Techmeme
August 1, 2025, 9:40 AM

Top News

Kif Leswing / CNBC:
Apple reports Q3 revenue up 10% YoY to $94.04B, vs. $89.53B est., its largest quarterly growth since December 2021, and China net sales up 4% YoY to $15.37B  —  Apple Apple reported third-quarter earnings on Thursday that topped Wall Street expectations for profit and revenue.
William Gallagher / AppleInsider:
Apple incurred ~$800M in Trump's tariff costs in Q3, $100M less than expected, and expects a jump to $1.1B in Q4 if current rates and policies remain in place  —  Trump's tariffs are increasingly costing Apple more per quarter  —  Apple's bill for Trump's tariffs in the third quarter …
Kif Leswing / CNBC:
Apple:
Chance Miller / 9to5Mac:
Todd Spangler / Variety:
Amanda Silberling / TechCrunch:
OpenAI removes a ChatGPT feature that let users make their conversations discoverable by Google and other search engines, calling it a “short-lived experiment”  —  Update 7/31/25 4:10pm PT: Hours after this article was published, OpenAI said it removed the feature from ChatGPT …
Amazon:
Amazon reports Q2 revenue up 13% YoY to $167.7B, vs. $162.09B est., forecasts Q3 operating income of $15.5B-$20.5B, vs. $19.48B est.; AMZN drops 6%+  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2025.
Annie Palmer / CNBC:
Jordan Novet / CNBC:
Maxwell Zeff / TechCrunch:
Google rolls out Gemini 2.5 Deep Think, its most advanced reasoning model, which can consider multiple ideas simultaneously, to $250-per-month Ultra subscribers  —  Google DeepMind is rolling out Gemini 2.5 Deep Think, which, the company says, is its most advanced AI reasoning model …
Jordan Novet / CNBC:
Figma's stock closes up 250% at $115.50, after Figma sold shares at $33 in its IPO, hitting a ~$68B valuation; Adobe's $20B Figma acquisition fell apart in 2023  —  Figma's stock more than tripled in its New York Stock Exchange debut on Thursday, a day after the design software company sold shares at $33 in its IPO.
More: NBC News, Figma, Tech Funding News, The AI Economy, Wall Street Journal, Reuters, San Francisco Examiner, Axios, Bloomberg Podcasts on YouTube, Fast Company, Forbes, New York Times, San Francisco Business Times, Crunchbase News, CNBC, Financial Times, and Bloomberg
Tanaya Macheel / CNBC:
Tanaya Macheel / CNBC:
Coinbase reports Q2 revenue up 3% YoY to $1.5B, vs. $1.6B est., and retail trading volume up 16% to $43B, vs. $48.05B est.; COIN drops 10%+  —  Coinbase shares fell Thursday after gains in the cryptocurrency exchange's subscription revenue failed to offset weaker trading volumes.
Ryan Browne / CNBC:
Nintendo Q1: revenue up 132% YoY to ~$3.8B, operating profit up 4.4% to ~$378M; it sold 5.82M Switch 2 units in the first month, more than double the original  —  Nintendo more than doubled revenue in its fiscal first quarter, as the company logged bumper sales of its Switch 2 console in the first month of release.
Bloomberg:
Google loses its appeal of a US judge's order in October 2024 requiring it to overhaul its Google Play store policies in an antitrust case filed by Epic Games  —  Alphabet Inc.'s Google lost its appeal of a judge's order requiring an overhaul of the technology giant's app store policies …
Todd Spangler / Variety:
Roku reports Q2 revenue up 15% YoY to $1.11B, vs. $1.07B est., a net profit of $10.5M, and Platform segment sales up 18% to $976M  —  Roku exceeded expectations for the second quarter of 2025, with the streaming platform company turning in better-than-expected 15% top-line growth — and a quarterly profit.
Callan Quinn / Decrypt:
Hong Kong's stablecoin licensing regime takes effect, requiring issuers to get approval from the Monetary Authority, comply with AML protocols, and more  —  Hong Kong's new stablecoin licensing regime takes effect, tightening rules as the city vies for a global crypto edge.  —  In brief
Tanaya Macheel / CNBC:
The US SEC debuts Project Crypto, an initiative to “modernize” securities regulations to allow for crypto-based trading, amid investor interest in tokenization  —  The Securities and Exchange Commission on Thursday debuted “Project Crypto,” an initiative to modernize securities rules …

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