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April 2, 2025, 10:45 PM
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Top News

Kif Leswing / CNBC:
Tech stocks fall in late trading after President Trump announced new tariffs: Amazon drops as much ~7%, Meta ~5%, 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 …
Tripp Mickle / New York Times:
Apple shares drop 7%+ after hours after President Trump announced new tariffs, including 46% on Vietnam and 26% on India, where Apple has been moving production  —  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” exemptions for packages under $800 from China and Hong Kong will end on May 2, affecting Temu, Shein, and other marketplaces  —  De minimis tariff exemptions, which currently allow packages worth as much as $800 from China and Hong Kong to enter the US duty free …
Jay Peters / The Verge:
Nintendo shares Switch 2 details: a 7.9", 120fps, 1080p display, 4K at 60fps when docked, a custom Nvidia processor, 256GB of storage, and a new Pro Controller  —  Finally, some specs. … The device has a 7.9-inch screen, but it's still 13.99mm thick, like the first Switch.
The Verge:
Nintendo says the Switch 2 will cost $450 for the console or $500 for a Mario Kart World bundle on its June 5 launch; preorders in North America open on April 9  —  Nintendo is finally sharing some real details about its next console. … After a reveal that was light on details …
Nintendo of America on YouTube:
A recording of Nintendo's Switch 2 event
Nathan Ingraham / Engadget:
Nintendo says the Switch 2 uses microSD Express cards, and the new Joy-Con controllers have a C button for GameChat, which uses the console's built-in mic
Dean Takahashi / VentureBeat:
Nintendo says it will add Nintendo GameCube games to the library of titles playable on the Switch 2, including The Legend of Zelda: The Wind Waker from 2002
Daniel Cooper / Engadget:
Nintendo unveils GameShare, which will enable local multiplayer on multiple Switch consoles with just one copy of a title, set to launch alongside the Switch 2
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.
Wall Street Journal:
Sources: AppLovin has made a bid for TikTok and talked to casino magnate Steve Wynn about backing it; a source says AppLovin pitched itself as a job creator
Rachael Bade / Politico:
Sources: President Trump told his inner circle, including Cabinet members, that Elon Musk will step back in the coming weeks; Trump remains pleased with DOGE  —  The president is pleased with Musk but the decision comes as the tech mogul increasingly looks like a political liability.
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 …
Sergiu Gatlan / BleepingComputer:
Europol says German and Dutch authorities shut down Kidflix, a CSAM 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 …
Wall Street Journal:
Sources: Zuckerberg is lobbying Trump for a settlement that would prevent Meta from facing an antitrust trial later this month; he visited the White House today  —  Meta Platforms CEO has visited the White House three times since the start of Trump's second term
Maxwell Zeff / TechCrunch:
Anthropic debuts a Claude for Education tier for colleges, with Learning Mode, where it asks questions to test understanding, shares templates for papers, more  —  Anthropic announced on Wednesday that it's launching a new Claude for Education tier, an answer to OpenAI's ChatGPT Edu plan.
Eric Newcomer / Newcomer:
A sworn Irish affidavit: Keith O'Brien, who allegedly spied for Deel while working at Rippling, says Deel paid him and he coordinated with Deel CEO Alex Bouaziz  —  Read the stunning affidavit from Keith O'Brien, the alleged Deel spy  —  Keith O'Brien, the man who allegedly spied for Deel …

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This is a Techmeme archive page. It shows how the site appeared at 10:45 PM ET, April 2, 2025.

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From Mediagazer

New York Times:
Kara Swisher and Scott Galloway re-sign their Vox Media deal using a novel revenue-sharing contract with no guaranteed payments, potentially earning them ~$70M

BBC:
Source: Gary Lineker is set to leave the BBC sooner than planned after a new social media antisemitism row; BBC executives believe he caused reputation damage

Daniel Thomas / Financial Times:
Sources: New York Sun owner Dovid Efune is launching a new “British bid” to buy The Telegraph with backing from Brexit backer Jeremy Hosking and Nadhim Zahawi

More News

Sarah Perez / TechCrunch:
Automattic lays off 16% of staff, CEO Matt Mullenweg says to become “more agile and responsive”; Automattic website listed 1,744 employees ahead of the layoffs
Jess Weatherbed / The Verge:
Adobe updates Premiere Pro with AI features like Generative Extend, which lets users extend clips by up to two seconds in 4K quality and with background audio
Matt Sledge / The Intercept:
Trump pardoned BitMEX owner HDR Global Trading, which had pleaded guilty and was fined $100M for money laundering, possibly the first US pardon of a corporation

Earlier Picks

Alex Sherman / CNBC:
The UFC signs a multimillion-dollar, multiyear sponsorship deal with Meta spanning Meta AI, Meta Glasses, Meta Quest, Facebook, Instagram, WhatsApp, and Threads
Wikimedia:
Wikimedia says bandwidth usage for multimedia content grew 50% since January 2024, driven by AI training bots; 65% of resource-consuming traffic comes from bots
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