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May 2, 2025, 9:50 AM
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Top News

Apple Inc.:
Apple reports Q2 revenue up 5% YoY to $95.4B, vs. $94.6B est., China sales down 2% YoY to $16B, vs. $16.83B est., and authorizes a $100B share buyback program  —  Services revenue reaches new all-time high  —  EPS sets March quarter record … The Company posted quarterly revenue of $95.4 billion …
Kif Leswing / CNBC:
Apple Q2: iPhone up 2% YoY to $46.84B, vs. $45.84B est., Mac up 7% to $7.95B, iPad up 15% to $6.4B, and Wearables, Home, and Accessories down 5% to $7.52B  —  Apple reported second fiscal-quarter earnings Thursday that beat Wall Street expectations, but the company's closely-watched Services division came up light versus estimates.
Rolfe Winkler / Wall Street Journal:
On its Q2 call, Apple said that a “majority” of iPhones sold in the US in Q3 will come from India while “nearly all” of its other devices will come from Vietnam  —  Company's plan for the June quarter follows its 5% earnings increase for the January-to-March period
Benjamin Mayo / 9to5Mac:
On Apple's Q2 call, Tim Cook said that the company estimates tariffs will add $900M in costs in its Q3, assuming current tariff rates and policies do not change
Amazon.com, Inc.:
Amazon reports Q1 revenue up 9% YoY to $155.67B, vs. $155.04B est., operating income up 20% YoY to $18.4B, and forecasts Q2 operating income below estimates  —  - Net sales increased 9% to $155.7 billion in the first quarter, compared with $143.3 billion in first quarter 2024.
Tom Warren / The Verge:
Rockstar Games delays the release of Grand Theft Auto VI from fall 2025 to May 26, 2026, saying it needs extra time to deliver the expected and deserved quality  —  Rockstar Games says it needs more time to deliver the ‘quality you expect and deserve.’  —  Rockstar Games is delaying …
Chance Miller / 9to5Mac:
Apple updates its App Store Guidelines to comply with a US judge's April 30 Epic injunction, letting app developers link to external payment methods in the US  —  Apple has officially updated the App Store Guidelines to comply with yesterday's injunction handed down in its legal case with Epic Games.
Jay Peters / The Verge:
Apple approves a Spotify iOS app update that lets US customers use other payment options beyond Apple's payment system; Patreon said it plans to do the same
Zac Hall / 9to5Mac:
Epic Games says it will take a 0% store fee from developers on their first $1M in revenue per app per year, and plans to let developers open their own webshops
Umar Shakir / The Verge:
Microsoft says new accounts will be “passwordless by default”, asking people to use more secure methods like passkeys, push notifications, and security keys  —  The company is trying to get everyone to get rid of passwords, eventually.
David Yaffe-Bellany / New York Times:
President Trump's World Liberty Financial says Abu Dhabi's MGX fund is investing $2B in Binance using World Liberty's USD1 stablecoin, raising ethical concerns  —  A deal for a state-backed Emirati firm to use a Trump-affiliated digital coin was announced in a panel that included the president's son …
Sam Schechner / Wall Street Journal:
Ireland's DPC fines TikTok €530M for illegally sending user data to China, ordering a halt to EU data transfers in six months if protections aren't guaranteed  —  Irish privacy watchdog says app failed to protect user data sent to China  —  Ireland's data-privacy watchdog fined TikTok …
Lawrence Abrams / BleepingComputer:
A California man pleads guilty to illegally accessing Disney's Slack channels and stealing 1.1TB+ of data in 2024; he later posed as hacktivist group NullBulge  —  A California man who used the alias “NullBulge” has pleaded guilty to illegally accessing Disney's internal Slack channels …
Samantha Subin / CNBC:
Airbnb reports Q1 revenue up 6% YoY to $2.27B, vs. $2.26B est., Gross Booking Value up 7% YoY to $24.5B, and forecasts Q2 revenue below est.; ABNB drops 5%+  —  Airbnb reported results for the first quarter that were mostly in line with estimates, but the company issued a disappointing revenue forecast for the current period.
Zeyi Yang / Wired:
Temu appears to have removed all products in the US version of its online store that ship directly from China to US consumers, confusing suppliers and customers  —  The American version of Temu abruptly began to show only “Local” products days before the Trump administration was set to end …
Martin Arnold / Financial Times:
The UK FCA plans to ban retail investors from borrowing money to buy cryptocurrencies, as it aims to bring much of the crypto market under its regulatory remit  —  UK financial regulator sets out proposals to regulate much of the digital asset market  —  The UK financial watchdog plans …

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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

New York Times:
WBD says the Ellisons have “consistently misled” shareholders, including claiming Paramount's proposal had a “full backstop” but it “does not, and never has”

Ivan Mehta / TechCrunch:
Meta is testing limiting Facebook professional accounts and Pages to posting just two links per month, unless they subscribe to $14.99+/month Meta Verified

Associated Press:
A US federal judge denied Sarah Palin's bid for a new libel trial against the NYT and rejected her motion for his recusal, after a jury found no libel in April

More News

Reuters:
Memo: the US DOD seeks to secure right-to-repair provisions in Army contracts to access tools, software, and technical data without hindrance by IP constraints
Lauren Forristal / TechCrunch:
MoviePass launches Mogul, a daily fantasy sports-inspired, blockchain-based platform for movie buffs, in beta and says 400K+ people signed up for early access
Andrew J. Hawkins / The Verge:
Uber and autonomous vehicle operator May Mobility partner to deploy “thousands” of robotaxis across the US, starting in Arlington, Texas, by the end of 2025

Earlier Picks

Noam Scheiber / New York Times:
In a case related to its Activision acquisition, Microsoft dropped a law firm that settled with President Trump in favor of a firm that is fighting a Trump EO
Lindsay Clark / The Register:
Redis, which makes the Redis value-key database, returns its main system to open-source license AGPL, after criticism in 2024 for moving to a dual-license model
Kyle Wiggers / TechCrunch:
Anthropic launches Integrations to connect apps to Claude, and expanded deep research tool Advanced Research, in beta for Claude Max, Team, and Enterprise users
Aisha Counts / Bloomberg:
LinkedIn says it will share ad revenue with creators for the first time, starting with 30 B2B creators, and says users now watch 36% more videos than a year ago
Jess Weatherbed / The Verge:
Google says “a small percentage” of Search users in the US will start seeing an AI Mode chatbot tab “in the coming weeks”; AI Mode uses Google's search index
Kristina Partsinevelos / CNBC:
Nvidia says Anthropic is telling “tall tales” after the startup argued for tighter export controls by saying China is smuggling chips in “prosthetic baby bumps”
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