News

Bloomberg: Sources: the US DOJ is poised to sue Apple as soon as Thursday, accusing it of violating antitrust laws by blocking rivals from accessing iPhone features  —  The suit, which is expected to be filed in federal court, escalates… Read More »Sources: the US DOJ is poised to sue Apple as soon as Thursday, accusing it of violating antitrust laws by blocking rivals from accessing iPhone features (Bloomberg)

CNBC: Sources: Reddit priced its IPO at $34 a share, the top of its expected range, valuing the company at about $6.5B  —  In this photo illustration a Reddit logo is seen displayed on a smartphone.  —  Reddit, the 19-year-old… Read More »Sources: Reddit priced its IPO at $34 a share, the top of its expected range, valuing the company at about $6.5B (CNBC)

Alfred Ng / Politico: The US House passes a bill to prevent data brokers from selling personal data to China, Russia or other “foreign adversaries”; the bill now heads to the Senate  —  The first major Capitol Hill action on… Read More »The US House passes a bill to prevent data brokers from selling personal data to China, Russia or other “foreign adversaries”; the bill now heads to the Senate (Alfred Ng/Politico)

Bloomberg: Chipmaker Astera Labs jumped 72% in its trading debut after its IPO topped expectations to raise $713M, giving the company a market value of $9.46B  —  – Chip connectivity firm’s IPO fourth largest in US this year  — Share… Read More »Chipmaker Astera Labs jumped 72% in its trading debut after its IPO topped expectations to raise $713M, giving the company a market value of $9.46B (Bloomberg)

Ian King / Bloomberg: Micron reports Q2 revenue up 58% YoY to $5.82B, vs. $5.53B est., and forecasts Q3 revenue above estimates, buoyed by demand for AI hardware; MU jumps 11%+  —  – Sales outlook far exceeds what analysts were… Read More »Micron reports Q2 revenue up 58% YoY to $5.82B, vs. $5.53B est., and forecasts Q3 revenue above estimates, buoyed by demand for AI hardware; MU jumps 11%+ (Ian King/Bloomberg)

Frederic Lardinois / TechCrunch: GitHub releases code scanning autofix, powered by Copilot and CodeQL, in public beta for GitHub Advanced Security customers, to help them fix vulnerabilities  —  It’s a bad day for bugs.  Earlier today, Sentry announced its AI… Read More »GitHub releases code scanning autofix, powered by Copilot and CodeQL, in public beta for GitHub Advanced Security customers, to help them fix vulnerabilities (Frederic Lardinois/TechCrunch)

Ben Schoon / 9to5Google: Epic plans to release the Epic Games Store on iOS and Android later this year, with the same terms as the ones for PC, including a 12% commission on sales  —  With plans to launch its… Read More »Epic plans to release the Epic Games Store on iOS and Android later this year, with the same terms as the ones for PC, including a 12% commission on sales (Ben Schoon/9to5Google)

Wall Street Journal: Meta, Microsoft, X, and Match Group file an amicus brief in Epic v. Apple protesting Apple’s plan to charge a commission for payments made outside the App Store  —  Four tech companies object to Apple’s new app… Read More »Meta, Microsoft, X, and Match Group file an amicus brief in Epic v. Apple protesting Apple’s plan to charge a commission for payments made outside the App Store (Wall Street Journal)

Niamh Rowe / Fortune: Morph, an Ethereum Layer 2 network that uses a combination of optimistic and zero-knowledge rollup technologies, raised a $19M seed led by DragonFly Capital  —  Morph, a layer-2 Ethereum Virtual Machine, today announced a $19 million… Read More »Morph, an Ethereum Layer 2 network that uses a combination of optimistic and zero-knowledge rollup technologies, raised a $19M seed led by DragonFly Capital (Niamh Rowe/Fortune)

Tim Copeland / The Block: A commit in Ethereum Foundation’s GitHub repository shows the foundation has received a voluntary and confidential enquiry from an unspecified state authority  —  – The Ethereum Foundation has received a voluntary and confidential inquiry from… Read More »A commit in Ethereum Foundation’s GitHub repository shows the foundation has received a voluntary and confidential enquiry from an unspecified state authority (Tim Copeland/The Block)