Summary
Mark Zuckerberg and other leaders at Meta Platforms have settled a lawsuit over claims that they let Facebook users' privacy be violated repeatedly. The details of the settlement are not public, and the case will no longer go to trial.
Key Facts
- Mark Zuckerberg and other Meta executives were sued over alleged privacy violations at Facebook.
- The lawsuit aimed to recover $8 billion for damages allegedly caused by these privacy issues.
- The settlement was reached with shareholders who sued the leaders of the company.
- Details of the settlement are not disclosed to the public.
- A trial had started but adjourned after the settlement was announced.
- In 2019, the Federal Trade Commission fined Facebook $5 billion for privacy violations.
- The company was not a defendant in this particular lawsuit.
- Facebook changed its name to Meta in 2021.
