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President Biden signs the ByteDance-TikTok divest-or-ban bill into law, after the Senate passed it by 79-18; the House passed the legislation 360-58 on April 20 (Lauren Feiner/The Verge) + RELATED

President Biden signs the ByteDance-TikTok divest-or-ban bill into law, after the Senate passed it by 79-18; the House passed the legislation 360-58 on April 20 (Lauren Feiner/The Verge)

Biden signing the TikTok divestment bill starts a 270-day countdown for a sale or a US prohibition; sources say ByteDance sees a divestiture as a last resort (Alex Barinka/Bloomberg)

TikTok is suspending the rewards program in TikTok Lite while it tries to resolve EU concerns about the potentially addictive nature of the program for children (Foo Yun Chee/Reuters)

How a tiny group of US lawmakers and aides wrote the TikTok divestment bill, hiding their efforts to avoid TikTok's lobbying, alongside the DOJ and White House (New York Times)

Whether TikTok is banned or not, this is the end as we know it for the money-losing app, which may lose focus due to advertiser, creator, and staff uncertainty (M.G. Siegler/Spyglass)

Meta, Google, Snap, and Amazon all benefit from the US' TikTok ban; Mark Zuckerberg criticized TikTok's Chinese roots in 2019, part of Meta's broader campaign (Will Oremus/Washington Post)

Biden's re-election campaign plans to continue using TikTok for at least the next year, with "enhanced security measures", to help "meet voters where they are" (Monica Alba/NBC News)

Legal scholars discuss how the TikTok divestment bill could survive a First Amendment challenge and why the US will likely rely on a national security argument (Casey Newton/Platformer)

Filings: in 2024, ByteDance and TikTok spent $7M+ combined on lobbying against the US' TikTok bill; AdImpact: TikTok spent $4.5M+ on TV and digital ads in 2023 (Brian Schwartz/CNBC)

Meta reports Q1 revenue up 27% YoY to $36.46B, net income up 117% YoY to $12.37B, and family daily active people up 7% YoY to 3.24B for March 2024 (Meta Investor Relations) + RELATED

Meta reports Q1 revenue up 27% YoY to $36.46B, net income up 117% YoY to $12.37B, and family daily active people up 7% YoY to 3.24B for March 2024 (Meta Investor Relations)

Meta's stock drops 15%+ after hours on a weak Q2 revenue guidance and higher FY 2024 capital expenditures due to increased AI infrastructure investments (Ashley Capoot/CNBC)

Meta's Reality Labs Q1: revenue up 30% YoY to $440M, vs. $512.5M est., a $3.85B operating loss, vs. $4.31B est.; Reality Labs lost $45B+ since the end of 2020 (Alex Koller/CNBC)

Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances (Andy Greenberg/Wired)

IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024 (Ben Glickman/Wall Street Journal) + RELATED

IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024 (Ben Glickman/Wall Street Journal)

IBM reports Q1 revenue up 1% YoY to $14.46B, vs. $14.55B est., software revenue up 5.5% YoY to $5.9B, and net income of $1.6B, up from $927M YoY; IBM drops 5%+ (Jordan Novet/CNBC)

US prosecutors charge two founders of the Samourai Wallet crypto mixing service, saying it facilitated more than $100M in money laundering transactions (Bob Van Voris/Bloomberg)

Qualcomm details its Snapdragon X Plus and X Elite chips; benchmarks from a demo suggest the chips match Apple's M3, Intel's Core Ultra 9, and AMD's Ryzen 9 (Joanna Nelius/The Verge) + RELATED

Qualcomm details its Snapdragon X Plus and X Elite chips; benchmarks from a demo suggest the chips match Apple's M3, Intel's Core Ultra 9, and AMD's Ryzen 9 (Joanna Nelius/The Verge)

Sources: Qualcomm is cheating on Snapdragon X Plus and Elite benchmarks given to OEMs and the press; the numbers are not achievable with the claimed settings (Charlie Demerjian/SemiAccurate)

Nvidia acquires AI infrastructure orchestration and management service Run:ai, a source says for ~$700M; Run:ai, founded in 2018, had raised $118M to date (Meir Orbach/CTech)

Apple researchers share OpenELM, a family of LLMs with 270M to 3B parameters, designed to run on-device, and pre-trained and fine-tuned on public datasets (Shubham Sharma/VentureBeat)

Microsoft begins rolling out Windows 11 Start menu ads that show app "recommendations" from "a small set of curated developers"; users can disable the ads (Tom Warren/The Verge)

Worldcoin subsidiary World Assets plans to sell WLD tokens to meet the demand for orb-verified World IDs and support Worldcoin network growth; WLD drops 7%+ (Brian McGleenon/The Block)

WhatsApp rolls out passkey support on iOS, removing the need for users to deal with SMS one-time passcodes, six months after introducing the feature on Android (Aisha Malik/TechCrunch)

Source: cloud data management startup Rubrik priced its IPO at $32 a share, above its expected $28-$31 range, raising $752M and valuing the company at $5.6B (CNBC)

Hands-on with the Rabbit R1: a fun and funky AI device that feels pretty nice and does a solid job with basic AI questions, but the Rabbithole app is unfinished (David Pierce/The Verge)

Nooks, whose AI tools can analyze sales calls and summarize customer interactions, raised a $22M Series A led by Lachy Groom, bringing its total funding to $27M (Ken Yeung/VentureBeat)

AI coding assistant startup Augment emerges from stealth with a $227M Series B at a $977M post-money valuation, following a $25M Series A led by Sutter Hill (Kyle Wiggers/TechCrunch)

The US DOJ argues Binance founder Changpeng Zhao should spend three years in prison and pay $50M for helping Binance violate sanctions and money laundering laws (Nikhilesh De/CoinDesk)