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Techmeme
May 28, 2025, 11:01 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 …
Marcus Mendes / 9to5Mac:
The EU publishes its April 23 decision to fine Apple €500M for DMA non-compliance; Apple has until end of June to become compliant or face periodic fines  —  Update: Apple has responded to the ruling with a statement provided to 9to5Mac, calling it “bad for innovation, bad for competition, bad for our products, and bad for users.”
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
Hartley Charlton / MacRumors:
Apple launches its Self Service Repair program for the iPad lineup, a first, and plans to bring the program to Canada in summer, the 34th country to offer it  —  Apple today announced that its Self Service Repair program is expanding to the iPad.  —  The program will provide iPad owners with manuals …
Tim Balk / New York Times:
A look at issues facing self-driving trucks in the US as Aurora, whose new truck has logged 1,000+ driverless miles on I-45, aims for 20+ trucks by year's end  —  As the trucking industry struggles to recruit drivers, driverless trucks won't need sleep, won't speed and won't get road rage.
Naga Avan-Nomayo / The Block:
Filing: GameStop acquires 4,710 bitcoin for its corporate treasury, but does not disclose the total purchase amount, after announcing a bitcoin plan in March  —  - The video game retailer announced a 4,710 bitcoin purchase on May 28.  — GameStop previously announced plans to adopt Bitcoin …
Oliver Knight / CoinDesk:
Pavel Durov says Telegram and xAI agreed a one-year deal to distribute Grok; Telegram will get $300M in cash and equity from xAI and 50% of subscription revenue  —  Telegram will also receive 50% of revenue from xAI subscriptions sold via the app.  —  What to know:
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
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.
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.
Antonio G. Di Benedetto / The Verge:
Microsoft Surface Laptop 13 review: exquisite hardware, great keyboard, trackpad, and battery, and a 3:2 display, but Snapdragon X has app compatibility issues  —  That Snapdragon X-powered laptop matched the MacBook in build quality, battery life, and at least some aspects of performance …
Nathan Vifflin / Reuters:
TSMC plans to open a design center in Munich in Q3 2025 to support European customers in designing chips for automotive, industrial, AI, and IoT applications  —  Taiwan Semiconductor Manufacturing Co (2330.TW), the world's largest contract chipmaker, said on Tuesday it will open a design centre in Munich …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:01 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

Brian Stelter / CNN:
Filing: Paramount and state AGs agree to freeze the WBD merger until an antitrust trial occurs or until June 2027; a preliminary injunction hearing is canceled

Michael Birnbaum / Washington Post:
Trump says he supports subpoenaing reporters in leak probes and that reporters should be forced to reveal the source of the leaked SCOTUS ruling overturning Roe

Natalie Korach / @nataliekorach:
Memo: HuffPost EIC informs staff that ~15 editorial jobs will be cut, the first layoffs under new owner Byron Allen, and executive editor Kate Palmer is leaving

More News

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

Earlier Picks

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%+
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
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
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
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