A class action suit brought by Meta shareholders that sought $8 billion from its current and former leaders has been settled. The suit was filed as recompense for the $5 billion in fines and added legal costs the company was hit with over the Cambridge Analytica scandal.”
The Cambridge Analytica scandal of 2018 is still not quite out of the news yet, as investigations around the world continue to wrap up. Australia's Information Commissioner has agreed to a $50 million AUD privacy settlement over the violations.
In the case of the Cambridge Analytica scandal, the lawsuit asserts that Zuckerberg personally oversaw the engineering work that ultimately led to the exposure of Facebook user data.
Privacy lawsuit that is attempting to hold Facebook liable for the Cambridge Analytica breach has attached CEO Mark Zuckerberg as a defendant, claiming that he played a key role in decisions.
List of data privacy violations is still growing since the Cambridge Analytica scandal two years ago and will not stop unless the tech giants are forced to rewrite their business models.
FTC has just issued a record-setting $5 billion Facebook fine for privacy breaches from the Cambridge Analytica scandal. Is the U.S. government changing the way they regulate technology companies on user privacy and data?
Facebook warned investors on potential FTC fine of $3 to $5 billion from upcoming Facebook settlement in Cambridge Analytica scandal, the company could be forced to create new privacy oversight review board reporting to FTC.
Over the past year while FTC is conducting its Facebook investigation, Mark Zuckerberg has repeatedly claimed full responsibility for privacy issues, and now it appears FTC might really hold Mark personally accountable for these lapses.
Facebook responds to 1,200 questions posed by U.S. lawmakers on its data privacy practices. It seems that as long as the questions keep coming, Facebook can safely delay and mitigate the risk of regulatory or legal action.
In a 229-page document, Facebook attempted to provide some clarity for questions from the congressional testimony to the U.S. House and Senate in April. Here are 10 things you might have missed.










