Zuckerberg settles $8 billion lawsuit over Cambridge Analytica scandal, avoids testifying
Mark Zuckerberg and current and former Meta executives agreed on Thursday to settle a $8 billion shareholder lawsuit alleging the company’s directors failed to prevent billions of dollars in fines and legal costs stemming from repeated Facebook user privacy violations. The Federal Trade Commission in 2019 fined Facebook $5 billion in the wake of the Cambridge Analytica data harvesting scandal.
Mark Zuckerberg and current and former Meta executives agreed on Thursday to settle a $8 billion shareholder lawsuit alleging the company’s directors failed to prevent billions of dollars in fines and legal costs stemming from repeated Facebook user privacy violations. The Federal Trade Commission in 2019 fined Facebook $5 billion in the wake of the Cambridge Analytica data harvesting scandal.
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