Meta Faces $8B Data Privacy Trial

  Published 10 months ago

Meta shareholders sue Zuckerberg, board over alleged data misuse tied to Cambridge Analytica, seeking $8B in damages.

  • Lawsuit claims Facebook violated 2012 FTC data privacy deal, triggering $5B fine and $8B in total costs.
  • Trial features Zuckerberg, Sandberg, Andreessen, Thiel, and Netflix’s Reed Hastings as key defendants and witnesses.
  • Plaintiffs allege insider trading by Zuckerberg; defendants deny claims, citing compliance measures and lack of wrongdoing.

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