Zuckerberg is set to testify in a Delaware trial concerning over $8 billion in Facebook fines related to privacy practices. Shareholders claim he, Sandberg, and others neglected their fiduciary duties, which contributed to the Cambridge Analytica scandal. The trial's witness list includes notable tech figures such as Marc Andreessen and Reed Hastings. Meta is not a defendant but shareholders argue that the actions of its executives violated agreements made with regulators back in 2012. The case represents ongoing scrutiny over Facebook's governance and privacy commitments.
Shareholders argue that Zuckerberg, Sandberg, and others should be personally liable for over $8 billion in fines related to disputes about Facebook's privacy practices and compliance.
The trial in Delaware's Court of Chancery centers around the shareholders' claims that officials intentionally failed their fiduciary duties leading to the Cambridge Analytica scandal.
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