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Techmeme
May 28, 2025, 7:35 AM
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Top News

Bloomberg:
Circle aims to raise up to $624M in its US IPO, offering 24M shares at $24-$26 each, valuing it at ~$5.65B, or ~$6.7B fully diluted, at the top of the range  —  The New York-based company behind the second-largest stablecoin and some of its shareholders are offering 24 million shares for $24 to $26 each …
Giovanni Colantonio / Digital Trends:
Apple acquires RAC7, the two-person studio behind the popular Apple Arcade game Sneaky Sasquatch, marking its first acquisition of a video game studio  —  Exclusive: Apple has acquired the two-person studio behind Sneaky Sasquatch, one of Apple Arcade's most popular games.  —  Sneaky Sasquatch Trailer — Apple Arcade
Mark Gurman / Bloomberg:
Sources: Apple plans a dedicated app for video games to replace Game Center that will come preinstalled on iPhone, iPad, Mac, and Apple TV devices later in 2025  —  Apple Inc. is planning a dedicated app for video games on its devices, seeking to sell gamers and developers on the idea that it's a leader in the market.
Bloomberg:
Texas enacts an online child safety bill requiring app stores to verify users' ages and secure parental approval before minors can get most apps or make IAPs  —  The Elite Microsoft Unit Constantly Working to Thwart Hackers … Explainers
MacKenzie Sigalos / CNBC:
Block plans to roll out bitcoin payments on Square in H2 2025; the system runs on the Lightning Network and lets merchants accept bitcoin via Square's hardware  —  LAS VEGAS — Jack Dorsey's latest bitcoin vision is hitting the checkout counter — starting with a merch truck parked just off the casino floor inside The Venetian.
Wall Street Journal:
Inside a “laptop farm” run by a 50-year-old US woman that let DPRK IT workers pose as US tech staff and illegally earn $17.1M from more than 300 US companies  —  A LinkedIn message drew a former waitress in Minnesota into a type of intricate scam involving illegal paychecks and stolen data
Cecilia Kang / New York Times:
The US FTC's antitrust trial against Meta ends; Judge James Boasberg, who is presiding over the case, says he will work “expeditiously” to issue an opinion  —  A landmark antitrust trial accusing the social media giant of cementing its dominance through acquiring Instagram and WhatsApp has concluded.
Kyle Wiggers / TechCrunch:
Anthropic is rolling out voice mode in beta for its Claude mobile apps, available in English; free users can expect 20-30 voice messages before hitting a limit  —  Anthropic has begun to roll out a “voice mode” for its Claude chatbot apps.  —  The voice mode allows Claude mobile app users to have …
Ryan Browne / CNBC:
Getty Images CEO Craig Peters says Getty is spending “millions and millions” on its Stability AI lawsuit in the UK and the US, accusing it of copying 12M images  —  Peters told CNBC in an interview that both Stability AI — the U.K.-based startup best known for its text …
Arjun Kharpal / CNBC:
ASML's stock is down ~25% in the past year from a record ~€1,000 in July 2024, cutting $130B+ from its market cap, amid China export rules and US tariffs  —  More than $130 billion of value has been wiped off of ASML in under a year amid restrictions on exports to China and U.S. tariff uncertainty
More: Tech in Asia and Reuters
Nahal Toosi / Politico:
Memo: the Trump admin pauses new student visa interviews as it mulls requiring all foreign students applying to study in the US to undergo social media vetting  —  It's the latest salvo against universities, many of whom rely heavily on foreign students for funds.
Ina Fried / Axios:
Memo: Meta reorganizes its AI teams into an AI products team and AGI Foundations; FAIR remains separate, but one multimedia team is moving to AGI Foundations  —  Meta is restructuring its AI teams to speed up the rollout of new products and features, Axios has learned.
Chip Cutter / Wall Street Journal:
Memo: Match Group CEO Spencer Rascoff, set to become Tinder CEO in July, lays out a new vision for the app, including speeding up product changes and using AI  —  Spencer Rascoff is rethinking Match Group's biggest app as younger online daters grow tired of swiping
Billy Perrigo / Time:
A look at Tools for Humanity, cofounded by Sam Altman, as the company plans to deploy 7,500 iris-scanning Orbs across the US over the next 12 months  —  Once again, Sam Altman wants to show you the future.  The CEO of OpenAI is standing on a sparse stage in San Francisco, preparing to reveal his next move to an attentive crowd.
Yudhijit Bhattacharjee / Rest of World:
A profile of Byju's CEO Byju Raveendran, who refuses to take responsibility for the edtech company's implosion and is accused of hiding $533M from US lenders  —  From Dubai, the enigmatic founder of Byju's recounts how he made his empire — and vows to rebuild it.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:35 AM ET, May 28, 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

Dan Mangan / CNBC:
President Trump files a $10B defamation lawsuit against the BBC, alleging it intentionally doctored a Panorama documentary to misrepresent his January 6 speech

Aidan Ryan / The Boston Globe:
The Boston Globe says Brian McGrory will return as editor, after Nancy Barnes' departure at the end of 2025; McGrory previously was editor from 2012 to 2023

Sara Fischer / Axios:
WSJ launches Free Expression, a newsletter-focused opinion brand that will be available via its own channels and Substack, initially offering free content

More News

Samantha Subin / CNBC:
Okta reports Q1 revenue up 12% YoY to $688M, vs. $680M est., and maintains its FY 2026 guidance due to macroeconomic uncertainties; OKTA drops 12%+

Earlier Picks

Ian King / Bloomberg:
A Qualcomm-funded report says Android phones with Qualcomm modems priced similarly to the iPhone 16e with a C1 modem downloaded 5G data up to 35% faster in NYC
Simon Willison / Simon Willison's Weblog:
Mistral launches an API for agents, which can run code, make images, access docs, search the web, and “hand off” to other agents, similar to OpenAI's offerings
Sarah Perez / TechCrunch:
Apple says its App Store blocked $9B+ in fraudulent transactions over the past five years, with $2B in just 2024, and rejected ~2M risky app submissions in 2024
Eric Geller / Cybersecurity Dive:
Memo: nearly all of CISA's top leaders, including heads of five of its six operational divisions and six of 10 regional offices, have left or are leaving in May
Jess Weatherbed / The Verge:
Meta launches a dedicated iPadOS app for WhatsApp, about 15 years after the messaging service and the first iPad launched
Emanuel Maiberg / 404 Media:
Civitai is banning “real-person likeness content” on its site, citing new laws and the loss of its payment processor, after problems with nonconsensual porn
The Information:
Sources on how Apple declined a deal from Elon Musk to use SpaceX instead of Globalstar for its iOS SOS feature and its 2015 plans to build satellite internet
Monique Mulima / Bloomberg:
Trump Media & Technology Group plans to sell ~$1.5B in stock and $1B in 0% convertible notes to buy bitcoin for its treasury, following Strategy's model
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