💨 Abstract

The U.S. Supreme Court is hearing Facebook's appeal against a federal securities fraud lawsuit over its handling of user data. Shareholders accused Facebook of misleading investors about a 2015 data breach involving Cambridge Analytica. The plaintiffs claim the company failed to disclose the breach in subsequent business-risk disclosures and portrayed the risk as hypothetical.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖