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May 9, 2025, 8:10 AM
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WeSmirchTop News
| Mark Gurman / Bloomberg: |
Sources: Apple aims to begin mass production of a chip for its smart glasses, with greater power efficiency and multi-camera control, by end of 2026 or in 2027 — The company has made progress on the chip that it's developing for smart glasses, according to people with knowledge of the matter.
More: Engadget, 9to5Mac, Forbes, The Verge, Business Today, AppleInsider, MacRumors, Tom's Guide, Digit, O'Grady's PowerPage, Mashable, Reuters, Gadgets 360, AI News, Cointelegraph, TrendForce News, Verdict, Analytics India Magazine, Livemint, Tech in Asia, MIXED Reality News, Business Standard, UploadVR, TechRadar, iPhone in Canada Blog, iDownloadBlog.com, iThinkDifferent, Patently Apple, Digital Trends, Cult of Mac, iClarified, PhoneArena, Thurrott, and MacDailyNews
X: @ericjhonsa, @benbajarin, @anshelsag, @sadlyitsbradley, @sadlyitsbradley, @cherthedev, @vadimyuryev, and @markgurman
Forums: r/apple, Slashdot, and MacRumors Forums
| Chris Dolmetsch / Bloomberg: |
Celsius Network founder and former CEO Alex Mashinsky is sentenced to 12 years in prison after pleading guilty to commodities fraud and misleading investors — Whoop Launches Slimmer Fitness Bands With Blood Pressure, ECG Features — Review: The Whoop 5.0 and MG — short for medical grade …
More: CNBC, Wired, Decrypt, Cryptopolitan, Benzinga, Tech in Asia, Reuters, Coinpedia Fintech News, NewsBTC, Fortune, Financial Times, NBC News, CryptoSlate, Engadget, Wall Street Journal, The Crypto Times, Watcher Guru, DL News, Cointelegraph, CoinGape, CoinDesk, The Block, The Verge, and Protos
Bluesky: @quinnypig.com. X: @jojocryo, @scrubings, @cryptohunter0x, @molly0xfff, @masinvestpedia, and @tomasgreif
| Yuki Furukawa / Bloomberg: |
Japan's Panasonic says it will cut 10,000 jobs, including 5,000 roles overseas, and book ~$895M in restructuring charges in the current fiscal year — The supplier of lithium-ion batteries to Tesla Inc. said the job cuts target 5,000 employees in Japan and 5,000 overseas and would take place mostly in the current fiscal year.| Steven T. Dennis / Bloomberg: |
Senate Democrats block the Genius Act after Republicans rebuffed a provision to bar Trump and others from profiting off of crypto ventures while in office — Senate Democrats blocked stablecoin legislation backed by the digital assets industry amid a furor over President Donald Trump's extensive …
More: The Block, Decrypt, The Crypto Times, Axios, NBC News, U.S. Senator Mark R. Warner, Decrypt, PYMNTS.com, Cryptopolitan, Ledger Insights, CNN, crypto.news, Associated Press, Gizmodo, CoinDesk, CoinGape, and The Hill
X: @secscottbessent, @jchervinsky, @senlummis, @senatorhagerty, @intangiblecoins, @johnedeaton1, @molly0xfff, @molly0xfff, @molly0xfff, @senatorricketts, @gillibrandny, @novogratz, @senategop, @rubengallego, @bankinggop, @cschlauf, @maxpcohen, @senategop, @chrispavlovski, @bohines47, @sawyerhackett, @molly0xfff, @senatorhagerty, @cdixon, @pmarca, @senatorslotkin, @senthomtillis, @bankinggop, and @leaderjohnthune. LinkedIn: Todd H Baker. Forums: r/Buttcoin
| Karissa Bell / Engadget: |
Meta rolls out its Account Status feature to Threads, letting users see when the company has removed or demoted posts or handed out other penalties — Threads will finally start giving users more visibility into when their accounts are penalized for breaking its rules.
More: The Verge, WebProNews, Social Media Today, BetaNews, and Gadgets 360
Threads: @karissabe, @jackteachesfinance, and @tinahsnewsfeed1
| Sarah Perez / TechCrunch: |
More: Facebook, WebProNews, Music Ally, Android Headlines, Neowin, BetaNews, Tech in Asia, Social Media Today, Tubefilter, Engadget, TVNewsCheck, MediaPost, Adweek, and Deadline
| MacKenzie Sigalos / CNBC: |
Affirm reports Q3 revenue up 36% YoY to $783M, vs. $783M est., GMV up 36% to $8.6B, above est., and forecasts Q4 revenue below est.; AFRM drops 8%+ after hours — WATCH NOW — Affirm, the provider of buy now, pay later loans, gave a revenue forecast for the current quarter …
More: Affirm, The Paypers, PYMNTS.com, Yahoo Finance, Associated Press, and Benzinga
| Helene Braun / CoinDesk: |
Coinbase Q1: revenue up 23% YoY to $2B, vs. $2.1B est., net income down 94% YoY to $66M, trading volume up 26% YoY to $393B, and $0.24 EPS, vs. $1.93 est. — Shares of Coinbase (COIN) fell nearly 3% in post-market trading after it reported a significant drop in revenue in the first quarter of the year …
More: Coinbase, CoinGape, CNBC, Cointelegraph, SiliconANGLE, CryptoSlate, Benzinga, Yahoo Finance, Decrypt, CNBC, The Block, Bloomberg, and Reuters. X: @coinbase
| Lauren Thomas / Wall Street Journal: |
More: Coinbase, Deribit Insights, The Daily Upside, CoinGeek, Proactive, NewsBTC, Blockhead, Fortune, CNBC, CoinDesk, DL News, Coinpedia Fintech News, Cryptopolitan, The Block, SiliconANGLE, The Information, Cautious Optimism, Bitcoin Insider, NFTgators, Axios, Yahoo Finance, ZyCrypto, Blockchain.News, Crypto Briefing, Decrypt, Blockworks, TheStreet, Benzinga, Cointelegraph, The Crypto Times, Watcher Guru, CoinGape, crypto.news, CryptoSlate, Reuters, Quartz, CryptoPotato, Bloomberg, Bitcoin Magazine, and Finextra
X: @coinbase, @deribitofficial, @brian_armstrong, @raoulgmi, @gregtusar, @davidtsocy, @architect9000, @coinbasetraders, @emiliemc, @shanaggarwal, @coinbaseintexch, @jasonyanowitz, @brian__foster, @coinbaseinsto, @apompliano, @benlambert08, and @danblocmates
LinkedIn: Phillip Lord and John Turner
| Fortune: |
Sources: Meta is in discussions with crypto firms to introduce stablecoins as a means to manage payouts, and has hired a VP of product with crypto experience — Mark Zuckerberg, CEO of Meta, speaks at a conference in September. — In 2019, Meta announced an audacious project …
More: Stripe, Gadgets 360, Nairametrics, Bitcoinist.com, The Block, BeInCrypto, crypto.news, Tech in Asia, Raw Story, CoinGape, FinanceFeeds, Blockhead, CryptoSlate, Cryptopolitan, Cointelegraph, WinBuzzer, Crypto Briefing, CoinDesk, The Crypto Times, and Blockworks
Bluesky: @csfrayer. X: @timccopeland, @joc_ra, @lexnfx, @ryansadams, @matthewstoller, @hawleymo, @jeffjohnroberts, @moo9000, @zerohedge, @howdymerry, @bdanweiss, @andymstone, @homeless_72, and @chuk_xyz
| Jonathan Vanian / CNBC: |
Pinterest reports Q1 revenue up 16% YoY to $855M, vs. $847M est., MAUs up 10% to 570M, and forecasts Q2 revenue above estimates; PINS jumps 15%+ after hours — Pinterest shares rose 15% in extended trading Thursday after the company reported first-quarter earnings and provided better-than-expected guidance.
More: Pinterest, Yahoo Finance, Reuters, Tech in Asia, Social Media Today, PYMNTS.com, The Information, Investor's Business Daily, and Benzinga. Forums: r/wallstreetbets
| Akash Sriram / Reuters: |
Lyft reports Q1 revenue up 14% YoY to $1.45B, vs. $1.47B est., increases its share buyback program to $750M after activist pressure; LYFT jumps 7%+ after hours — Lyft (LYFT.O) increased its stock buyback program to $750 million and posted a 14% rise in first-quarter revenue on Thursday …
More: Reuters, Lyft, Barron's Online, CNBC, MarketWatch, The Information, Tech in Asia, SiliconANGLE, and Automotive World
| Paige Smith / Bloomberg: |
Memo: the US CFPB discontinues its order designating the supervision of Google Payment, saying the Biden-era decision is an “unwarranted use” of CFPB's powers — The supervision of Google Payment would be “an unwarranted use of the Bureau's powers and resources,” … | Reinhardt Krause / Investor's Business Daily: |
Cloudflare reports Q1 revenue up 27% YoY to $479.1M, vs. $469.3M est., and forecasts Q2 revenue of $500M to $501M, vs. $500.4M est.; NET jumps 8%+ after hours — Cloudflare (NET) stock climbed Thursday after the company reported first-quarter earnings that met views while revenue topped Wall Street targets.| Sarah Perez / TechCrunch: |
Appfigures estimates Apple's US App Store revenue from commissions was ~$10.1B in 2024, more than doubling from ~$4.76B in 2020 — Over $10 billion — that's how much revenue Apple's U.S. App Store raked in last year, according to a new analysis by app intelligence provider Appfigures.
More: PCMag, New York Times, Tech in Asia, The Verge, and Bloomberg
| Scharon Harding / Ars Technica: |
Broadcom is sending cease-and-desist letters to owners of VMware perpetual licenses with expired support contracts, to get them to buy VMware product bundles — Broadcom has been sending cease-and-desist letters to owners of VMware perpetual licenses with expired support contracts, Ars Technica has confirmed.
More: Comparitech, TechSpot, Channel Futures, Network World, and WebProNews
Forums: r/vmware, r/technology, Slashdot, and Ars OpenForum
| Aisha Malik / TechCrunch: |
Google rolls out AI-powered defenses to help combat scams on Chrome, including the use of Gemini Nano, its on-device LLM, in Enhanced Protection mode on desktop — Google announced on Thursday that it's rolling out new AI-powered defenses to help combat scams on Chrome.
More: The Keyword, Chromium Blog, Google Online Security Blog, Business Standard, Finextra, India Today, Livemint, Infosecurity, WebProNews, Gadgets 360, Analytics India Magazine, The Cyber Express, BetaNews, Search Engine Roundtable, Digital Trends, The Hacker News, The Indian Express, Digit, WinBuzzer, Neowin, MacRumors, Search Engine Journal, How-To Geek, CNET, Android Authority, MediaPost, Droid Life, Engadget, Android Police, CNN, and 9to5Google
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