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| Samsung boss cleared: Samsung Executive Chairman Jay Y. Lee was cleared of fraud and stock-rigging charges by the Seoul High Court, marking a major victory and dispelling much of the uncertainty dogging the billionaire and his company's future. Apple blasts app rules: The company criticized the European Union's digital rules after the first porn app became available on the iPhone in Europe. Apple said such apps were banned in the past, but EU rules forced the company to open its App Store to third-party marketplaces, including AltStore PAL, which carries the Hot Tub app. Shein's looming EU probe: The EU is set to launch a probe into the online marketplace Shein over its compliance with laws forbidding the sale of illegal products, according to people familiar with the matter. | |
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| Palantir stock shot up 24% after the data software company gave a robust forecast for the year that far surpassed expectations. The company is best known for its national security work, especially with US intelligence and defense agencies, and its artificial intelligence products. The shares had gained 340% in 2024. | |
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| In today's Tech In Depth, Kurt Wagner writes that Elon Musk's moves to disrupt the US government with his new Department of Government Efficiency look a lot like the chaos he brought to Twitter. But the stakes for the American public are much higher now. For more of Bloomberg's coverage of the tech industry, subscribe here. | |
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| Mark Gurman writes in Power On that Apple's decision to halt work on augmented reality glasses is just the latest example that the iPhone maker has lost some of its product development edge. The company's faltering efforts are showing up especially in emerging areas of technology like artificial intelligence and AR. For more from Mark, subscribe here. | |
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