In 2019, the Federal Trade Commission fined Facebook $5 billion after finding that it failed to comply with a 2012 agreement with the FTC to protect users’ data. In the current lawsuit, which followed the Cambridge Analytica breach, Meta was not a defendant: the plaintiffs wanted the directors to pay out of their own pockets. …
Tag: Cambridge Analytica
Meta investors, Zuckerberg to square off at $8 billion trial over alleged privacy violations
Tom Hals reports: Mark Zuckerberg is expected to appear as a star witness in an unusual $8 billion trial that kicks off this week at which the Meta CEO is accused of operating Facebook as an illegal enterprise that allowed users’ data to be harvested without their consent. Shareholders of Meta Platforms , the parent…