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Microsoft closes worst quarter on Wall Street since 2008 on AI concerns: ‘Redmond is in a pickle’
Microsoft CEO Satya Nadella speaks at the Microsoft AI Tour event in Munich, Germany, on Feb. 25, 2026. Sven Hoppe | Picture Alliance | Getty Images Microsoft just closed out its worst quarter on Wall Street since the 2008 financial crisis, as investors soured on the software giant’s prospects in artificial intelligence. The stock plunged […]
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Snap climbs 13% as activist Irenic suggests changes to boost stock’s value 7x
Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty Images Shares of Snap climbed 13% Tuesday after shareholder Irenic Capital Management sent a letter to CEO Evan Spiegel outlining changes that […]
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Meta’s court losses spell potential trouble for AI research, consumer safety
Meta CEO Mark Zuckerberg leaves the Federal Courthouse in downtown Los Angeles after defending the company in a landmark social media addiction trial in Los Angeles, United States, on February 19, 2026. Jon Putman | Anadolu | Getty Images Over a decade ago, Meta – then known as Facebook – hired researchers in the social […]
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U.S. ambassador to EU: Stop fining Big Tech
The European Union needs to dial back regulation of U.S. big tech companies if it wants to be part of the AI economy, the U.S. ambassador to the EU Andrew Puzder told CNBC on Friday. “If the European Union is going to participate in the AI economy…They’re going to need data centers, data and access […]
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Cramer: Meta is not the new tobacco, warns against selling over social media court rulings
The slump in Meta Platforms — exacerbated by two social media court defeats this week — could be setting up as a buying opportunity. Meta shares sank more than 8% on Thursday after a Los Angeles jury late Wednesday found the company (and Google’s YouTube) negligent in the case of a woman who alleged she […]
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Stocks making the biggest moves midday: Meta, Best Buy, AppLovin, Scotts Miracle-Gro and more
Check out the companies making the biggest moves in midday trading: Meta Platforms — The social media giant tumbled more than 6%. Meta lost two major legal cases concerning child safety this week. While the financial penalties aren’t large relative to the company’s size, Meta’s losses in court raise questions around Big Tech’s role in […]
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Meta’s court defeats add to Zuckerberg’s recent woes, represent ‘watershed event’ for social media
Meta CEO and Chairman Mark Zuckerberg arrives at Los Angeles Superior Court ahead of the social media trial tasked to determine whether social media giants deliberately designed their platforms to be addictive to children, in Los Angeles, on Feb. 18, 2026. Frederic J. Brown | AFP | Getty Images Meta suffered stinging rebukes in two […]
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Meta’s latest verdict, space stocks, prediction market legislation and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. With their perky ears and pointy teeth, I thought no collectible could have a more unique appearance than Labubus. But after reading about the “Mystery Dumpling,” I stand corrected. Stock futures are dropping this morning after a positive day. Here […]
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Stocks making the biggest moves premarket: Micron, Sandisk, Newmont and more
Check out the companies making the biggest moves in premarket trading: Memory stocks — Shares of memory chipmakers tumbled following the unveiling of Google’ s new AI model, which the company said could reduce the amount of memory required to run large language models. Sandisk dropped nearly 4%, Micron Technology , Western Digital and Seagate […]
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Jury in Los Angeles reaches verdict in blockbuster Meta, YouTube social media trial
Meta CEO Mark Zuckerberg leaves the Federal Courthouse in downtown Los Angeles after defending the company in a landmark social media addiction trial in Los Angeles, United States, on February 19, 2026. Jon Putman | Anadolu | Getty Images A jury has reached a verdict in a major trial involving Meta and Google that could […]
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