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August 1, 2025, 6:30 AM
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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% 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 tariff-related 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 …
Apple:
Apple Q3: iPhone up 13% YoY to $44.58B, vs. $40.22B est., Mac up 15% to $8.05B, iPad down 8% to $6.58B, and Wearables, Home, and Accessories down 9% to $7.4B  —  June quarter records for total company revenue, iPhone revenue and EPS  —  Services revenue reaches new all-time high
Kif Leswing / CNBC:
Tim Cook says Apple is “significantly growing” its investment in AI and reassigning staff to work on AI features, while remaining “very open to M&A”  —  Apple's AI strategy and investment was on the mind of analysts on an earnings call after the company reported …
Chance Miller / 9to5Mac:
Apple has now sold over 3B iPhones since its 2007 launch; it reached 1B sold in July 2016, and is estimated to have reached 2B around September 2021
Todd Spangler / Variety:
Apple reports Q3 revenue from Services, which includes the App Store, Apple TV+, and Apple Music, up 13.3% YoY to $27.42B, vs. $26.8B est.
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%+ after hours  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2025.
Annie Palmer / CNBC:
Amazon reports Q2 ad revenue up 23% YoY to $15.7B, vs. $14.9B est., and subscription services revenue up 12% YoY to $12.2B  —  Amazon shares slid more than 3% in extended trading on Thursday after the company reported second-quarter results that exceeded expectations, but it gave light operating income guidance for the current period.
Jordan Novet / CNBC:
Amazon reports Q2 AWS revenue up 17.5% YoY to $30.9B, vs. $30.8B est., and AWS operating income up 8.8% YoY to $10.2B
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 9%+ after hours  —  Coinbase shares fell Thursday after gains in the cryptocurrency exchange's subscription revenue failed to offset weaker trading volumes.
Tanaya Macheel / CNBC:
Coinbase says its new “everything exchange” will include tokenized assets, stocks, derivatives, prediction markets, and more, for US users in the coming months  —  Coinbase is planning to expand its core trading app beyond crypto, the company said Thursday.
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 …
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: Figma, Wall Street Journal, Reuters, Tech Funding News, The AI Economy, San Francisco Examiner, Motley Fool, Axios, Bloomberg Podcasts on YouTube, Fast Company, Forbes, New York Times, San Francisco Business Times, Crunchbase News, CNBC, Financial Times, and Bloomberg
X: @nadavwiz, @bgurley, @andrew__reed, @bgurley, @alexrkonrad, @trungtphan, @solana, @andyzg3, @zacharydewitt, @traestephens, @ycombinator, @thestalwart, @firstadopter, @martymadrid, @ashleevance, @growing_daniel, @joecarlsonshow, @william_blake, @packym, @davidgeorge83, @ashleevance, @gergelyorosz, @eglyman, @dohamekki, @robertjbye, @mamoonha, @haridigresses, @zck, @jordihays, @farooqib, @lulumeservey, @mihikapoor, @can, @greylockvc, @sarahdingwang, @emiliemc, @artemr, @rsg, @lexnfx, @esthercrawford, @figma, @zoink, @highyieldharry, @judson, @j0hnwang, @tryramp, @gergelyorosz, @apompliano, @bgurley, @arfurrock, @annbordetsky, @j0hnwang, @scobleizer, @teroterotero, @thestalwart, @mattturck, @unusual_whales, @tmrohan, @levie, @gergelyorosz, @stammy, @teroterotero, @clairetbutler, @danprimack, @mikeyk, @rsms, @levie, @packym, @sarahmillerdc, @johnmarknewman, @vladlykhonis, @nyse, @sdw, @buccocapital, @rleshner, @firstadopter, @thogge, @jimcramer, @akothari, @stevesi, @danprimack, @jimcramer, @danprimack, @growing_daniel, @nic__carter, @erondu, @jsngr, @mikeisaac, @zoink, @artemr, @arampell, @asanwal, @jaredpalmer, @elianoayounes, @kwharrison13, @rrhoover, @mikeisaac, @arya__deniz, @mikeisaac, @aaron_epstein, @nikillinit, @bgurley, @buccocapital, @alexkehr, @nic__carter, @itstarh, and @lutherlowe.  LinkedIn: Jordan Novet
Forums: Hacker News and r/web_design
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 …
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 …
Sri Muppidi / The Information:
Source: Anthropic is nearing $5B in annualized revenue, up from $4B reported on July 1, as it nears a deal to raise $5B led by Iconiq at a $170B valuation  —  This year's torrid deal-making pace is definitely not taking a pause for summer.  On Wednesday, I reported that OpenAI is months ahead …
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.
Anna Tong / Reuters:
AI infrastructure company fal, which runs audio, video, and image models on behalf of enterprises, raised a $125M Series C led by Meritech at a $1.5B valuation  —  Artificial intelligence infrastructure company fal raised a $125 million Series C round valuing the company at $1.5 billion, the company said Thursday.
New York Times:
A look at Big Tech's AI talent wars with massive compensation packages; sources: Meta told potential hires they would be allotted 30K GPUs for their AI research  —  Over the summer, Matt Deitke got a phone call from Mark Zuckerberg, Meta's chief executive.  —  Mr. Zuckerberg wanted Mr. Deitke …

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From Mediagazer

Lulu Garcia-Navarro / New York Times:
Q&A with Scott Pelley on his last days at 60 Minutes, CBS News' Bari Weiss era, “Black Thursday massacre” firings, confronting Nick Bilton publicly, and more

Jody Godoy / Reuters:
Sources: a group of US states is preparing a lawsuit against Paramount's WBD acquisition; California's AG has said his office would make a decision soon

Jack Dunn / Variety:
Trump stormed out of his interview with NBC News' Meet the Press after getting into a verbal sparring match with Kristen Welker over election fraud claims

More News

Ryan Browne / CNBC:
Nintendo reports Q1 revenue up 132% YoY to ~$3.8B, operating profit up 4.4% to ~$378M, and 5.82M Switch 2 sales, more than double of Switch 1 in its first month

Earlier Picks

Andy Greenberg / Wired:
Microsoft says Russia's Secret Blizzard hacking group is using Russian ISPs to install spyware disguised as Kaspersky on PCs of victims in embassies in Moscow
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