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Meta is facing what could be its most consequential trial yet, as 29 state attorneys general accuse the tech giant of knowingly designing Facebook and Instagram to addict children and misleading the public about the risks.
The states are seeking civil penalties that could approach $200 billion and changes to core features like infinite scroll and autoplay, while Meta says the claims are unsubstantiated and that it has built strong protections for teens.
The outcome of the federal trial could reshape how social media platforms are designed and open the door to greater liability for companies across the industry.
CNBC’s Julia Boorstin examines why this case could become Big Tech’s “Big Tobacco” moment, and what a loss could mean for Meta’s business and the future of social media.
Reporter: Julia Boorstin
Produced and Edited by: Andrew Evers
Senior Field Producer: Stephen Desaulniers
Additional Editing: Erin Black
Senior Director of Video: Jeniece Pettitt
Additional Footage: Getty Images
Software defined vehicles offer advantages their analog rivals can‘t compete with. But the hardware and software in them needs to be maintained, and some owners have found their cars suddenly obsolete or without key features.
CNBC talked with industry figures, including Rivian Chief Software Officer Wassym Bensaid about the promise of software defined vehicles and how his company is trying to handle the challenges this new form of ownership poses.
Chapters:
00:00 Introduction
01:22 Chapter 1: Software-defined cars
02:34 Chapter 2: The problem
04:39 Chapter 3: Keep it running
FedEx CEO Raj Subramaniam joins 'Mad Money' host Jim Cramer to talk quarterly results, the state of air freight and logistics, growth opportunities, and more.
CNBC Marathon covers the changing U.S. business landscape as Chinese firms continue to influence food and drink, entertainment and artificial intelligence.
Luckin Coffee, the chain that quickly overtook Starbucks in China, has opened its first U.S. locations in New York City. While the company, founded in 2017, is expected to expand rapidly, it has already lived through a major fraud scandal and bankruptcy in its home market. So now the question is: can it pose a real risk to major domestic coffeehouse chains like Starbucks? Watch the video to learn about how Luckin Coffee is taking on the U.S.
Duanju, the Chinese term for micro dramas known for wild plots and vertical, bite-sized videos, made headlines in China in 2024 as the industry surpassed the country's box-office revenue for the first time. The short-format videos, which typically consist of episodes ranging from 90 seconds to two minutes long, initially gained popularity in China after capitalizing on the short-form video trend from other short-video apps in the country. And it now has its sights set on the U.S. entertainment industry.
Silicon Valley is now reckoning with a technique in AI development that could upend the leaderboard. Distillation is the idea that a small team with virtually no resources can make an advanced AI model by extracting knowledge from a larger one. While the Chinese AI startup DeepSeek didn’t invent the method, its use of the technique roiled the stock market and woke the AI world up to its disruptive potential. Distillation is now enabling less-capitalized startups and research labs to compete at the cutting edge faster than ever before. DeepSeek’s breakthroughs also ushered in the rise of a new open-source order, based on a belief that transparency and accessibility drive innovation faster than closed-door research. That combination -- distillation’s newfound traction and open-source’s rise in popularity -- is deadly for the competitive edges that the biggest AI players had. This video also includes Bosa’s full interview with Glean CEO Arvind Jain.
From coffee to AI to bite-sized dramas, Chinese companies are making bold moves in U.S. markets. This CNBC marathon digs into how Luckin Coffee is challenging Starbucks, micro dramas aim to captivate American viewers, AI startup DeepSeek uses “distillation” to disrupt Silicon Valley’s biggest players and where their respective industries go from here.
On today's episode of CNBC Crypto World, major cryptocurrencies cap the month of October with weekly losses.
Plus, Coinbase and Strategy report third-quarter earnings that topped analyst estimates. And, BlackRock head of digital assets Robert Mitchnick discusses the adoption of spot bitcoin ETFs as the asset manager's IBIT bitcoin fund approaches $100 billion in assets under management.
Carol Schleif, BMO private wealth chief market strategist, joins 'Squawk Box' to discuss the latest market trends, what to make of the ongoing bull market, gold rally, and more.
Luke Barrs, chief business and client officer for fundamental equities at Goldman Sachs Asset Management, joins CNBC’s ‘Squawk Box’ to discuss the state of global markets amid the U.S. government shutdown, political upheaval in France, and a change in Japanese leadership.
Dan Ives, Wedbush Securities global head of technology research, joins 'Closing Bell' to discuss why he's more bullish on Tesla now, how long it'll take the company to gain market share in autonomy and much more.
Nvidia unveils plans for a $100bn investment in Open A.I. with the two firms partnering on data centres. CEOs Jensen Huang and Sam Altman tell CNBC the giant investment will release the sector’s potential. Dutch chip equipment maker ASMI slashes its FY forecasts, citing disappointing demand in two key units. Fed board governor and Trump ally Stephen Miran urges the central bank to cut rates by almost two percentage points.
4 September 2025 / Posted on this site 9 September 2025
CNBC's Sharon Epperson reports on news regarding 401(k) plans.
The number of 401(k) accounts with a balance of $1 million or more jumped to 595,000 as of June 30, up 16% from the first quarter, according to Fidelity. 5 days ago
'Mad Money' host Jim Cramer takes a deeper dive into the economy, layoffs, wages and how it all ties into inflation. For access to live and exclusive video from CNBC
Scott Chronert, Citi US equity strategist, and Nicole Webb, Wealth Enhancement Group SVP, joins 'Closing Bell Overtime' to talk the day's market action.
Ben Gutteridge, portfolio manager, multi-asset strategies at Invesco, discusses the outlook for equity markets ahead of key earnings and monetary policy decisions
