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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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From Mediagazer

Benjamin Mullin / New York Times:
Arkansas PBS severs ties with the PBS network, the first state public TV system to do so since Congress cut CPB funds, citing the annual $2M+ membership cost

Pamela McClintock / The Hollywood Reporter:
Disney's Zootopia 2 surpasses $1B at the global box office, the fastest PG-rated film to do so after just 17 days in release

Trip Gabriel / New York Times:
R. Bruce Dold, a Pulitzer Prize-winning journalist at the Chicago Tribune, where he became editor-in-chief and publisher, is dead at 70

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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