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Thu. 05/01 – Judge Refers Apple For A Criminal Investigation

47 snips
May 1, 2025
Apple faces legal turmoil as a court ruling forces changes to its App Store practices. Tensions mount at Tesla with leadership uncertainties and declining profits. Meanwhile, Meta and Microsoft report strong earnings amidst a tech market shakeup. Xbox prices are on the rise, and privacy issues are highlighted with updates on Meta’s smart glasses. A thought-provoking idea emerges: would you wear a smart ring to prove fidelity in relationships?
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INSIGHT

Apple Held in Contempt for App Store

  • Judge Gonzalez Rogers held Apple in contempt for violating a 2021 court order to allow third-party payments on the App Store.
  • Apple imposed a 27% commission on some off-app purchases, which the judge ruled as an anti-competitive barrier to maintain revenue.
ANECDOTE

Tesla Board Considered CEO Search

  • Tesla's board secretly considered finding a CEO successor due to Musk's focus on politics and weakened company results.
  • Musk promised to return his focus to Tesla after critics urged more attention to the company.
INSIGHT

Meta's User Growth and Invested Future

  • Meta's WhatsApp grew to over 3 billion monthly active users, showing strong platform expansion.
  • Meta raised its 2025 capital expenditure forecast significantly, indicating high investment confidence despite increased infrastructure costs.
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