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Show Notes
eBay Rejects GameStop’s $56 Billion Takeover Bid
eBay Chairman Paul Pressler has rejected an unsolicited $56 billion takeover bid from GameStop, describing the $125-per-share offer as lacking credibility and attractiveness. Despite offering a 20% premium, the bid faced scrutiny because GameStop’s $11 billion market cap is significantly smaller than eBay’s $45 billion, and CEO Ryan Cohen did not specify how the company would secure funding beyond a planned $20 billion loan. While GameStop has recently pivoted toward retro gaming and store closures, eBay cited concerns over debt and its own competitive strength against Amazon as reasons for the rejection. This development may lead to a proxy fight as Cohen continues his effort to scale GameStop’s valuation.
Read more: Engadget
End-to-End Encryption Finally Arrives for iPhone-to-Android Texts
End-to-end encrypted (E2EE) messaging is beginning to roll out in beta for conversations between iPhone and Android users, resolving a key privacy issue in cross-platform communication. This was made possible by Apple’s 2023 adoption of the RCS messaging protocol after years of regulatory pressure, which also brings features like read receipts and typing indicators, helping to eliminate the “green bubble stigma.” Protected chats between the devices will display a lock icon.
Read more: TechCrunch
EU Browser Rules Deliver Millions of New Firefox Users
The EU’s Digital Markets Act (DMA) has significantly boosted mobile browser adoption for alternatives like Mozilla’s Firefox, which gained approximately 6 million new users via mandated choice screens, with growth much higher on iOS (113%) than Android (12%) due to different implementation methods. Mozilla also saw a fivefold improvement in user retention, while DuckDuckGo’s Android selection rates rose by 40%. Building on these successes, both companies are now advocating for similar DMA-style mandates in the UK, proposing measures like annual choice prompts and extending enforcement to desktop browsers by 2026.
Read more: The Register
Spotify Launches “Party of the Year(s)” for Its 20th Anniversary
Spotify is marking its 20th anniversary with a feature called “Party of the Year(s),” a comprehensive look back at a user’s entire history on the app, similar to Spotify Wrapped. This in-app experience displays key personal statistics like the first day used, total unique songs listened to, the first song streamed, most-streamed artists, and a top 120-song playlist that can be shared via a custom card on social media. The feature is accessible only on the mobile app by searching for “Spotify 20” or “Party of the Year(s),” and the commemoration comes amidst ongoing criticism of the company’s dominant market position and notoriously low artist payouts.
Read more: Engadget
Amazon Expands 30-Minute Delivery Across the U.S.
Amazon has officially launched “Amazon Now,” an ultra-fast 30-minute delivery service available in dozens of U.S. cities, including major hubs like Atlanta, Dallas-Fort Worth, Philadelphia, and Seattle. This new option allows customers to shop thousands of essentials — ranging from fresh groceries and household items to electronics — accessible 24/7 in most areas through a network of smaller, localized fulfillment centers. Amazon Now positions itself as a strong competitor to services like DoorDash and Instacart by offering a more transparent and often more affordable fee structure, with Prime members paying just $3.99 per order.
Read more: TechCrunch
GitLab Cuts Jobs to Double Down on AI Agents
GitLab, the company behind GitHub, announced job cuts to reinvest in AI agents, causing shares to drop more than 8%. CEO Bill Staples clarified the move is a strategic shift toward an “agentic era” rather than a cost-cutting measure, involving R&D restructuring and internal process automation. The exact number of eliminated roles will be disclosed on June 2, as the company optimizes for speed while maintaining its fiscal year 2027 guidance.
Read more: Bloomberg
Sega Cancels Its Ambitious “Super Game” Initiative
Sega has officially cancelled its ambitious “Super Game” project following weak performance in its free-to-play and service-based titles. After five years of development and a planned $880 million investment, the company is now shifting its focus toward revitalizing mainstay IPs like Virtua Fighter and Crazy Taxi, alongside an expanded push into feature films including Sonic the Hedgehog 4 and various other classic game adaptations.
Read more: Engadget
Meta Expands AI Features Across Threads, WhatsApp, and Smart Glasses
Meta is expanding its AI presence by testing a new Muse Spark-powered chatbot on Threads, enabling users to interact with a dedicated @meta.ai account for real-time context and public replies to posts. This integration extends to other platforms like WhatsApp through private “side chats” for group conversation analysis and a mobile version of “Live AI” for visual queries. As part of a broader “superintelligence” push, the Muse Spark model is also rolling out to Meta’s Ray-Ban Meta Smart Glasses and Oakley Meta Smart Glasses, laying the groundwork for future advanced AI agents.
Read more: Engadget
Microdramas Go Mainstream as Streamers Chase Viral Short-Form Hits
The profitable microdrama trend — characterized by addictive, short-form vertical video series — is moving mainstream after apps like ReelShort and DramaBox demonstrated massive consumer spending, reaching billions. Peacock and Bravo are launching the first microdramas by a major U.S. streamer, including “Salon Confessionals with Madison LeCroy” and “Campus Confidential: Miami,” using 60- to 90-second episodes to appeal to their built-in fan base. This move by legacy media follows the rapid growth and entry of competitors like TikTok’s PineDrama, capitalizing on high subscriber engagement with cliffhanger-driven storytelling.
Read more: TechCrunch