Meta investors, Meta CEO Zuckerberg settle US$8 billion lawsuit over Facebook privacy violations
Meta CEO Mark Zuckerberg has agreed to settle a US$8 billion lawsuit brought by shareholders who accused the company’s leadership of failing to prevent repeated privacy violations. The last-minute deal came just before testimony was set to continue in a Delaware court over Meta’s handling of scandals like the Cambridge Analytica data breach. Ira Spitzer reports from San Francisco.
Meta CEO Mark Zuckerberg has agreed to settle a US$8 billion lawsuit brought by shareholders who accused the company’s leadership of failing to prevent repeated privacy violations. The last-minute deal came just before testimony was set to continue in a Delaware court over Meta’s handling of scandals like the Cambridge Analytica data breach. Ira Spitzer reports from San Francisco.
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