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

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A $8 billion class action investors’ lawsuit against Meta CEO Mark Zuckerberg and company leaders – current and former – begins Wednesday, with claims stemming from the 2018 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…



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



A $8 billion class action investors’ lawsuit against Meta CEO Mark Zuckerberg and company leaders – current and former – begins Wednesday, with claims stemming from the 2018 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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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