Meta investors settle $8bn lawsuit with Zuckerberg over Facebook privacy
147d ago
Business
BBC Business
Meta investors have reached an $8 billion settlement with Mark Zuckerberg and other company leaders, resolving a lawsuit alleging that they damaged the company by repeatedly allowing privacy violations of Facebook users. The lawsuit claimed that these violations, including the Cambridge Analytica scandal, resulted in significant financial losses and reputational damage for Meta. The settlement, one of the largest of its kind, requires Meta to implement enhanced privacy controls and oversight mechanisms. While Zuckerberg has not admitted wrongdoing, the agreement signals a commitment to improved data protection practices.