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Techmeme
May 28, 2025, 2:10 AM
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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 …
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  —  Exclusive: Apple has acquired the two-person studio behind Sneaky Sasquatch, one of Apple Arcade's most popular games.  —  Sneaky Sasquatch Trailer — Apple Arcade
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.
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 …
MacKenzie Sigalos / CNBC:
Block plans to roll out bitcoin payments on Square in H2 2025; the system runs on the Lightning Network and lets merchants accept bitcoin via Square's hardware  —  LAS VEGAS — Jack Dorsey's latest bitcoin vision is hitting the checkout counter — starting with a merch truck parked just off the casino floor inside The Venetian.
Ina Fried / Axios:
Memo: Meta reorganizes its AI teams into an AI products team and AGI Foundations; FAIR remains separate, but one multimedia 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.
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  —  Informatica shareholders are set to receive $25 in cash per share, according to a statement on Tuesday, representing a 30% premium …
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.
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 …
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.
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”.
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 …
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 …
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  —  Okta reported better-than-expected earnings and revenue on Tuesday but maintained its guidance as the identity management software vendor grapples …
Marina Temkin / TechCrunch:
SignalFire: startups and Big Tech firms cut hiring of recent graduates by 11% and 25% respectively in 2024 vs. 2023, as AI can handle routine, low-risk tasks  —  If and when AI will start replacing human labor has been the subject of numerous debates.  —  While it's still hard to say with certainty …
Tim Bradshaw / Financial Times:
Q&A with Luther Lowe, YC's first full-time lobbyist, on advocating for “Little Tech” and ensuring that startups have a voice in Washington, DC, and Brussels  —  The start-up incubator's first full-time lobbyist talks about taking on the giants of the tech world on behalf of the smaller players who want to make a splash
Bloomberg:
A recent surge in high-profile cyberattacks is boosting cyber insurers' prospects, with global premium volume expected to hit ~$30B by 2030, growing at 10% YoY  —  A recent surge in high-profile cyberattacks is offering an opportunity for insurers including Munich Re AG and Chubb Ltd. to cash …

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This is a Techmeme archive page. It shows how the site appeared at 2:10 AM ET, May 28, 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

Dan Mangan / CNBC:
President Trump files a $10B defamation lawsuit against the BBC, alleging it intentionally doctored a Panorama documentary to misrepresent his January 6 speech

Jem Bartholomew / Columbia Journalism Review:
US Press Freedom Tracker: 32 journalists arrested or charged in 2025, vs. 50 in 2024, and 170 assaulted, nearly as many as the previous three years combined

Byron Tau / Associated Press:
Sources: Bay Area radio station KCBS-AM, which faced MAGA backlash over ICE coverage, scaled back political reporting after Brendan Carr's threats of a probe

More News

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: @edzitron.com and @reckless
X: @jason_kint and @jason_kint.  LinkedIn: Glenn Gabe
Forums: r/artificial and r/google
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
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

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
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”
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