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Meta CEO Mark Zuckerberg expected to testify in $8 billion Facebook privacy lawsuit

Meta CEO Mark Zuckerberg expected to testify in $8 billion Facebook privacy lawsuit

Independent3 days ago
A $8 billion-dollar class action investors' lawsuit against Meta CEO Mark Zuckerberg and company leaders — current and former — begins Wednesday, with claims stemming from the privacy scandal involving the Cambridge Analytica political consulting firm.
Investors allege in their lawsuit that Meta did not fully disclose the risks that Facebook users' personal information would be misused by Cambridge Analytica, a firm that supported Donald Trump's successful Republican presidential campaign in 2016. Shareholders say Facebook officials repeatedly and continually violated a 2012 consent order with the Federal Trade Commission under which Facebook agreed to stop collecting and sharing personal data on platform users and friends without their consent.
The fallout led to Facebook agreeing to pay a $5.1 billion penalty to settle FTC charges. The social media giant also reached a $725 million privacy settlement with users. Now shareholders want Zuckerberg and others to reimburse Meta for the FTC fine and other legal costs, which the plaintiffs estimate total more than $8 billion.
The case will feature testimony from Zuckerberg and former Chief Operating Officer Sheryl Sandberg. Others expected to appear on the stand include board member Marc Andreessen and former board member Peter Thiel.
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JD Vance's secret trip to Rupert Murdoch's Montana ranch before WSJ broke bombshell Epstein story
JD Vance's secret trip to Rupert Murdoch's Montana ranch before WSJ broke bombshell Epstein story

Daily Mail​

time15 minutes ago

  • Daily Mail​

JD Vance's secret trip to Rupert Murdoch's Montana ranch before WSJ broke bombshell Epstein story

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Epstein's brother demands release of paedophile's unseen interviews
Epstein's brother demands release of paedophile's unseen interviews

Telegraph

time15 minutes ago

  • Telegraph

Epstein's brother demands release of paedophile's unseen interviews

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Dave Portnoy makes shock U-turn on Caitlin Clark's 'brilliant' rival Angel Reese
Dave Portnoy makes shock U-turn on Caitlin Clark's 'brilliant' rival Angel Reese

Daily Mail​

time15 minutes ago

  • Daily Mail​

Dave Portnoy makes shock U-turn on Caitlin Clark's 'brilliant' rival Angel Reese

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