| Tripp Mickle / New York Times: |
How Apple's extraordinary measures to keep its App Store commissions after the Epic v. Apple trial led to a civil contempt ruling and weakened its credibility — Court documents show the company commissioned a sham report and lied on the stand to justify its actions, which will cast a shadow over future lawsuits.| Zac Hall / 9to5Mac: |
Epic Games says it has submitted Fortnite to the US App Store for review — Update: Epic Games says it has submitted Fortnite to the U.S. App Store for review. The ball is now in Apple's court to approve the app submission. — If Fortnite does return to the U.S. App Store this week, it won't be before Friday.| Victoria Song / The Verge: |
Whoop sparks a backlash after asking its subscribers to pay to upgrade to 5.0, despite earlier promises of free hardware upgrades after six months of membership — Whoop promised members who'd been around at least six months would get free next-gen hardware. Now, you'll have to pay.| Victoria Song / The Verge: |
Whoop launches Whoop 5.0, its latest screenless wearable, including a medical grade version with Healthspan, showing users how they are aging physiologically — It's appealing to non-athletes with more affordable subscriptions and more advanced health features like EKGs.| Jonathan Stempel / Reuters: |
Google agrees to pay $50M to settle a lawsuit accusing it of systemic racial bias against Black employees, covering 4,000+ employees in California and New York — Google agreed to pay $50 million to settle a lawsuit accusing the search engine company of systemic racial bias against Black employees.| Reed Albergotti / Semafor: |
Sources: the US Treasury asked Benchmark whether its Manus AI funding is covered by restrictions on investments in tech destined for “countries of concern” — THE SCOOP — The US Treasury Department is reviewing a Benchmark Capital-led $75 million investment in Chinese startup Manus AI … | Charles Rollet / TechCrunch: |
Source: US DOL ended its probe into Scale AI's Fair Labor Standards Act compliance, after announcing a friendlier approach to classifying workers as contractors — The U.S. Department of Labor has dropped its investigation into Scale AI's compliance with the Fair Labor Standards Act … | Mary Ann Azevedo / TechCrunch: |
Rippling raised a $450M Series G at a $16.8B valuation, up from $13.4B during its $200M Series F in 2024; it is also conducting a $200M tender offer — HR tech startup Rippling has raised a $450 million Series G round at a $16.8 billion valuation, the company confirmed to TechCrunch.| MK Manoylov / The Block: |
Coinbase Derivatives, the company's CFTC-regulated derivatives arm, launches 24/7 Bitcoin and Ethereum futures trading for retail and institutional users — - Coinbase Derivatives, the firm's CFTC-regulated derivatives arm, will provide round-the-clock futures contracts trading for retail and institutional users starting today.| David K. Li / NBC News: |
A US judged sentenced an Arizona man to the maximum 10.5 years in prison after his deceased victim gave the court an impact statement via an AI-generated video — The defendant got the maximum of 10½ years for the 2021 murder. His attorney called the presentation “inflammatory,” providing grounds for appeal.| Sarah Perez / TechCrunch: |
Appfigures estimates Apple made $10.1B in revenue from US App Store commissions in 2024, up from $4.8B in 2020, $6.7B in 2021, $7.4B in 2022, and $8.8B in 2023 — Over $10 billion — that's how much revenue Apple's U.S. App Store raked in last year, according to a new analysis by app intelligence provider Appfigures.| Emily Birnbaum / Bloomberg: |
Tech companies warn they may pull back from US investment pledges if Congress doesn't fully reinstate the R&D tax deduction pared back in Trump's 2017 tax bill — Major tech companies lobbying to salvage a tax deduction for research and development are warning they may pull … | Olga Kharif / Bloomberg: |
Brian Armstrong says Coinbase considered allocating 80% of its balance sheet into bitcoin but decided against the scheme as it was too risky — “There were definitely moments over the last 12 years where we thought, man, should we put 80% of our balance sheet into crypto — into Bitcoin specifically … | Sri Muppidi / The Information: |
Sources: Snowflake challenger ClickHouse is in talks to raise hundreds of millions led by Khosla Ventures at a $6B valuation, triple its valuation from 2021 — Investors have reaped billions of dollars in gains from backing database software firms Snowflake and Databricks.
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| Coco Feng / South China Morning Post: |
| Scharon Harding / Ars Technica: |
| Karissa Bell / Engadget: |
| Michael Nuñez / VentureBeat: |
| Chris Cameron / New York Times: |
| Reinhardt Krause / Investor's Business Daily: |
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