💨 Abstract

A settlement was announced in a lawsuit against Meta CEO Mark Zuckerberg and other leaders over the Cambridge Analytica data privacy scandal. The lawsuit sought billions in reimbursement for fines and legal costs. Details of the settlement were not disclosed. Investors claimed Meta did not disclose data misuse risks and violated a 2012 FTC consent order. Zuckerberg, former COO Sheryl Sandberg, and other Meta leaders were named in the suit.

Courtesy: WTOP Staff