Zuckerberg And Meta Investors Reach Settlement In $8b Privacy Case

Mark Zuckerberg and different existent and erstwhile Meta executives person settled a suit revenge by a group of shareholders. They were seeking $8 cardinal for nan harm nan executives caused nan institution by allowing repeated violations of Facebook users’ privateness successful narration to nan Cambridge Analytica scandal.

The parties did not disclose specifications of nan settlement, according to Reuters.

Facebook shareholders revenge a suit against Mark Zuckerberg, erstwhile COO Sheryl Sandberg, and different executives, alleging they intentionally violated a Federal Trade Commission statement by sharing personification information pinch third-party apps without personification consent.

The FTC fined Facebook $5 cardinal successful 2019 for failing to comply pinch a 2012 statement requiring nan institution to protect users’ individual data.

The proceedings was expected to characteristic testimonies from Zuckerberg, Sandberg, Peter Thiel, Marc Andreessen, and Netflix CEO Reed Hastings.