Snap Inc
Snap establishes Specs subsidiary for its AR glasses
The head of Snapchat operator Snap, Evan Spiegel, presents the new generation of Spectacles. Andrej Sokolow | Picture Alliance | Getty Images Snap on Wednesday said its unit working on the development of augmented reality glasses is now housed under a wholly owned subsidiary named Specs Inc. The company said the subsidiary will provide “greater […]
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TikTok agrees to settle as social media addiction trial involving Meta, YouTube moves forward
Thomas Fuller | Lightrocket | Getty Images TikTok has agreed to settle with a plaintiff and will no longer be part of a high-profile social media trial kicking off on Tuesday. An attorney for the plaintiff said the trial, held in Los Angeles Superior Court, will proceed as scheduled against Meta and Alphabet’s YouTube. The […]
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Blockbuster social media trial kicks off, with more to come this year
Facebook co-founder and Meta CEO Mark Zuckerberg sits in his seat inside a bipartisan Artificial Intelligence Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Leah Millis | Reuters A landmark case against social media giants Meta, Alphabet’s YouTube and […]
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Analysts say a luxury eyewear giant could be the next AI winner
Key Points Smart glasses look to be the most important growth pillar for EssilorLuxottica in the medium term, Citi analysts said as they reiterated their buy rating. Luxottica is developing smart glasses with Meta that can play music, take photos, and translate, using a neural wristband to interact with the device through hand gestures. The […]
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Australia is trying to enforce the first teen social media ban. Governments worldwide are watching.
In this photo illustration, iPhone screens display various social media apps on the screens on February 9, 2025 in Bath, England. Anna Barclay | Getty Images News | Getty Images Australia on Wednesday became the first country to formally bar users under the age of 16 from accessing major social media platforms, a move expected […]
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Holiday air travel, Novo Nordisk trial results, ‘Wicked: For Good’ debut and more in Morning Squawk
John Williams, president and chief executive officer of the Federal Reserve Bank of New York, during a farewell symposium for former De Nederlandsche Bank NV President Klaas Knot at the central bank headquarters in Amsterdam, Netherlands, on Friday, Oct. 3, 2025. Lina Selg | Bloomberg | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to […]
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Meta halted internal research suggesting social media harm, court filing alleges
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during a dinner with tech leaders in the State Dining Room of the White House in Washington, DC, US, on Thursday, Sept. 4, 2025. US President Donald Trump said he would be imposing tariffs on semiconductor imports “very shortly” but spare goods from companies like Apple […]
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Snap stock surges 13% after announcing Perplexity AI deal, reporting strong revenue
Scott Olson | Getty Images Snap stock surged 13% on Thursday after announcing a $400 million deal with Perplexity AI and releasing its third-quarter financial results. The company said that it will be integrating Perplexity’s artificial intelligence-powered search engine directly into the Snapchat app. As part of the agreement, Perplexity is set to pay the […]
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Stocks making the biggest moves premarket: Qualcomm, Warner Bros. Discovery, Papa John’s, Duolingo and more
Check out the companies making headlines before the bell: Qualcomm — Shares slipped 1% as Qualcomm expects that it will lose Apple as a customer for its modem business in the coming years. This potential waning opportunity overshadowed Qualcomm’s fiscal fourth-quarter earnings and revenue beat and strong current quarter forecast. Warner Bros. Discovery — Shares […]
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Tariffs in doubt, Musk’s pay plan, shutdown flight reductions and more in Morning Squawk
U.S. President Donald Trump speaks to reporters aboard Air Force One en route to the White House on November 2, 2025 after taking off from Palm Beach International Airport in West Palm Beach, Florida. Samuel Corum | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five […]
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