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April 3, 2025, 8:20 AM
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Kif Leswing / CNBC:
Tech stocks fall after President Trump announced new global tariffs: Amazon drops as much as ~6%, Meta drops ~5%, Nvidia ~6%, Alphabet ~3%, 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 …
More: The White House, ZDNET, Kotaku, Fortune, Verdict, 19FortyFive, Cointelegraph, Bloomberg, CBS News, The Register, Polymarket, The Hill, Channel News, PCMag, The Verge, TipRanks Financial, Tech in Asia, NBC News, United States Trade …, and Watcher Guru
Bluesky: @carnage4life.  X: @billackman, @cobie, @krishnanrohit, @mystephanomics, @thestalwart, @typesfast, @jamessurowiecki, @alecstapp, @lhsummers, @justinwolfers, @jamesrbuk, @dkthomp, @thestalwart, @jasonfurman, @rapidresponse47, @ivanwerning, @rapidresponse47, @esaagar, @frances_coppola, @rapidresponse47, @secretaryburgum, @dkthomp, @stavridisj, @ivanwerning, @rapidresponse47, @d_a_irwin, @saikatc, @typesfast, @thestalwart, @buccocapital, @sec_noem, @cliffordasness, @deanwball, @elerianm, @gopmajoritywhip, @jbulltard1, @secscottbessent, @rapidresponse47, @ustraderep, @alecstapp, @macaesbruno, @thestalwart, @repbrianbabin, @ivanwerning, @brazilbrian, @maxwinebach, @lhsummers, @dampedspring, @speakerjohnson, @rapidresponse47, @lhsummers, @jbarro, @reprileymoore, @atabarrok, @rapidresponse47, @ramit, @armanddoma, @typesfast, @justinwolfers, @natesilver538, @palmerluckey, @dandrezner, @rapidresponse47, @adamscochran, and @howardlutnick.  LinkedIn: Jamie Tronnes
Forums: r/technology, r/Libertarian, r/pcmasterrace, r/politics, r/politics, r/China_irl, r/StockMarket, r/Economics, r/unusual_whales, r/stocks, r/DHgateVip, r/wallstreetbets, r/WildRoseCountry, r/OnerActive, r/Aliexpress, r/RepsneakersDogs, r/onguardforthee, r/trump, and r/Aliexpress
Tripp Mickle / New York Times:
Apple shares drop 7%+ after President Trump announced new tariffs, including 46% on Vietnam and 26% on India, where Apple has been moving production from 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 tariff exemptions for up to $800 packages from China and Hong Kong will end on May 2, affecting marketplaces like Temu and Shein  —  De minimis tariff exemptions, which currently allow packages worth as much as $800 from China and Hong Kong to enter the US duty free …
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
Sergiu Gatlan / BleepingComputer:
Europol says German and Dutch authorities shut down Kidflix, a CSAM dark web 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 “relevant 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 …
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 …
Daniel Kuhn / The Block:
FDUSD stablecoin depegged 9% after Justin Sun raised concerns over Hong Kong-based First Digital Trust's solvency; Binance alone holds ~$2.2B worth of FDUSD
Sarah Perez / TechCrunch:
Automattic lays off 16% of its staff, CEO Matt Mullenweg says to become “more agile and responsive”; its 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.
Joey Roulette / Reuters:
Amazon plans to launch the first 27 satellites for its Project Kuiper internet network on April 9, after launching two prototype satellites in 2023  —  Amazon.com said on Wednesday it plans to launch the first 27 satellites for its Project Kuiper internet network next week …
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.
Wall Street Journal:
Sources: Mark Zuckerberg is lobbying Trump for a settlement to stop Meta from facing an antitrust trial later this month; he visited the White House on April 2  —  Meta Platforms CEO has visited the White House three times since the start of Trump's second term

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From Mediagazer

Wall Street Journal:
Sources: the DOJ is probing whether the NFL uses anticompetitive tactics that harm consumers; regulators and others have raised concerns about streaming deals

Wall Street Journal:
Sources: Disney is planning to eliminate as many as 1,000 positions in the coming weeks, many from the company's recently consolidated marketing department

Alex Weprin / The Hollywood Reporter:
AMC Networks rebrands as AMC Global Media, filing new articles of incorporation in Nevada; CEO Kristin Dolan says streaming is its top domestic revenue source

More News

Earlier Picks

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
Maxwell Zeff / TechCrunch:
Anthropic debuts a Claude for Education tier for colleges, with Learning Mode, where it asks questions to test understanding, shares paper templates, and more
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
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
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