM “Discover sources” feature, which searches the web and recommends up to 10 sources for users to add to their notebooks  —  To date, NotebookLM works by having you manually add files and links, with Google now introducing a “Discover sources” button that searches the web for you.
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
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 …
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  —  Automattic, the company behind WordPress.com, Tumblr, WooCommerce, and a range of other online services, is reducing its workforce.
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.
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  —  TKO Group's UFC has struck a multimillion-dollar, multiple-year partnership deal with Meta that will bring the mixed martial arts league closer …
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  —  Generative Extend is now rolling out, alongside an AI-powered search panel and caption translations.

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From Mediagazer

Matthew Keys / TheDesk.net:
Two groups file a petition to deny FCC review of ABC's TV station licenses; they say they will seek revocations if stations restrict speech in trade for FCC OK

Matthew Belloni / Puck:
Although sources suggest Paramount wouldn't sell CNN to appease state regulators overseeing the WBD deal, it may save the company from a protracted legal battle

Christiana Sciaudone / A Media Operator:
Dave Jorgenson's LNI is profitable with 49% of 2025 revenue coming from ads, 21% from consulting, 14% from the newsletter, and plans for a long-form show in Q3

More News

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

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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