Meta investors, Zuckerberg settle $8 billion privacy lawsuit tied to Cambridge Analytica scandal
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Feed Name: The Record from Recorded Future News
Meta investors have settled a long-running shareholder lawsuit alleging CEO Mark Zuckerberg and other executives mishandled the Cambridge Analytica data privacy scandal; while shareholders sought $8 billion, settlement terms were not disclosed. The case also questioned the company’s $5 billion FTC fine in 2019 as an alleged overpayment to protect Zuckerberg from personal liability, with Meta declining to comment.
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