Techmeme
May 4, 2021, 7:20 AM

Top News

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 …
Chance Miller / 9to5Mac:
Epic vs. Apple trial begins with Epic attacking the App Store's “walled garden”, arguing Apple's 30% cut is monopolistic; Apple argues 30% is standard practice  —  Today marked the beginning of the highly-anticipated Apple vs. Epic trial, and things kicked off with both companies presenting their opening statements.
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
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.
Casey Newton / The Verge:
Basecamp employees detail an all-hands that led to resignations, including the head of strategy, who questioned the existence of white supremacy at the company  —  I.  —  At 8AM PT on Friday, a bleary-eyed Basecamp CEO Jason Fried gathered his remote workforce together on Zoom to apologize.
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 …
Reuters:
Apple hires ex-Google AI scientist Samy Bengio, who left Google last month after colleagues' firings; sources: Bengio to lead new AI unit under John Giannandrea  —  Apple Inc (AAPL.O) said on Monday it has hired former distinguished Google (GOOGL.O) scientist Samy Bengio …
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”.
Stephen Shankland / CNET:
Intel to invest $3.5B to upgrade its chipmaking plant in New Mexico, resulting in 700 new jobs over three years, as part of CEO Pat Gelsinger's turnaround plan  —  Intel on Monday plans to announce a $3.5 billion upgrade to a chip manufacturing plant in Rio Rancho, New Mexico.
Sarah McBride / Bloomberg:
Justin Zhu, former Iterable CEO ousted for taking LSD before a meeting, on his disputes with key investors and the challenges of being Chinese in Silicon Valley  —  Justin Zhu, chief executive officer of digital marketing startup Iterable Inc., was walking down Broadway in San Francisco …
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 …
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.

Sponsor Posts

OVHcloud:
Escape Ingress/Egress Fees  —  Experience seamless multi-cloud solutions without ingress/egress constraints.  Optimize costs and pave the way for a sustainable digital future.
Standard Metrics:
Nail Portfolio Reviews, Board Meetings and LP Reporting  —  You didn't hire that Stanford grad to manage spreadsheets.  Automate VC portfolio reporting and free your talented team up to deliver portfolio insights.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
Introducing Apple's Journaling Suggestions in Zoho Notebook  —  Are you ready to take your journaling to the next level?  At Zoho Notebook, we are excited to announce a captivating new feature in our iOS app: Apple's Journaling Suggestions!
The Logan Bartlett Show:
EP 111: How Josh Reeves (CEO, Gusto) Built a $10B Company Serving Small Businesses
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
Subscribe to The Logan Bartlett Show!
Techmeme Ride Home:
Fri. 07/26 - SearchGPT
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:20 AM ET, May 4, 2021.

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.

More News

Earlier Picks

Kim Lyons / The Verge: