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April 3, 2025, 4:15 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 …
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” 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 …
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
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
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
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
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 …
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 …
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
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.
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.
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
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 …
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  —  Anthropic announced on Wednesday that it's launching a new Claude for Education tier, an answer to OpenAI's ChatGPT Edu plan.

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This is a Techmeme archive page. It shows how the site appeared at 4:15 AM ET, April 3, 2025.

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From Mediagazer

Todd Spangler / Variety:
Skydance names its leadership team: Dana Goldberg and Josh Greenstein will lead films, George Cheeks will lead TV, and Casey Bloys will lead DTC streaming

Michael M. Grynbaum / New York Times:
Karoline Leavitt, who left as White House Press Secretary in August, plans to join Fox News as an on-air contributor starting November 1

Max Tani / Semafor:
Democracy Docket, founded by Democratic lawyer Marc Elias to focus on redistricting and more, now has 70,000 subscribers paying $10 per month or $120 per year

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
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
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
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
Mediagazer memeorandum WeSmirch
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