A lawsuit against Meta Platforms, initiated in 2018, centers around claims that leaders, including Mark Zuckerberg, illegally harvested data from Facebook users, conflicting with a 2012 FTC agreement. The trial features testimony from privacy expert Neil Richards, who stated that Facebook's privacy disclosures were misleading. Key witnesses include Meta directors and high-profile individuals involved with the company. The case emerged after the Cambridge Analytica scandal and the FTC's $5 billion fine against Facebook. Shareholders seek restitution from the defendants for losses incurred due to these practices.
Neil Richards, a privacy expert, testified that Facebook's privacy disclosures were misleading to users, suggesting a breach of trust and potential violations of data protection policies.
This lawsuit follows the significant breach of user data by Cambridge Analytica, which brought to light extensive issues regarding Facebook's data handling and consent processes.
The trial not only holds current and former company leaders accountable but also raises questions about regulatory compliance, user privacy, and the responsibilities of technology companies.
Meta shareholders are pursuing damages on the grounds that the company's misleading practices led to significant financial losses, particularly in the wake of the FTC's record fine against Facebook.
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