Apple and Amazon have asked for a combined $223,000 in sanctions against a prominent class action law firm, accusing it of dragging out litigation over the price of iPhones and iPads after the initial plaintiff in the case sought to drop out. Reuters: ‎ U.S. District Judge Kymberly Evanson in Seattle last month said, opens new tab the companies could ask to recover legal fees from Hagens Berman Sobol Shapiro for failing to immediately disclose that its client wanted out of the case. Hagens Berman “needlessly prolonged this litigation and required considerable judicial resources,” Evanson said. The companies said in their fee request on Friday, opens new tab that their legal teams worked more than 350 hours on motions relating…

Amazon has updated the Kindle app for iOS to include a new "Get Book" button that links users directly to purchase pages on Amazon's website, following a recent court ruling that prohibits Apple from blocking external purchase links or imposing a 27% commission on them (via The Verge). The change to the Kindle app was made in response to a contempt order issued on April 30, 2025, by Judge Yvonne Gonzalez Rogers in the ongoing litigation between Epic Games and Apple. According to the court order, Apple is barred from continuing to enforce App Store rules that previously prevented developers from directing users to external payment methods. For more than a decade, Kindle app users on Apple devices have been…

President Donald Trump holds a signed executive order on tariffs, in the Rose Garden at the White House in Washington, D.C., April 2, 2025. Amazon has refuted baseless claims that it would display tariff impacts alongside product prices on its e-commerce platform, a move that sparked criticism from the Trump administration on Tuesday. Punchbowl News initially reported that Amazon would highlight tariff-driven price hikes on goods. White House Press Secretary Karoline Leavitt denounced the alleged plan as “a confrontational and politically motivated act.” Daniel Howley and Myles Udland for Yahoo Finance.: ‎ According to Washington Post reporter Jeff Stein, Amazon said it was never considering adding the additional cost caused by tariffs next to the price of goods on its…

Amazon.com Inc. has reportedly offered to buy the social video app TikTok from its Chinese owners, submitting a bid to the White House, according to an insider. The company outlined its proposal in a letter sent to Vice President JD Vance, who is leading efforts to broker a sale of TikTok’s US operations before a looming deadline this week, and Commerce Secretary Howard Lutnick, sources confirmed. Stephanie Lai, Kate Sullivan, and Spencer Soper for Bloomberg News: ‎ But the bid… is not being considered seriously by the administration, according to the person, who discussed the sale process on the condition of anonymity. Even if Amazon’s bid fails to gain traction inside the White House, the company’s interest could compel other…

While the “Magnificent Seven” stocks (Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla) dominated the market in 2024 with impressive gains, their performance has turned negative in early 2025. Given their massive market caps, these companies wield considerable sway over the Nasdaq and S&P 500 indexes. Scott Lehtonen for Investor’s Business Daily: ‎ Apple stock declined 2.5% Friday, still below the 200-day line. On Jan. 30, the Cupertino, Calif.-based consumer electronics giant said it earned $2.40 a share on sales of $124.3 billion in the quarter ended Dec. 28. Analysts polled by FactSet had expected Apple earnings of $2.35 a share on sales of $124.3 billion. On a year-over-year basis, Apple earnings rose 10% while sales increased 4%. ‎ MacDailyNews…

It’s not every day you see a tech executive lightly dunk on their competitors, but this week, Netflix’s co-CEO Ted Sarandos was feeling a little bold. In an interview with Variety, Sarandos touched on the Max versus HBO name change, sized up Prime Video as a competitor, and expressed confusion over Apple TV Plus, a platform he’s about to have a small acting role in on the Seth Rogen series The Studio. When it comes to Apple TV Plus, Sarandos said he didn’t get the strategy. “I don’t understand it beyond a marketing play, but they’re really smart people. Maybe they see something we don’t.” In some ways, he’s right about it being a marketing play. Apple’s streaming platform has…