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Bloomberg· 2026-08-27 02:54
Meta’s plan to pay up to $18 billion in a sweeping settlement with almost every US state will resolve a slew of legal claims related to teenage users on the company’s social media platforms. Here's how the numbers break down. https://t.co/CBPwvvH1VP ...
NBC Nightly News with Tom Llamas Full Episode - Aug. 26
NBC News· 2026-08-27 02:00
Breaking news tonight, the deadly flood disaster in Southeast Asia. The urgent search for hundreds missing, including Americans. The monster wave of water at the border of Nepal and Tibet.This bus depot destroyed. Drivers scrambling to escape. Entire neighborhoods swept away.The race to save people trapped right now. Also breaking the body cam arrest video of San Francisco 49ers owner Jed York just released. What he told police when he allegedly tried to meet a prostitute.New details in the death of America ...
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Bloomberg· 2026-08-27 01:15
Meta’s plan to pay up to $18 billion in a sweeping settlement with almost every US state will resolve a slew of legal claims related to teenage users on the company’s social media platforms https://t.co/KDEFFGkHF2 ...
Top Story with Tom Llamas - Aug. 26 | NBC News NOW
NBC News· 2026-08-27 01:05
>> BREAKING NEWS TONIGHT, THE DEADLY FLOOD DISASTER IN SOUTHEAST ASIA. THE URGENT SEARCH FOR HUNDREDS MISSING, INCLUDING AMERICANS. THE MONSTER WAVE OF WATER AT THE BORDER OF NEPAL AND TIBET.THIS BUS DEPOT DESTROYED DRIVERS SCRAMBLING TO ESCAPE. ENTIRE NEIGHBORHOODS SWEPT AWAY THE RACE TO SAVE PEOPLE TRAPPED RIGHT NOW, ALSO BREAKING THE BODY CAM ARREST VIDEO OF SAN FRANCISCO 49ERS OWNER JED YORK JUST RELEASED WHAT HE TOLD POLICE WHEN HE ALLEGEDLY TRIED TO MEET A PROSTITUTE. NEW DETAILS IN THE DEATH OF AMERI ...
Father pushes for change after Meta's $18 billion settlement
NBC News· 2026-08-27 01:00
So many families with children impacted by social media have been watching this trial very closely, including the family of Michigan teen Jordan Demay. He died by suicide when he was just 17 years old after being tricked into sharing explicit images on Instagram. The people behind that extortion scam are now behind bars, but Jordan's loved ones are still focused on the apps that those predator those predators use to reach their son.I'm joined today by Jordan's father, John Deay. John, I I am so sorry for yo ...
Hallie Jackson NOW - Aug. 26 | NBC News NOW
NBC News· 2026-08-27 00:42
Industry & Market Trends - The fast-casual and restaurant industry sees Panda Express operating over 2,500 locations, with the iconic orange chicken selling 148 million pounds in 2025[107][110] - The technology sector faces regulatory pressure as Meta agrees to an 18 billion dollar settlement with 48 states over child safety concerns, withholding 30% of the funds unless TikTok and YouTube implement similar protection measures and contribute 6 billion dollars each[14][16][19] Investment Opportunities & Risks - The healthcare and pharmaceutical sectors experience breakthrough developments with the FDA approval of a daily pill for pancreatic cancer that reduces tumor volume by 76% and extends patient life, alongside ongoing advancements in cancer vaccines[115][117][120] - The sports and entertainment sector faces financial instability as LIV Golf lays off the majority of its workforce following the withdrawal of backing by Saudi Arabia's Public Investment Fund[90][91] Corporate Performance & Financial Metrics - Panda Express demonstrates strong employee welfare investments, reporting that 63% of its managers are homeowners at a median age of 34, while achieving broad market penetration across malls, airports, and college campuses[112][113] - Technology giants confront legal complexities as Meta denies liability in its 18 billion dollar settlement while committing to restrict teen daily usage to 2 hours, block apps from midnight to 6 AM, and mute notifications during school hours from 8 AM to 3 PM[14][16][17][18]
NEW: Meta settles social media addiction lawsuit for $17B
MSNBC· 2026-08-27 00:41
Meta and a group of state attorneys general announced a settlement agreement in which the social media giant will pay up to $17 billion and make changes to its apps following allegations that its technology harms children’s mental health. MS NOW's Ari Melber reports on the latest. MS NOW: My Source for News, Opinion, and the World. » Subscribe to MS NOW: https://www.youtube.com/@msnow » Subscribe to MS NOW’s We the People Newsletter for exclusive content from your favorite MS NOW anchors. Sign up now for fr ...
Breaking! Tech titan LOSES Facebook case amid AI REVOLT: Melber Reports on lawsuit
MSNBC· 2026-08-26 23:47
Legal & Regulatory Risks - Meta agreed to a massive settlement of up to $16.68 billion to states, totaling $17 billion including public reporting and court-supervised changes, resolving claims that social media platforms harmed and intentionally addicted children aged 13 to 17 [3][4] - A bipartisan coalition of 47 red and blue states united to exercise state court powers against Meta, bypassing federal intervention since state-level prosecutions and federalism prevent Trump from stopping these state actions [6][7][8] - The tech industry's public approval rating has experienced a dramatic drop of over 50 percentage points since 2015 [6] Industry Trends & Capital Expenditure - Meta has demonstrated massive capital allocation, spending over $130 billion on artificial intelligence in a single year [14] - The aggregate spending surge reaches $750 billion when combining investments from other tech companies racing to capture the artificial intelligence market [15] - The technology sector faces mounting grassroots protests and voter backlash regarding the rapid, unchecked expansion of energy-intensive data centers and artificial intelligence infrastructure [2][17][19][20]
Meta Settles Landmark Teen Social Media Case | Balance of Power 08/26/2026
Bloomberg Television· 2026-08-26 23:39
Financial Performance and Earnings - NVIDIA reported record earnings with revenue effectively doubling year-on-year [3][8] - NVIDIA projected a 70% revenue growth for fiscal year 2028 (calendar year 2027), surpassing the street consensus of 45% [30][87] - NVIDIA anticipated quarterly revenue to cross the 100 billion dollars milestone in the current period [3][11] - NVIDIA's adjusted gross margins reached 75%, matching market expectations with guidance set at 74% plus or minus 50 basis points [9] - Meta agreed to pay up to 18 billion dollars in a landmark settlement involving states over teen social media addiction [54][55] Market Dynamics and Industry Trends - Artificial intelligence accounted for at least a quarter of the broader macroeconomic gross domestic product growth of 2% [21] - AI contributed 0.3% to the core consumer expenditure deflator, which grew between 3.3% and 3.4% [24][25] - NVIDIA's operating margins remained in the mid-70 percentage point range, though expected to face downward pressure [7] - Vera Rubin server design is slated to account for approximately 20% of data center sales in the fiscal third quarter [90] Geopolitics and Regulatory Policy - U.S. and Canada engaged in escalating trade tensions and tariffs, threatening regional economic stability [36][37] - Iran announced a revenue sharing deal with Oman to collect transit fees for commercial ships passing through the Strait of Hormuz [45]
Meta to pay $18 billion to settle child harm lawsuit
NBC News· 2026-08-26 23:28
Financial Impact & Legal Settlement - Meta reaches a landmark legal settlement of $18 billion to resolve a lawsuit regarding teen mental health [1][3] - The $18 billion settlement amount roughly equals one month of revenue for Meta [3] - Meta faced potential damages of hundreds of billions of dollars before settling 4 days into the trial [3] Regulatory & Industry Standards - A bipartisan coalition of 29 states brought the lawsuit against the tech giant [1] - Meta advocates for a single industry standard across social media platforms since teenagers move fluidly between sites [5] - The full payment of the $18 billion settlement is contingent upon other platforms like YouTube and TikTok signing on to the framework [5] Platform Policy & Operational Changes - Meta agrees to implement a 2-hour daily time limit for teenagers under 18 years old [3] - Implementation of a nighttime block restricting access between midnight and 6:00 a.m. for underage users [3] - Product modifications include stronger age verification, hiding post like counts, and blocking extreme beauty filters for teens [3]