Techmeme
May 3, 2021, 7:10 PM

Top News

Chance Miller / 9to5Mac:
Epic vs. Apple trial begins with Epic's opening remarks attacking the App Store's “walled garden”, arguing Apple's 30% cut of in-app purchases is monopolistic  —  Today marked the beginning of the highly-anticipated Apple vs. Epic trial, and things kicked off with both companies presenting their opening statements.
Mitchell Clark / The Verge:
Court docs: Epic's total gross revenue was $5.6B in 2018 and $4.2B in 2019, with the vast majority of revenue coming from Fortnite  —  New financial figures were revealed as part of Epic Games' antitrust case against Apple  —  After a meteoric rise to popularity in 2018 …
Mark Gurman / Bloomberg:
Court docs: in a 2011 email Phil Schiller floated cutting Apple's 30% fee, provided it could still generate $1B in annual App Store profits when the fee was cut  —  - Top executive proposed fee cut at $1 billion in annual profit  — App Store fee structure, policies at issue in trial with Epic
Steve Kovach / CNBC:
Verizon says it will sell Yahoo and AOL to PE firm Apollo Global Management for $5B, keeping a 10% stake in the company, which will be rebranded as just “Yahoo”  —  - Verizon will sell its media group, which includes brands from AOL and Yahoo, to private equity firm Apollo Global Management.
Sarah Perez / TechCrunch:
Twitter opens Spaces, its live audio feature, to anyone with 600+ followers and details plans for Ticketed Spaces, reminders, co-hosting, accessibility, more  —  Twitter Spaces, the company's new live audio rooms feature, is opening up more broadly.  The company announced today it's making …
Juli Clover / MacRumors:
Kuo: Apple is planning to launch a foldable iPhone with an 8" QHD+ flexible OLED display in 2023; Kuo says Apple will ship 15M to 20M foldable iPhones in 2023  —  Apple is working to launch a foldable iPhone with an 8-inch QHD+ flexible OLED display in 2023, Apple analyst Ming-Chi Kuo …
CNN:
The Oversight Board says it will announce its decision on Facebook's banning of Trump at 9AM ET on Wednesday, after receiving 9,000+ public responses  —  (CNN Business)The Facebook Oversight Board will announce its long-anticipated decision on the fate of former President Trump's Facebook account …
Kim Lyons / The Verge:
After Apple's iOS 14 privacy updates, Facebook and Instagram show prompts in their iOS apps telling users that data tracking keeps its services “free of charge”  —  iOS 14 has new privacy settings that let users opt out of tracking  —  Facebook is continuing its campaign …
Katie Canales / Insider:
SensorTower data shows Clubhouse was downloaded only about 900,000 times in April, down from 2.7M installs in March and from February's peak of 9.6M  —  - Clubhouse's 922,000 downloads in April is a dip from February when 9.6 million users installed it.  — The audio app has enjoyed …
Eric Slivka / MacRumors:
Apple releases iOS 14.5.1, watchOS 7.4.1, and macOS Big Sur 11.3.1 with security fixes for flaws in WebKit that Apple says were being actively exploited  —  Alongside iOS 14.5.1 and watchOS 7.4.1, Apple today also released macOS Big Sur 11.3.1, which the company says “provides important security updates”.
Jeff Grubb / VentureBeat:
Sony says Discord will be integrated into PlayStation Network starting early 2022; Sony will invest an undisclosed amount in Discord as part of the partnership  —  Join GamesBeat Summit 2021, happening today!  Watch live here!  —  Sony is planning to integrate Discord into PlayStation Network starting in early 2022.
Megan Graham / CNBC:
Amazon says its ad-supported streaming video content now reaches more than 120M users every month, up from 20M in January 2020, driven by Twitch  —  - Amazon said Monday its ad-supported streaming content now reaches more than 120 monthly users every month.
Gertrude Chavez-Dreyfuss / Reuters:
Blockchain-based trading platform INX says it estimates it raised $125M from over 7,200K investors in its SEC-approved token and equity offerings  —  NEW YORK (Reuters) - INX Ltd, the blockchain-based global trading platform for digital securities and cryptocurrencies, said on Monday it expects …

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