The case of Meta CEO Mark Zuckerberg and company leaders starts at the case of class action investors of $ 8 billion-dollar-dollar-dowls, including claims related to privacy scam. Cambridge analytica Political counseling firm.
Investors alleged in their trial that Mata has not fully disclosed those risks. Personal information of Facebook users will be misused By Cambridge Analytica, a firm who supported Donald Trump’s successful Republican President’s campaign in 2016. The shareholders say that Facebook authorities continuously violated the 2012 consent order with the Federal Trade Commission, under which Facebook agreed to prevent platform users and friends from collecting and sharing personal data without their consent.
Fallout inspired Facebook to agree Pay $ 5.1 billion fine To settle FTC fee. Social media giants also reached $ 725 million privacy disposal with users. Now shareholders want Zuckerberg and others to reimburse the meta for FTC fine and other legal costs, which estimate the plaintiff over a total of more than $ 8 billion.
The case will have a testimony to Zuckerberg and former Chief Operating Officer Sheryl Sandberg. Other people expecting to appear at the stand include board members Mark Andresen and former board member Peter Thiel.
The Associated Press
