Zuckerberg Settles Lawsuit Over Cambridge Analytica Scandal
Digest more
1h
ABP News on MSNMeta's $8-Billion Legal Drama Ends Quietly: Zuckerberg, Investors Strike Deal Over Facebook OversightMeta has reached a confidential settlement with shareholders just before a major trial over Zuckerberg’s power and board oversight was set to begin, ending a legal fight over Facebook governance.
By settling, Meta CEO Mark Zuckerberg and other defendants avoid having to answer probing questions under oath.
An $8 billion US 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 U.
Facebook pledged to alert those users whose personal data was improperly collected by Cambridge Analytica. Facebook also posted a link to updated policies for Instagram , which it owns.
Cambridge Analytica, the political ad marketing firm that worked for President Trump and was involved in the misappropriation of 87 million Facebook users' data, is closing its offices.