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Meta Settles Federal Social Media Addiction Trial | Bloomberg Tech 8/26/2026

August 29, 2026
in AI & Technology
Reading Time: 1 min read
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Bloomberg’s Ed Ludlow explains why Meta agreed to pay up to $18 billion in landmark settlements to resolve allegations that the company deliberately designed Facebook and Instagram to encourage compulsive use among young users. Plus, Nvidia reports after the closing bell today. And, Southern Company CEO Chris Womack joins to discuss the AI boom’s impact on the American power grid.

00:00:00 – Bloomberg Tech Begins
00:01:13 – Ian King, Bloomberg News
00:02:31 – Jordan Klein, Mizuho Securities
00:09:38 – JB McCuskey, West Virginia Attorney General
00:27:01 – Chris Womack, Southern Company
00:34:37 – Ann Miura-Ko, Floodgate
00:40:40 – Alexandra Levine, Bloomberg News
00:44:30 – Kunjan Sobhani, Bloomberg Intelligence
——–
“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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