The FinTech Hub
Source: The Verge A group of tabletop game makers and other American small businesses are filed a lawsuit on Thursday against President Donald Trump and his administration to attempt to stop his tariffs. The lawsuit alleges the tariffs are “unlawful and unconstitutional” and details how they are creating challenges for the plaintiffs’ businesses. The tabletop…
Source: The Verge Over the past 24 hours, the auto industry has experienced some of the most extreme whiplash in the saga of the Trump administration’s tariffs, ending on Wednesday night with two contradicting policy proposals coming out of the White House: China may be granted exemptions on auto part tariffs, but Canada’s car tariffs…
Source: The Verge Senator Elizabeth Warren (D-MA) sent Apple CEO Tim Cook a letter asking for information regarding Cook and Apple’s conversations with President Donald Trump’s administration about tariffs and any special exemptions from the tariffs, Bloomberg reports. Warren’s letter, obtained by Bloomberg, points out that Apple “appeared to have invested heavily in influencing the…
Source: The Verge Perplexity Chief Business Officer Dmitry Shevelenko said he didn’t want to testify in a trial about how to resolve Google’s search monopoly because he feared retribution from Google. But after being subpoenaed to appear in court, he seized the moment to pitch a business opportunity for his AI company: buying Chrome. If…
Source: The Verge A Democrat has entered the manosphere. Pete Buttigieg, the former Secretary of Transportation in the Biden Administration and a presidential candidate in 2020, sat for a three-hour appearance on Andrew Schultz’s Flagrant on Wednesday to discuss current events, the state of politics, and the culture wars — his latest foray into breaking…
Source: The Verge Operation Rolling Thunder was meant to be an act of persuasion. The US believed that a drawn-out bombardment would pressure the North to cease its aggression on the South — or, at least, encourage it to ease up. “I saw our bombs as my political resources for negotiating a peace,” President Lyndon…
Source: The Verge Something is rotten in the Department of Justice. Three federal prosecutors told their supervisors they’d rather resign than admit to wrongdoing over their refusal to drop the corruption case against New York City Mayor Eric Adams. “We will not confess wrongdoing where there was none,” Celia V. Cohen, Andrew Rohrbach and Derek…
Source: The Verge The European Commission has just issued its first Digital Markets Act (DMA) fines to Apple and Meta, and now it’s telling Apple that it’s not impressed with the company’s approach to alternative app stores. The DMA originally forced Apple to begrudgingly allow alternative app stores on iOS in EU countries last year,…
Source: The Verge Apple and Meta are the first companies to be fined for violations under the European Union’s Digital Markets Act (DMA). The European Commission announced today that Apple has been served a €500 million (about $570 million) penalty after ruling that its App Store “anti-steering” practices failed to comply with DMA antitrust rules….
Source: The Verge When Instagram was acquired for $1 billion in 2012, co-founder Kevin Systrom believed that joining Facebook would help Instagram’s “skyrocketing growth” reach even greater heights. In some ways, it did. Instagram now has billions of users and has since “generated many multiples of that price and then some,” Systrom said on Tuesday…
