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

Nvidia reported strong sales, Meta has agreed to pay up to $18bn to settle its blockbuster social media addiction legal battle, and bond investors think that France is Europe’s new problem child. Plus, more than $80bn has been wiped off the value of bitcoin treasury companies since the middle of last year.Mentioned in this podcast:Nvidia sales more than double to $96bn on bumper AI demandMeta to pay up to $18bn to settle children’s social media harm caseFrance replaces Italy as European bond investors’ big worryBitcoin treasury companies shed $80bn in value as business model unwindsWant to get in touch? Email us at [email protected]: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, and Saffeya Ahmed. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.