Zuckerberg Settles Lawsuit Over Cambridge Analytica Scandal
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ABP News on MSNMeta's $8-Billion Legal Drama Ends Quietly: Zuckerberg, Investors Strike Deal Over Facebook OversightAfter years of legal sparring over Facebook’s governance, Meta has reached a major settlement with investors who accused CEO Mark Zuckerberg and company directors of enabling excessive power concentration.
An $8 billion trial by Meta Platforms shareholders against Mark Zuckerberg and other current and former company leaders kicks off on Wednesday over claims that they illegally harvested the data of Facebook users in violation of a 2012 agreement with the US Federal Trade Commission.
Shareholders claim that Mark Zuckerberg and other top officials should have to reimburse Facebook for $8 billion in fines and penalties.