Meta Directors, Shareholders Settle Privacy Suit
Digest more
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.
The trial against Meta CEO Mark Zuckerberg and other former and current leaders, over Facebook privacy violations, has officially begun.
The plaintiffs alleged the social media giant misled Facebook users about how it shared their personal data in violation of a 2012 Federal Trade Commission consent order.
Meta shareholders are demanding $8 billion for an alleged privacy scandal at Mark Zuckerberg's Facebook, based on allegations that executives (including Zuckerberg himself and former COO Sheryl Sandberg) conducted illegal data harvesting,
Meta Platforms is embroiled in an $8 billion trial over allegations of unlawfully harvesting Facebook user data in violation of a 2012 FTC agreement. Shareholders demand reimbursement from company leaders,
Meta executives including CEO Mark Zuckerberg and former Chief Operating Officer Sheryl Sandberg will appear before a US corporate law court this week as shareholders claim board failures resulted in billions of dollars in penalties following the 2010s Cambridge Analytica scandal, the Financial Times reported.