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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
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IT'S FINALLY OUT!
The Vanguard FTSE Global All Cap ETF.
This video includes the key details, as well as when it will be available on your platform and whether you should switch to it.
Let me know your take on this in the comments down below.!
Vanguard launches three global equity ETFs as it expands low-cost range
20 August 2026
The ETFs include an all-cap fund covering developed and emerging markets and an one excluding US equities.
By Matteo Anelli
Deputy editor, Trustnet
Vanguard has expanded its range of low-cost global equity exchange-traded funds (ETFs) with three new funds, giving investors options for broad global, small-cap and non-US equity exposure.
The Vanguard FTSE Global All-Cap UCITS ETF invests in large-, mid- and small-cap companies across developed and emerging markets through a single fund with an ongoing charges figure (OCF) of 0.07%; the Vanguard FTSE Global Small-Cap UCITS ETF holds smaller companies globally and has an OCF of 0.22%.
The third launch, the Vanguard FTSE All-World ex-U.S. UCITS ETF, tracks developed and emerging markets outside the US. It has an OCF of 0.12% and could be used by investors who manage their US allocation separately.
All three ETFs are available in accumulating and distributing share classes and add to Vanguard’s existing FTSE All-World UCITS ETF, which invests in large- and mid-cap companies across developed and emerging markets. The firm recently reduced the fee on this ETF and has also launched US-focused Russell ETFs and European equity ETFs this year.
Jon Cleborne, head of Vanguard Europe, said investors wanted portfolios that were “simple to build, low-cost and flexible enough to meet different allocation needs”.
He added that the new funds gave investors greater choice over how they access global markets, from broad all-cap exposure and dedicated small-cap exposure to equities outside the US.
The ETFs will be managed by Vanguard’s Global Equity Group, which oversees more than $9.1trn in assets globally, according to the firm.
This week, Former IBM CEO Sam Palmisano discusses why companies may benefit from having a “Plan B” for AI implementation. And, AI may not be causing mass layoffs yet, but early data suggest it is already slowing wage growth in exposed occupations.
Plus, Canada may have dodged Trump’s newest tariffs, but the deal could leave lasting damage to USMCA, North American manufacturing and trust between two longtime allies. Later, who pays when the Colorado River can no longer meet the West’s demand?
