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Techmeme
May 27, 2025, 8:20 PM
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Top News

Bloomberg:
Circle aims to raise up to $624M in its US IPO, offering 24M shares at $24-$26 each, valuing it at ~$5.65B, or ~$6.7B fully diluted, at the top of the range  —  The New York-based company behind the second-largest stablecoin and some of its shareholders are offering 24 million shares for $24 to $26 each …
Bloomberg:
Salesforce agrees to acquire cloud data management company Informatica for ~$8B, set to close in its FY 2027, one year after an earlier deal fell through  —  The Elite Microsoft Unit Constantly Working to Thwart Hackers … Explainers
Bloomberg:
Texas enacts an online child safety bill requiring app stores to verify users' ages and secure parental approval before minors can get most apps or make IAPs  —  Texas Governor Greg Abbott signed an online child safety bill, bucking a lobbying push from big tech companies that included …
Mark Gurman / Bloomberg:
Sources: Apple plans a dedicated app for video games to replace Game Center and come preinstalled on iPhone, iPad, Mac, and Apple TV devices later this year  —  Apple Inc. is planning a dedicated app for video games on its devices, seeking to sell gamers and developers on the idea that it's a leader in the market.
Giovanni Colantonio / Digital Trends:
Apple acquires RAC7, the two-person studio behind the popular Apple Arcade game Sneaky Sasquatch, marking its first acquisition of a video game studio
Jess Weatherbed / The Verge:
Meta launches a dedicated iPadOS app for WhatsApp, about 15 years after the messaging service and the first iPad launched  —  The first version of the messaging app built for iPads tablets makes it easy to chat while you browse.  —  Meta now has a dedicated iPad app for WhatsApp …
The Information:
Sources on how Apple declined a deal from Elon Musk to use SpaceX instead of Globalstar for its iOS SOS feature and its 2015 plans to build satellite internet  —  Three years ago, Elon Musk approached Apple with an eleventh-hour offer.  —  Musk had heard that Apple was about to announce …
Nahal Toosi / Politico:
Memo: the Trump admin pauses new student visa interviews as it mulls requiring all foreign students applying to study in the US to undergo social media vetting  —  It's the latest salvo against universities, many of whom rely heavily on foreign students for funds.
Ina Fried / Axios:
Memo: Meta reorganizes its AI teams into an AI products team and AGI Foundations; FAIR remains separate but one specific FAIR team is moving to AGI Foundations  —  Meta is restructuring its AI teams to speed up the rollout of new products and features, Axios has learned.
Cecilia Kang / New York Times:
The US FTC's antitrust trial against Meta ends; Judge James Boasberg, who is presiding over the case, says he will work “expeditiously” to issue an opinion  —  A landmark antitrust trial accusing the social media giant of cementing its dominance through acquiring Instagram and WhatsApp has concluded.
Eric Geller / Cybersecurity Dive:
Memo: nearly all of CISA's top leaders, including heads of five of its six operational divisions and six of 10 regional offices, have left or are leaving in May  —  Most of the leaders of the agency's operating divisions and regional offices have left or will leave this month amid …
Simon Willison / Simon Willison's Weblog:
Mistral launches an API for agents, which can run code, make images, access docs, search the web, and “hand off” to other agents, similar to OpenAI's offerings  —  Build AI agents with the Mistral Agents API.  Big upgrade to Mistral's API this morning: they've announced a new “Agents API”.
Sarah Perez / TechCrunch:
Apple says its App Store blocked $9B+ in fraudulent transactions over the past five years, with $2B in just 2024, and rejected ~2M risky app submissions in 2024  —  Apple on Tuesday announced new figures related to its App Store's ability to protect app developers and consumers from fraud.
Monique Mulima / Bloomberg:
Trump Media & Technology Group plans to sell ~$1.5B in stock and $1B in 0% convertible notes to buy bitcoin for its treasury, following Strategy's model  —  The company's shares fell 9.2% at $23.38 in early trading after rallying premarket following a Financial Times report on its plans …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:20 PM ET, May 27, 2025.

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.

From Mediagazer

Jennifer Maas / Variety:
Disney reports Q3 revenue up 7% YoY to $25.2B, below $25.4B est., adjusted EPS of $2.06, above $1.85 est., and entertainment revenue up 6% to $11.3B

Katie Robertson / New York Times:
The NYT reports Q2 revenue up 11% YoY to $762.5M, digital-only subscription revenue up 16% to $407.9M, and adjusted operating profit up 16% to $155.3M

Jazz Monroe / Pitchfork:
Sources: nearly all staff at music outlets BrooklynVegan, Alternative Press, Revolver, and Goldmine appear to have been laid off by Veeps, owned by Live Nation

More News

Samantha Subin / CNBC:
Okta reports Q1 revenue up 12% YoY to $688M, vs. $680M est., and maintains its FY 2026 guidance due to macroeconomic uncertainties; OKTA drops 12%+ after hours
Ian King / Bloomberg:
A Qualcomm-funded report says Android phones with Qualcomm modems priced similarly to the iPhone 16e with a C1 modem downloaded 5G data up to 35% faster in NYC
Nilay Patel / The Verge:
Q&A with Sundar Pichai on search's future, seeing “overall query growth”, AI agents, not altering search rankings or AI Mode answers to favor Trump, and more
More: Business Insider and WebProNews
Bluesky: @reckless and @edzitron.com
X: @jason_kint and @jason_kint.  LinkedIn: Glenn Gabe
Forums: r/artificial and r/google
Emanuel Maiberg / 404 Media:
Civitai is banning “real-person likeness content” on its site, citing new laws and the loss of its payment processor, after problems with nonconsensual porn

Earlier Picks

Edith Hancock / Wall Street Journal:
The European Commission says it is investigating Pornhub, Stripchat, XNXX, and XVideos for potential child safety DSA violations “as a matter of priority”
Keeping Tabs by The Browser Company:
The Browser Company says it is pivoting away from its Arc browser to build AI-native browser Dia, citing Arc's complexity and limited mass-market appeal
Jose Antonio Lanz / Decrypt:
Researcher: factoring 2048 bit RSA integers could be done with ~20x fewer noisy qubits than previously estimated, though still far beyond current quantum tech
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