Skip to content
Tech News
← Back to articles

U.S.-Iran negotiations, Meta trial verdict, OpenAI shuts Sora and more in Morning Squawk

read original get Meta Quest 2 → more articles
Why This Matters

The recent developments highlight ongoing legal challenges, regulatory scrutiny, and strategic shifts within the tech industry, impacting both companies and consumers. Notably, Meta faces significant liability for safeguarding users, while OpenAI adjusts its product lineup amid financial and strategic considerations, reflecting broader industry trends toward accountability and innovation.

Key Takeaways

This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. I spent yesterday evening at a market technicals event and then went to watch the "Hannah Montana 20th Anniversary Special." You might call it the best of both worlds. Stock futures are up this morning after a losing day. Here are five key things investors need to know to start the trading day:

1. Peace plan

U.S. President Donald Trump speaks as he attends Markwayne Mullin's swearing-in as Department of Homeland Security (DHS) Secretary, at the White House in Washington, D.C., U.S., March 24, 2026. Evan Vucci | Reuters

2. Judge and jury

Meta CEO Mark Zuckerberg arrives at Los Angeles Superior Court on Feb. 18, 2026. Jill Connelly | Getty Images

A New Mexico jury held Meta liable for civil damages yesterday in a trial over whether the Facebook and Instagram parent failed to safeguard kids from child predators on its apps. The jury said Meta should pay $375 million in damages. Jury members, who began deliberating Monday, found Meta violated New Mexico's unfair practices act. A Meta spokesperson said they "respectfully disagree with the verdict and will appeal." Meanwhile, Anthropic went to court yesterday in hopes of winning an injunction to pause the Defense Department's ban of its products. U.S. District Judge Rita Lin said the Pentagon's decision "looks like an attempt to cripple" the artificial intelligence startup.

3. So long, Sora

Dado Ruvic | Reuters

Sora was here for a good time, not a long time. OpenAI said it's shuttering its short-form video app, which hit one million downloads within five days of its viral debut six months ago. As CNBC's Ashley Capoot notes, OpenAI is looking to cut expenses as it readies to potentially go public. The company said in a social media post that it would share a timeline and information to preserve work made on the platform soon. In other OpenAI news, CFO Sarah Friar told CNBC's Jim Cramer last night that the AI startup is raising $10 billion in additional funding from investors. "What I'm really pleased about is we raised money all around the ecosystem," Friar said.

Get Morning Squawk directly in your inbox CNBC's Morning Squawk recaps the biggest stories investors should know before the stock market opens, every weekday morning. Subscribe here to get access today.

... continue reading