Tech
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Rani Molla
2h

Snap and Meta fall as Trump hints at TikTok deal, Bessent says framework for an agreement has been reached

Snap fell more than 1% premarket while Meta dropped about 0.5% after President Donald Trump hinted on his social media platform, Truth Social, that a TikTok deal was reached during the European trade meetings. “A deal was also reached on a ‘certain’ company that young people in our Country very much wanted to save,” he wrote. “They will be very happy!”

Treasury Secretary Scott Bessent was more explicit, telling reporters in Madrid that a framework for a TikTok deal has been reached, according to Bloomberg.

Trump said he would speak with Chinese leader Xi Jinping on Friday.

Back in 2024, a bipartisan group of lawmakers agreed that TikTok was such an unspeakable threat to American security that it had to be outlawed or sold to an American buyer. Since then, Trump has thrice pushed back the deadline for the deal, saving the app from going dark.

As Sherwood News’ Nate Becker has noted, Oracle is a likely contender to buy or run TikTok.

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Millie Giles
SEARCH AND DESTROY
5m
Google faces its first big lawsuit for AI summaries, from one of many media companies it’s eclipsing

With most of America’s major news sites seeing large drops in readership, even the tech giant itself admits the web is in “rapid decline”.

Google Headquarters - Bay View Campus
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Rani Molla
11m

Google joins Apple, Microsoft, and Nvidia with a $3 trillion-plus valuation

Today, Google became the fourth company to surpass a $3 trillion market cap, joining the likes of Nvidia, Microsoft, and Apple. Google’s shares were up 4% in early trading, pushing the company over the $3 trillion milestone. The stock has been on a tear following a federal court ruling earlier this month that avoided some of the worst-case antitrust scenarios regarding its search monopoly, including breaking up the company. And earlier today Citigroup raised its Google price target to $280 from $225, citing “an accelerated product development cycle that is beginning to emerge with greater Gemini adoption across both its Ads and Cloud businesses.”

Apple A19 Pro chip

Apple is packing a growing number of self-built custom chips into its gadgets

Fifteen years ago, Apple started on a journey to build its own custom chips. Today, more and more core functions are running on Apple silicon.

Jon Keegan28m
Elon Musk with chainsaw

Tesla turns positive for the year

Tesla shares surged Monday after CEO Elon Musk disclosed buying more than $1 billion worth.

Rani Molla1h
Waymo With Bay Bridge

Mapped: Where Google’s Waymo is, will be, and might go

Waymo is operating more than 2,000 autonomous vehicles and testing in many markets. Meanwhile, Tesla’s autonomous operations are tiny, but its ambitions are huge.

Rani Molla2h

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