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April 3, 2025, 10:55 AM
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memeorandum
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| 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
Bluesky: @carnage4life. X: @jamessurowiecki, @sullyomarr, @atrupar, @trumpdailyposts, @cobie, @rabois, @saylor, @krishnanrohit, @thestalwart, @micah_erfan, @balajis, @typesfast, @typesfast, @cobie, @alecstapp, @lhsummers, @jamesrbuk, @dkthomp, @jasonfurman, @ivanwerning, @rapidresponse47, @frances_coppola, @secretaryburgum, @dkthomp, @ivanwerning, @rapidresponse47, @d_a_irwin, @saikatc, @typesfast, @billackman, @buccocapital, @cliffordasness, @elerianm, @gopmajoritywhip, @jbulltard1, @secscottbessent, @rapidresponse47, @alecstapp, @thestalwart, @repbrianbabin, @ivanwerning, @maxwinebach, @lhsummers, @rapidresponse47, @jbarro, @reprileymoore, @rapidresponse47, @armanddoma, @justinwolfers, @natesilver538, @palmerluckey, @dandrezner, @justinwolfers, @thestalwart, @rapidresponse47, @esaagar, @rapidresponse47, @stavridisj, @thestalwart, @mystephanomics, @sec_noem, @deanwball, @ustraderep, @macaesbruno, @thestalwart, @brazilbrian, @dampedspring, @speakerjohnson, @lhsummers, @atabarrok, @ramit, @typesfast, @rapidresponse47, @adamscochran, and @howardlutnick. LinkedIn: Jamie Tronnes
| 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.
More: The Verge, Bloomberg, CNBC, MacRumors, Wired, XDA Developers, 9to5Mac, UploadVR, Business Today, Barron's Online, Forbes, BBC, Video Games Chronicle, Financial Times, Blockchain.News, BGR, NewsBTC, nextpit, New York Times, ZeroHedge News, MEDIANAMA, Business Insider, Reuters, Silicon UK, Pajiba, MacDailyNews, Daily Mail, Analytics India Magazine, Times of India, KED Global, PhoneArena, The Economic Times, Moneycontrol, Cryptopolitan, Bloomberg, iPhone in Canada Blog, Jacobin, Washington Post, Yahoo Finance, Above Avalon, Financial Times, Wccftech, Gamereactor UK, MacRumors, 9to5Mac, Total Telecom, Reason, Tech in Asia, and AppleInsider
Bluesky: @evystadium, @katie-drummond, and @tonyalbrecht
X: @thestalwart, @markgurman, @rogerentner, @tailosivetech, @paulg, @obrien, @markgurman, and @rogerentner
Forums: r/technology, r/apple, r/geopolitics, and MacRumors Forums
| 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 …
More: The White House, Investor's Business Daily, The Information, Times of India, The Business of Fashion, Android Authority, The Times, Yahoo Finance, CNBC, New York Post, Hong Kong Free Press HKFP, Axios, and Business Today
X: @aaronandml, @aaronandml, @senbillcassidy, @dominicjpino, @typesfast, @nic__carter, and @senbillcassidy. Forums: r/TemuThings
| Tanaya Macheel / CNBC: |
Bitcoin fell ~5% to ~$81K, ether dropped 7%, and Solana fell 13% after President Trump unveiled new tariffs; Coinbase's and MicroStrategy's shares are down 6%+ — Bitcoin and other cryptocurrencies were under pressure Thursday after President Donald Trump's big tariffs reveal jolted the stock market.| 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 … | New York Times: |
Sources: Amazon has put in a bid to acquire all of TikTok, but various parties involved do not appear to be taking it seriously, ahead of the April 5 deadline — The e-commerce giant put in a last-minute offer for the popular video app, according to three people familiar with the talks.
More: Reuters, Washington Post, Bloomberg, BBC, Reuters, RedState, Raleigh News & Observer, Modern Retail, PocketGamer.biz, TheGrio, Associated Press, MediaPost, Blavity News & Entertainment, KCRG-TV, Poynter, CNBC, GSMArena.com, RTTNews, TechSpot, Nairametrics, Blockhead, Digit, Oh No They Didn't!, Cryptopolitan, 80 Level, Music Business Worldwide, Blockonomi, Status, Decrypt, NBC News, Daily Mail, The Ankler, The Information, Android Headlines, Seattle Business Journal, Tech in Asia, Entrepreneur, USA Today, Gamereactor UK, Investor's Business Daily, Financial Times, and New York Times
Bluesky: @ddayen, @joshuabenton.com, @sungkim, @karlbode.com, and @karaswisher
X: @drbarnard, @basedbeffjezos, @mabintou, @greg16676935420, @dennishegstad, @buffys, @artcandee, @munster_gene, @loudmouthjulia, @jkarl26, @tim_bays, @danprimack, and @maggienyt
LinkedIn: Lauren Hirsch, David Anderson, and Ramon Portilla
Forums: Hacker News, r/news, r/Hedera, r/CryptoCurrency, r/worldnews, r/technology, Beehaw, Slashdot, and MacRumors Forums
| Matt Levine / Bloomberg: |
Circle's S-1 shows that it is a fintech and that, as of December 31, 2024, ~85% of USDC reserves were in a BlackRock-managed money market fund only for Circle — Circle, slangy wealth management chatbots, private credit runs, SEC climate rules and OCC desk space.| The Information: |
Sources: Google is in advanced talks to rent Nvidia Blackwell chips from CoreWeave, highlighting how Nvidia customers are struggling with AI chip availability — Google is in advanced talks to rent state-of-the-art Nvidia Blackwell chips for running artificial intelligence from CoreWeave …
More: DatacenterDynamics, WinBuzzer, Benzinga, and TipRanks Financial
Bluesky: @carnage4life and @edzitron.com
| 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 … | 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 … | 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: Cryptopolitan. Bluesky: @carnage4life. Mastodon: @GossiTheDog@cyberplace.social. X: @brodyford_ and @mackhawk. Forums: r/wallstreetbets
| 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| Financial Times: |
Samsung has turned to Chinese customers like Baidu to prop up its ailing chip business; SemiAnalysis says Samsung is the “biggest supplier of HBM into China” — Deals with Chinese tech giant Baidu come as South Korean giant loses ground in US and navigates Washington's curbs| Bloomberg: |
AI video startup Runway raised $308M led by General Atlantic, sources say at a $3B+ valuation, and plans to hire more filmmakers, screenwriters, and others — The deal, which is set to be announced Thursday, pushes Runway's value to just over $3 billion, according to people familiar … | 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 … | 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.
More: Automattic, The Verge, Silicon Republic, Ace of Spades HQ, Search Engine Journal, and Moneycontrol
Bluesky: @holman, @jcoglan, @chriswiegman.com, @stanb, and @ernie.tedium.co
Mastodon: @zachleat@fediverse … and @george@a2mi.social
X: @deviorobert, @pmusolino, @automattic, @cameronjonesweb, @nagpai, @richard_tabor, @renatoagds, and @ryancduff. LinkedIn: Paolo Musolino
Forums: r/technology and r/Wordpress
| Duncan Riley / SiliconANGLE: |
Unframe, which lets companies deploy tailored AI products for any use case within hours, comes out of stealth with $50M in funding from Bessemer, TLV, others — Enterprise artificial intelligence platform startup Unframe Inc. launched today with an announcement that it has raised $50 million …
More: Globes Online and Pulse 2.0
| 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.| Ryan Gallagher / Bloomberg: |
Netscout: DDoS attacks rose from 13M+ in 2023 to almost 17M in 2024, becoming a staple of geopolitical conflict as new tech like AI supercharges their power — A type of cyberattack that was once the preserve of petty criminals is becoming a staple of geopolitical conflict as new technology supercharges …
More: BetaNews, Cointelegraph, Netscout, Risky Business, Forbes, Advanced Television, and ITPro
| Jessica Testa / New York Times: |
Spotify debuts new ad tools, including an AI tool in the US and Canada that generates scripts and voiceovers, and pitches itself to advertisers as “nutritional” — After finally achieving profitability, the streaming platform wants to be a healthy alternative to “doom scrolling.”
More: TechCrunch, Spotify, The Hollywood Reporter, Music Ally, Ad Age, and Adweek
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