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Techmeme
April 3, 2025, 11:05 AM

Top News

Kif Leswing / CNBC:
Tech stocks fall after President Trump announced new global tariffs: Meta drops as much as ~8%, Amazon drops ~7%, Nvidia ~5%, Alphabet ~4%, and Microsoft ~3%  —  Apple slid more than 6% in late trading Wednesday and led a broader decline in tech stocks after President Donald Trump announced …
More: The White House, ZDNET, Quartz, AIN, Kotaku, New York Times, Yahoo Finance, Wall Street Pit, New Jersey Online, NPR, Fortune, Coinpedia Fintech News, Cult of Mac, Verdict, Cointelegraph, Bloomberg, The Register, CBS News, Polymarket, The Hill, Tech in Asia, Channel News, PCMag, The Verge, TipRanks Financial, NBC News, United States Trade …, and Watcher Guru
Tripp Mickle / New York Times:
Apple shares drop 7%+ after President Trump announced new tariffs, including 46% on Vietnam and 26% on India, where Apple has been moving production from China  —  The iPhone maker spent years trying to move production of some products out of China to avoid tariffs.  But now that may not matter.
Spencer Soper / Bloomberg:
The White House says de minimis tariff exemptions for up to $800 packages from China and Hong Kong will end on May 2, affecting marketplaces like Temu and Shein  —  De minimis tariff exemptions, which currently allow packages worth as much as $800 from China and Hong Kong to enter the US duty free …
Kaya Yurieff / The Information:
Source: President Trump plans to announce TikTok America, a company that is ~50% owned by US investors and 19.9% by ByteDance, which would license the algorithm  —  President Donald Trump plans to announce later on Wednesday his plan for a new company called TikTok America …
Wall Street Journal:
Sergiu Gatlan / BleepingComputer:
Europol says German and Dutch authorities shut down Kidflix, a CSAM dark web streaming platform with 1.8M users between April 2022 and March 2025, on March 11  —  Kidflix, one of the largest platforms used to host, share, and stream child sexual abuse material (CSAM) on the dark web …
Bloomberg:
Sources: Microsoft has halted talks for, or delayed development of, data center projects in Indonesia, the UK, Australia, Illinois, North Dakota, and Wisconsin  —  The software company has recently halted talks for, or delayed development of, sites in Indonesia, the UK, Australia, Illinois …
More: CryptopolitanBluesky: @carnage4lifeMastodon: @GossiTheDog@cyberplace.socialX: @brodyford_ and @mackhawkForums: r/wallstreetbets
Abner Li / 9to5Google:
Google unveils a NotebookLM “Discover sources” feature, which searches the web and recommends up to 10 “relevant sources” for users to add to their notebooks  —  To date, NotebookLM works by having you manually add files and links, with Google now introducing a …
Madhumita Murgia / Financial Times:
Q&A with Christopher Bishop on leading Microsoft's AI for Science lab, why scientific discovery will be AI's single most important application, and more  —  The AI for Science lab director discusses the technology's capability to accelerate time-consuming research
Joey Roulette / Reuters:
Amazon plans to launch the first 27 satellites for its Project Kuiper internet network on April 9, after launching two prototype satellites in October 2023  —  Amazon.com said on Wednesday it plans to launch the first 27 satellites for its Project Kuiper internet network next week …
Andrew Webster / The Verge:
Nintendo Switch 2 hands-on: larger than the Switch but not uncomfortable, flagship games show off the system well, and the Joy-Con's mouse-like mode is precise  —  The value proposition of the Nintendo Switch 2 may seem pretty clear, but it's much more obvious when you use one.
Sarah Perez / TechCrunch:
Automattic lays off 16% of its staff, CEO Matt Mullenweg says to become “more agile and responsive”; ahead of the layoffs, its website listed 1,744 employees  —  Automattic, the company behind WordPress.com, Tumblr, WooCommerce, and a range of other online services, is reducing its workforce.
Sam Reynolds / CoinDesk:
Sources: Justin Sun bailed out Techteryx's TrueUSD after $456M in reserves, managed by First Digital, became illiquid; Techteryx says it was a victim of fraud  —  Justin Sun bailed out Techteryx's TrueUSD stablecoin after nearly half a billion dollars of its reserves were rendered illiquid …
Daniel Kuhn / The Block:

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