🗞️Meta's Apple store strategy

...also Doge cuts to Congress and GameStop buys Bitcoin

May 28, 2025

May 28th, 2025

What happened today 🇺🇸,

Meta wants to open more retail stores | TechCrunch

Meta reportedly wants to expand its brick-and-mortar retail footprint to sell devices like the Quest VR headset and its Ray Ban glasses.

techcrunch.com/2025/05/28/meta-wants-to-open-more-retail-stores

  • Meta, the company that owns Facebook, Instagram, and WhatsApp, is planning to expand its physical retail presence by opening new stores modeled after the Apple Store, aiming to boost sales of hardware products like Meta Quest VR headsets and Ray-Ban Meta Smart Glasses

  • The White House is planning to send a package of spending cuts to Congress next week that will formalize the cuts that have been made by Musk’s Department of Government Efficiency

  • The U.S. has announced that they will begin revoking visas of Chinese students with ties to their country’s Communist Party or are “studying in critical fields”

  • President Trump has announced plans to take Fannie Mae and Freddie Mac public, but pledged that the U.S. government will retain its mortgage guarantees and oversight role to ensure market stability…read more about it here

  • President Trump has ordered major U.S. chip design software companies to stop selling their electronic design automation (EDA) tools to China, aiming to further restrict China’s access to advanced semiconductor technology

  • E.l.f. Beauty is acquiring Hailey Bieber’s skincare brand, Rhode, for about $1 billion

  • UnitedHealth Group is facing another lawsuit, this one claiming that the company used ex-employees’ 401(k) funds to cover its own costs…read more about it here  

  • GameStop has purchased approximately 4,710 Bitcoins, worth about $513 million, as part of a new strategy to invest in cryptocurrency and create a bitcoin reserve asset

  • DOW down .58% / S&P down .56%

  • Israeli PM Netanyahu said today that the leader of Hamas, Mohammed Sinwar, has been killed

Plus: A look at states with the most car crashes

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