Snap Inc
Evolve Bank CEO fired after propositioning FBI agent who pretended to be a teen boy
Evolve Bank CEO Bob Hartheimer booking photo. Source: Shelby County Jail Bob Hartheimer, CEO of Tennessee’s Evolve Bank & Trust, was fired after U.S. law enforcement officials caught him propositioning a law enforcement officer posing as a 15-year-old boy on gay dating app Grindr. On Oct. 19, an employee of the Federal Bureau of Investigation […]
Read More
While AI spending is top of mind, online ads are driving a lot of Big Tech’s growth
META CEO Mark Zuckerberg (L) and Microsoft CEO Satya Nadella. Getty Images As tech giants increase their already breathtaking spending on artificial intelligence, their respective digital advertising businesses have also gained momentum. Quarterly earnings reports this week from Meta, Amazon, Alphabet and Microsoft all showed healthy revenue on the ads front. The rising online advertising […]
Read More
Wall Street hates Meta’s AI spending guidance raise. We don’t
Meta Platforms shares were taking a beating in extended hours trading on Wednesday after management raised its expense guidance and took a massive tax charge. Revenue in the three months ended Sept. 30 climbed 26% year over year to $51.24 billion, easily outpacing the consensus estimate of $48.14 billion, according to LSEG. Adjusted earnings per share […]
Read More
OpenAI’s new Sora 2 video generation app went viral. Is it a real threat to Meta?
Meta is facing new pressure from OpenAI, the juggernaut behind ChatGPT, which is now making waves in short-form video with its viral hit, Sora 2. The new app combines AI-powered video generation with a social feed that mimics TikTok and Instagram Reels. Less than five days after its Sept. 30 launch , Sora 2 racked […]
Read More
Facebook founder Zuckerberg must take witness stand at social media safety trial, judge rules
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 […]
Read More
AWS recovers, Apple rallies, General Motors beats and more in Morning Squawk
Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: […]
Read More
CNBC Daily Open: More people want the new iPhone — and Apple shares
Apple CEO Tim Cook holds new iPhones during an Apple special event at Apple headquarters on Sept. 9, 2025 in Cupertino, California. Justin Sullivan | Getty Images Critics may sneer at the iPhone 17 Pro’s fluorescent orange finish, but Apple’s “Cosmic Orange” smartphone seems to be dazzling where it counts — in sales and shares. […]
Read More
CNBC Daily Open: All you need for a rally is a good iPhone
Consumers experience the iPhone 17 in an Apple store in Shanghai, China on October 13, 2025. Cfoto | Future Publishing | Getty Images Critics’ displeasure at the iPhone 17 Pro’s fluorescent orange color aside, Apple’s “Cosmic Orange” smartphone has charmed fans — and investors. The newest iPhone 17 series, which includes the base iPhone 17 […]
Read More
Meta product chief Chris Cox says smart glasses are the future of computing
Meta Chief Product Officer Chris Cox said on Thursday that smart glasses are the future of computing devices. “We talk to them, we will see with them, we will use gestures the same way we interact with each other to interact with our computers,” Cox told CNBC’s Julia Boorstin. “The interfaces will get more natural, and so […]
Read More
Founder of IRL social media app charged with defrauding investors
Boonchai Wedmakawand | Moment | Getty Images The founder of the company behind the IRL social media app was charged with defrauding investors of $170 million in the company’s 2021 funding round, the Department of Justice said Wednesday. A federal grand jury in Oakland federal court indicted Abraham Shafi, 38 of Hawaii, with wire fraud, […]
Read More