Meta shareholders sue Zuckerberg over Cambridge Analytica fallout

Back in 2018, data privacy violations by Meta were making headlines worldwide due to the Cambridge Analytica scandal, where personal data from millions of Facebook users was accessed without proper consent. Years later, this story is back in the news. 

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Meta is once again facing legal issues, as shareholders file a multi-billion-dollar lawsuit against CEO Mark Zuckerberg and other current and former executives. The case stems from the 2018 scandal, and the lawsuit claims that Zuckerberg and others failed to uphold a 2012 agreement to safeguard user data, leading to reputational damage and over $8 billion in regulatory fines and legal costs. In their lawsuit, shareholders demand that those responsible personally reimburse the company.

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The case is interesting to follow because it’s being brought by minority shareholders against the company’s leadership. This approach is rare and forms a fascinating legal debate around executive accountability and data privacy.

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