
Snap has launched its $2,195 augmented reality glasses.
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Snap has launched its $2,195 augmented reality glasses.

Meta may have just rewritten the rules its rivals must follow.

On Aug. 26, 2026, hotter-than-expected July inflation and rising bond yields shifted rate-cut expectations, weighing on chip stocks ahead of Nvidia's earnings.

The main stock indexes failed to make big moves on Wednesday ahead of Nvidia's earnings report, while Meta settled a landmark social media case.

Aug 26 (Reuters) - Meta Platforms agreed to pay a maximum $16.68 billion as part of a settlement to resolve claims brought by states across the country that the company designed Facebook and Instagram

Aug 26 (Reuters) - Meta Platforms reached a settlement to resolve claims brought by states across the country that the company designed Instagram and Facebook to addict children, misled consumers

Meta Platforms Inc. and state attorneys general have discussed a possible mid-trial settlement of a blockbuster case accusing the company of deliberately designing Facebook and Instagram to addict teens, people familiar with the matter said.

Eight months after implementing a ban on under-16s accessing social media services like TikTok, Australia finds its younger users are returning in droves, according to new data from Qustodio.

Meta Platforms Inc. is headed to court Tuesday for a high-stakes showdown with a coalition of state attorneys general over claims that the company deliberately designed Facebook and Instagram to encourage compulsive use among young users.

Snapchat’s second quarter saw a stronger-than-expected performance, which management attributed to momentum in both its advertising and subscription businesses. CEO Evan Spiegel emphasized that recent investments in ad platform automation and AI-powered tools have started to pay off, citing a 56% year-over-year increase in conversion events and growing adoption of new ad formats like sponsored Snaps. The company also benefited from major sporting events and robust growth among its small and medi
Revenue grew 19% as AI-powered ad tools drove conversions and subscriptions surged 85%.

<body><p>STORY: From Nvidia drumming up cash to four legged robots keeping homes safe.</p><p>This is Tech Weekly. </p><p>:: Tech Weekly</p><p>Nvidia said it's partnered with six major financial institutions to launch compute financing platforms...</p><p>aimed at raising over $500 billion in third-party capital for AI infrastructure.</p><p>Nvidia CEO Jensen Huang said on X that the company has the option to backstop up to $125 billion, or 25% of the potential deals.</p><p>The move highlights how surging demand for AI computing capacity is drawing institutional investors.</p><p>A U.S. appeals court allowed thousands of lawsuits to move forward against Meta Platforms, Alphabet's Google, ByteDance's TikTok and Snap Inc's Snapchat.</p><p>It's over claims they designed their products to be addictive to young users.</p><p>A San Francisco-based court rejected an appeal by Meta and TikTok seeking to overturn a lower court ruling requiring them to face more than 3,000 lawsuits filed in federal court.</p><p> Eyewitness video captured the moment China’s Long March 7A rocket exploded after take-off in Hainan.</p><p>State news agency Xinhua said the cause was under investigation.</p><p>The failure could trigger checks of other Chinese launches if investigators identify a problem involving shared components, manufacturing or Wenchang launch operations.</p><p>And would you trust a robot dog to keep you safe at home?</p><p>"Hey this is Landon from Undaunted products. How can I help you today?"</p><p>Robotic dogs are replacing overnight security guards at several Atlanta apartment complexes, where property managers say the machines are helping deter crime and improve safety.</p><p>At 445 Cleveland Apartments, two four-legged robots patrol the property's roughly 200 units.</p><p>The robots, operated by Atlanta-based startup Undaunted, are remotely controlled by human operators.</p><p>They monitor live camera feeds and communicate directly with residents through onboard speakers.</p></body>
U. S. stock futures traded higher on Tuesday following a positive start to the week on Wall Street, as investors weighed ongoing uncertainty surrounding the Middle East against another wave of corporate earnings.
Snap (NYSE:SNAP) reported second-quarter revenue growth of 19% as the company cited improving advertising performance, rapid expansion in subscription-related revenue and increased cash generation. The company also said it is shifting its primary financial objective toward free cash flow per share w
Social network Snapchat (NYSE: SNAP) will be reporting earnings this Monday after market hours. Here’s what you need to know.
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Oracle's annual filing cited AI adoption among the drivers of 21,000 job cuts in fiscal 2026. Snap cut 1,000 people and the CEO said rapid AI advances meant a smaller team could do the same work. At college graduation ceremonies this spring, speakers who brought up AI got booed. By May, Challenger, ...
Snap’s stock price has taken a beating over the past six months, shedding 42.7% of its value and falling to $4.69 per share. This might have investors contemplating their next move.
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By Diana Novak Jones June 23 (Reuters) - Google's YouTube has settled with a minor who claimed the platform caused mental health harms, the plaintiff’s lawyers said, ahead of a second California trial
Google's YouTube has settled a lawsuit brought by a minor who claimed the platform damaged his mental health, his lawyers said Tuesday, ahead of a second California trial over social media's role in the youth mental health crisis. The suit named four defendants — YouTube, Meta's Instagram, Snap Inc's Snapchat and ByteDance's TikTok — and the remaining three companies are still set to face trial in July. Google spokesperson Jose Castaneda said in a statement that the lawsuit had been amicably resolved.
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Ohio's law requiring children under 16 to get parental consent to use social media apps must be restored, a divided panel of the Sixth Circuit Court of Appeals ruled Thursday. The decision comes as a blow to NetChoice, which had won court victories against similar laws in other states, including California and Arkansas. The trade group representing TikTok, Snapchat, Meta and other major tech companies brought suit against Ohio's law in 2024, arguing that it was overly broad, vague and represented an unconstitutional impediment to free speech.
US stocks look set for a cautious start on Wednesday as investors await the first Federal Reserve interest rate decision under new chair Kevin Warsh, with the focus less on the immediate policy outcome and more on the route forward. Futures point to a flat open for the Dow Jones and S&P...
Snap CEO Evan Spiegel told Reuters the company's new Specs augmented-reality glasses are part of its long-term strategy, pushing back on activist investor demands to shut down or spin off the cash-burning unit behind the device. The launch comes months after Irenic Capital Management pushed Snap to consider options for Specs as part of a series of changes that the activist investor said could boost the social media company's worth by at least five times. Irenic has argued Specs should be funded on its own, noting Snap has already spent more than $3.5 billion on the unit.
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