Mark Zuckerberg has settled a multibillion-dollar lawsuit from shareholders related to privacy violations tied to Facebook's handling of the Cambridge Analytica scandal. The shareholders sought $8 billion in damages but the settlement amount remains undisclosed. The lawsuit emerged after data from millions of Facebook users was compromised by Cambridge Analytica, a firm linked to Donald Trump's 2016 campaign. Shareholders aimed to hold 11 defendants accountable, claiming they should reimburse Meta for over $8 billion in fines and legal expenses incurred due to these privacy breaches.
Meta is set to settle a multibillion-dollar lawsuit from shareholders over privacy violations linked to Facebook's handling of the Cambridge Analytica scandal.
Shareholders targeted Mark Zuckerberg's actions, alleging they were responsible for the Cambridge Analytica scandal that leaked user data.
The lawsuit demanded reimbursement of over $8 billion for fines and costs incurred by Meta due to privacy breaches.
Key defendants in the case include Jeffrey Zients, Peter Thiel, and Reed Hastings, with varied roles in Meta and politics.
Collection
[
|
...
]