💨 Abstract

The U.S. Supreme Court is set to hear Facebook's appeal against a federal securities fraud lawsuit, accusing the company of misleading investors about the misuse of user data. The case revolves around Facebook's failure to disclose a 2015 data breach involving Cambridge Analytica. The plaintiffs claim Facebook broke the law by portraying such incidents as purely hypothetical when the exact risk had already transpired.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖