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Techmeme
May 2, 2025, 2:05 PM
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Top News

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 …
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.
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
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
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
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
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 …
Selam Gebrekidan / New York Times:
The US designates Cambodia's Huione Group as a money-laundering operation, saying it laundered $4B+ since August 2021 for criminals such as North Korean hackers  —  The Treasury Department said Huione Group and its affiliates had laundered more than $4 billion.
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 …
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 …
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 …
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 …
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.

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This is a Techmeme archive page. It shows how the site appeared at 2:05 PM ET, May 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

Anthony D'Alessandro / Deadline:
Rentrak: US summer 2026 box office revenue hit a record $4.76B, beating 2013's record, with each of the four months topping $1B for the first time

Melanie Goodfellow / Deadline:
France and Korea pledge to invest $1.16B in the global screen industries from 2027 to 2031, as part of the Lumière Summit in France for preservation of cinema

Nadia Khomami / The Guardian:
An archive of more than 100 hours of Oasis recordings, amassed by the band's sound engineer, is to be auctioned for up to £1.6M despite objections from the band

More News

OpenAI:
OpenAI shares details on how an update to GPT-4o inadvertently increased the model's sycophancy, why OpenAI failed to catch it, and the changes it is planning
Tim Bradshaw / Financial Times:
Filing: Jeff Bezos plans to sell up to $4.75B worth of AMZN, or 25M shares, via an orderly trading plan, set up in March, running through the end of May 2026

Earlier Picks

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
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