What Meta’s $18bn settlement means for social media

单集文稿 ...

• 00:01

  Good morning from the Financial Times.

• 00:04

  Today is Thursday, August 27th, and this is your FT News Briefing.

• 00:10

  NVIDIA's revenue and sales figures are holding strong.

• 00:13

  And what's next after Meta's landmark social media addiction settlement?

• 00:19

  Plus, investors think Italy is no longer the problem child of European bond markets.

• 00:25

  People are very, very negative about the kind of future outlook for the debt pile in France.

• 00:31

  I'm Sonia Hudson in for Mark Filippino, and here's the news you need to start your day.

• 00:43

  NVIDIA reported strong sales and better than expected revenue yesterday.

• 00:48

  Last quarter, it brought in more than $96 billion in revenue.

• 00:53

  And the company forecast $108 billion in sales for the current quarter, which beat Wall Street estimates.

• 01:00

  The chip giant is the world's most valuable company and is at the heart of the AI boom.

• 01:06

  The earnings report shows it's still benefiting from huge demand for computing power.

• 01:12

  Nvidia's financial performance has become a bellwether for how the AI infrastructure boom is doing.

• 01:18

  And investors seem to be happy with the earnings report.

• 01:21

  They sent Nvidia shares up in after-hours trading.

• 01:30

  Meta settled a landmark social media addiction case yesterday,

• 01:34

  and it could have ripple effects through the whole industry.

• 01:38

  The case alleged that the company failed to protect children and created an addicting product.

• 01:43

  Meta did not admit to any wrongdoing in the agreement.

• 01:47

  This legal battle is won in a wave of litigation against social media companies.

• 全部文稿