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Mark Zuckerberg Settles Lawsuit Over Cambridge Analytica Scandal, Reports Say
Meta CEO Mark Zuckerberg has reportedly settled a shareholder lawsuit related to the 2018 Cambridge Analytica privacy scandal, according to various news outlets. The settlement comes after just one day of trial proceedings, in which investors alleged that Facebook officials repeatedly and continually violated a 2012 consent order with the Federal Trade Commission.
As previously reported by CBS News, the $8 billion class-action lawsuit accused Zuckerberg and other Meta leaders of failing to fully disclose the risks associated with Facebook’s data collection practices. The lawsuit claimed that the company failed to obtain proper consent from users before sharing their personal information with third-party firms like Cambridge Analytica.
The scandal centered around allegations that Cambridge Analytica, a political consulting firm, used Facebook user data without permission to influence elections and sway public opinion. The incident led to widespread outrage and calls for greater online privacy protections.
In response to the allegations, Meta declined to comment on the settlement, stating only that the lawsuit was directed against Zuckerberg and other directors personally, rather than the company itself. The suit claimed that Facebook officials disregarded a 2012 consent order with the Federal Trade Commission by allowing the misuse of user data.
While the terms of the settlement have not been disclosed, it marks an abrupt end to the trial, which had begun earlier in the week.
Source: www.cbsnews.com
