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Meta investors, Zuckerberg reach settlement to end $8 billion trial over Facebook privacy violations

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.Β ...

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...
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