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💥 Amazon makes last-minute bid for TikTok
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- Amazon has reportedly made a last-minute bid to acquire TikTok as the platform faces an April 5 deadline to shed Chinese ownership or be banned in the United States.
- President Donald Trump is meeting with officials to discuss TikTok's fate, stating that a deal with parent company ByteDance will be finalized before the impending deadline.
- Several investment groups are exploring TikTok acquisition options, including an Oracle-led bid involving Andreessen Horowitz and a potential Blackstone partnership with ByteDance's non-Chinese shareholders.
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📉 Apple shares plummet after Trump tariff announcement
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- Apple shares dropped over 6% in late trading following President Donald Trump's announcement of new tariffs on imported goods, which could significantly impact the company's revenue from devices manufactured in China.
- The tariff plan includes a 10% blanket duty on all imports plus additional charges for specific countries, with China facing a 34% tariff that may affect tech giants like Nvidia and Tesla, which also saw stock declines.
- Despite praising Apple's planned $500 billion investment in U.S. manufacturing during his speech, Trump's "declaration of economic independence" triggered a broader market decline with the S&P 500 ETF falling 2.8%.
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🎮 Epic Games CEO blasts Apple and Google for “gangster-style” tactics
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- Epic Games CEO Tim Sweeney accused Apple and Google of being "gangster-style businesses" that engage in illegal practices, highlighting how their warning screens for non-app store software causes 50-60% of users to abandon installation attempts.
- Sweeney criticized Apple's "malicious compliance" with court orders, stating that despite legal requirements to open up to competition, Apple's small 3% commission reduction for alternative payment methods doesn't make it economically viable for developers.
- Due to Apple's friction and fees for third-party app stores on iOS, including a "core technology fee" of 50 cents per install per year, no major game developers have been willing to distribute games through the Epic Game Store.
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🛰️ Amazon is ready to launch its Starlink competitor
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- Amazon's Project Kuiper is set to launch its first batch of 27 space internet satellites next week, with plans for 80 more missions to establish a constellation competing against Starlink and begin offering service later this year.
- The satellites will launch aboard an Atlas V rocket from Cape Canaveral, featuring a special reflective coating to reduce visibility to astronomers, while Amazon develops terminal antennas that will offer speeds up to 1Gbps.
- Amazon's internet constellation will eventually consist of more than 3,200 satellites orbiting 392 miles above Earth at 17,000 mph, significantly smaller than Elon Musk's Starlink network which already exceeds 7,000 satellites.
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🔍 Microsoft rolls out Bing Copilot Search to compete with Google
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- Microsoft has widely rolled out "Copilot Search" on Bing, offering AI-generated search summaries that hide traditional blue links while providing web sources beneath the AI response.
- The company has started positioning Copilot Search as the first search filter in Bing's interface for some users, prioritizing it even above the full Copilot experience.
- This strategic move by Microsoft comes as Google prepares to launch its competing "AI Mode" feature, which was announced in early March.
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