The judge dismissed nearly all of the claims against the "Celebrity Defendants," which include sports stars and others. The court also cleared the "YouTuber Defendants," including influencers who allegedly marketed FTX through social media, of most claims.
The ruling comes after a protracted legal battle in which plaintiffs alleged that the celebrities and influencers were liable for promoting unregistered securities and engaging in deceptive practices.
Earlier this year Nintendo slashed its forecast for sales of the Switch to 11 million units for the year ended Mar. 31. Nintendo on Thursday said it sold 10.8 million units of the Switch in the year, just shy of its own forecast and down 31% year-on-year.
Market research firm Omdia expects Nintendo to sell 14.7 million Switch 2 units in 2025 alone, which would be about 10% ahead of the original Switch's debut year.
"Switch 2 will launch into a stronger position than its predecessor, with over 100 million active Switch users providing a strong foundation for adoption," George Jijiashvili, Omdia's senior principal analyst, told CNBC by email.
Investors are now focused on how the successor to the console, the Switch 2, will perform following its launch. The Switch 2 will start at $449.99 in the U.S. and has improved features compared with its predecessor.
As well as the 15 million unit sales forecast for the fiscal year ending March 2026, Nintendo said it expects to sell 45 million units of software during the same period.
Games are important for the success of any console and Nintendo said the Switch 2 will launch with two titles — "Mario Kart World" and "Nintendo Switch 2 Welcome Tour." There will also be Switch 2 versions of existing games such as "Zelda: Breath of the Wild." Nintendo is leaning on its popular characters such as Mario and Zelda to boost the appeal of the Switch 2.
"This forces Apple to compete," Epic Games CEO Tim Sweeney said shortly after last month's decision. "This is what we wanted all along."
Apple said in the filing that "non-party developers are already seizing upon the Order to reduce consumer choice (and damage Apple's business) by, among other things, impeding the use of" in-app purchases.
Rogers made a criminal referral in the case, saying that Apple misled the court and that a company vice president "outright lied" about when and why Apple decided to charge 27% for external payments. The real decision, the judge said, took place in meetings involving Apple CEO Tim Cook.
Jack Mallers, who rose to fame by launching the Strike payments app, has secured billions of dollars for his bitcoin-holding venture Twenty One, which is backed by SoftBank and Tether.
"What we really pride ourselves on is being blue-chip credibility with startup upside," Mallers told CNBC's Crypto World this week. "We feel like we're big enough to win entering the market with billions of dollars of capital upon launch, but we're small enough to grow and we're small enough to post bitcoin-denominated returns in what's becoming a really competitive capital markets appetite for bitcoin exposure."
The advertising tech company will also obtain a roughly 20% ownership stake in Tripledot Studios, which makes mobile games like Sudoko Friends, Puzzletime and Solitaire Classic. The deal is expected to close in the second quarter of 2025.
AppLovin said it expects second-quarter sales in the range of $1.2 billion to $1.22 billion, trailing analyst expectations of $1.38 billion.
The company reported first-quarter net income of $576 million, or $1.67 per share, up from $234 million, or 67 cents per share, in the same quarter of 2024.
AppLovin's total costs and expenses for the first quarter came in at $820.55 million, representing a 14% increase from the previous year during the same quarter.
But the lawsuit also threatens to ensnare Apple. Google pays the iPhone maker billions of dollars per year — as much as $20 billion per year back in 2022, according to testimony in the trial — to be the default search engine on iPhones. It's lucrative for Apple and a valuable way for Google to get more search volume and users. Apple shares fell 2% during trading Wednesday.
Cue's comments cast doubt on the long-term stability of the relationship. Cue said he believes Google should remain the default search option on Safari, saying he has lost sleep over the possibility of losing the revenue share from the two companies' agreement, according to the report.
The Apple executive said searches on Safari declined for the first time in April, which Cue attributed to the rise in people using AI, according to the report.
A solar-driven water cycle
In a bid to address the global challenge of access to safe drinking water, the team, including scientists from five Chinese research institutions, drew inspiration from the natural porosity of wood, enhancing it with smart materials to engineer a device that captures water more efficiently than most existing technologies, all powered solely by sunlight.
“Our team has invented a device comprising wood’s spongy scaffolding, lithium chloride, iron oxide nanoparticles, a carbon nanotube layer and other specialised features,” Hao emphasized, adding that they also used AI to optimize the material’s performance under varying environmental conditions.
Affordable, biodegradable, and scalable
Hao stressed that the device, despite being small, could be ideal for emergency situations, such as natural disasters that disrupt water supplies, provided the team can scale up and optimize the modular design.
“The current demonstration unit size is 15 cubic millimeters,” Hao said. “It would be very easy to prepare a larger unit, or we can use the units to form an array.”
According to Hou, the device continued to function after being stored at – 4 degrees Fahrenheit for 20 days, demonstrating freeze resistance, and maintained stable performance over repeated use with minimal efficiency loss.
The acquisition positions Coinbase as an international leader in crypto derivatives by open interest and options volume, Greg Tusar, vice president of institutional product, said in a blog post – which could allow it take on big players like Binance. Coinbase operates the largest marketplace for buying and selling cryptocurrencies within the U.S., but has a smaller share of the global crypto market, where activity largely takes place on Binance.
Deribit facilitated more than $1 trillion in trading volume last year and has about $30 billion of current open interest on the platform.
The judge dismissed nearly all of the claims against the "Celebrity Defendants," which include sports stars and others. The court also cleared the "YouTuber Defendants," including influencers who allegedly marketed FTX through social media, of most claims.
The ruling comes after a protracted legal battle in which plaintiffs alleged that the celebrities and influencers were liable for promoting unregistered securities and engaging in deceptive practices.
Earlier this year Nintendo slashed its forecast for sales of the Switch to 11 million units for the year ended Mar. 31. Nintendo on Thursday said it sold 10.8 million units of the Switch in the year, just shy of its own forecast and down 31% year-on-year.
Market research firm Omdia expects Nintendo to sell 14.7 million Switch 2 units in 2025 alone, which would be about 10% ahead of the original Switch's debut year.
"Switch 2 will launch into a stronger position than its predecessor, with over 100 million active Switch users providing a strong foundation for adoption," George Jijiashvili, Omdia's senior principal analyst, told CNBC by email.
Investors are now focused on how the successor to the console, the Switch 2, will perform following its launch. The Switch 2 will start at $449.99 in the U.S. and has improved features compared with its predecessor.
As well as the 15 million unit sales forecast for the fiscal year ending March 2026, Nintendo said it expects to sell 45 million units of software during the same period.
Games are important for the success of any console and Nintendo said the Switch 2 will launch with two titles — "Mario Kart World" and "Nintendo Switch 2 Welcome Tour." There will also be Switch 2 versions of existing games such as "Zelda: Breath of the Wild." Nintendo is leaning on its popular characters such as Mario and Zelda to boost the appeal of the Switch 2.
"This forces Apple to compete," Epic Games CEO Tim Sweeney said shortly after last month's decision. "This is what we wanted all along."
Apple said in the filing that "non-party developers are already seizing upon the Order to reduce consumer choice (and damage Apple's business) by, among other things, impeding the use of" in-app purchases.
Rogers made a criminal referral in the case, saying that Apple misled the court and that a company vice president "outright lied" about when and why Apple decided to charge 27% for external payments. The real decision, the judge said, took place in meetings involving Apple CEO Tim Cook.
Jack Mallers, who rose to fame by launching the Strike payments app, has secured billions of dollars for his bitcoin-holding venture Twenty One, which is backed by SoftBank and Tether.
"What we really pride ourselves on is being blue-chip credibility with startup upside," Mallers told CNBC's Crypto World this week. "We feel like we're big enough to win entering the market with billions of dollars of capital upon launch, but we're small enough to grow and we're small enough to post bitcoin-denominated returns in what's becoming a really competitive capital markets appetite for bitcoin exposure."
The advertising tech company will also obtain a roughly 20% ownership stake in Tripledot Studios, which makes mobile games like Sudoko Friends, Puzzletime and Solitaire Classic. The deal is expected to close in the second quarter of 2025.
AppLovin said it expects second-quarter sales in the range of $1.2 billion to $1.22 billion, trailing analyst expectations of $1.38 billion.
The company reported first-quarter net income of $576 million, or $1.67 per share, up from $234 million, or 67 cents per share, in the same quarter of 2024.
AppLovin's total costs and expenses for the first quarter came in at $820.55 million, representing a 14% increase from the previous year during the same quarter.
But the lawsuit also threatens to ensnare Apple. Google pays the iPhone maker billions of dollars per year — as much as $20 billion per year back in 2022, according to testimony in the trial — to be the default search engine on iPhones. It's lucrative for Apple and a valuable way for Google to get more search volume and users. Apple shares fell 2% during trading Wednesday.
Cue's comments cast doubt on the long-term stability of the relationship. Cue said he believes Google should remain the default search option on Safari, saying he has lost sleep over the possibility of losing the revenue share from the two companies' agreement, according to the report.
The Apple executive said searches on Safari declined for the first time in April, which Cue attributed to the rise in people using AI, according to the report.
A solar-driven water cycle
In a bid to address the global challenge of access to safe drinking water, the team, including scientists from five Chinese research institutions, drew inspiration from the natural porosity of wood, enhancing it with smart materials to engineer a device that captures water more efficiently than most existing technologies, all powered solely by sunlight.
“Our team has invented a device comprising wood’s spongy scaffolding, lithium chloride, iron oxide nanoparticles, a carbon nanotube layer and other specialised features,” Hao emphasized, adding that they also used AI to optimize the material’s performance under varying environmental conditions.
Affordable, biodegradable, and scalable
Hao stressed that the device, despite being small, could be ideal for emergency situations, such as natural disasters that disrupt water supplies, provided the team can scale up and optimize the modular design.
“The current demonstration unit size is 15 cubic millimeters,” Hao said. “It would be very easy to prepare a larger unit, or we can use the units to form an array.”
According to Hou, the device continued to function after being stored at – 4 degrees Fahrenheit for 20 days, demonstrating freeze resistance, and maintained stable performance over repeated use with minimal efficiency loss.
The acquisition positions Coinbase as an international leader in crypto derivatives by open interest and options volume, Greg Tusar, vice president of institutional product, said in a blog post – which could allow it take on big players like Binance. Coinbase operates the largest marketplace for buying and selling cryptocurrencies within the U.S., but has a smaller share of the global crypto market, where activity largely takes place on Binance.
Deribit facilitated more than $1 trillion in trading volume last year and has about $30 billion of current open interest on the platform.