Facebook users who had an active account at any point between May 2007 and December 2022 can now apply to receive a piece of parent company Meta’s $725 million settlement related to the Cambridge Analytica scandal.
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Meta, the corporate parent of Facebook, has agreed to pay $725 million to settle a class action lawsuit linked to the Cambridge Analytica data scandal, CNBC reports.
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Mark Zuckerberg’s remarks in the deposition offer the clearest picture yet of what Zuckerberg knew about Cambridge Analytica, and when. The timeline of events has previously been scrutinized intensely by US lawmakers, state attorneys general and investors who have sued Facebook, now known as Meta, for allegedly breaching its fiduciary duties in connection with the data leak incident.
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Facebook’s corporate parent has reached a tentative settlement in a lawsuit alleging the world’s largest social network service allowed millions of its users’ personal information to be fed to Cambridge Analytica, a firm that supported Donald Trump’s victorious presidential campaign in 2016.
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The Washington, D.C. Attorney General has filed a lawsuit against Mark Zuckerberg, the founder of Facebook parent company Meta.
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British regulators on Thursday slapped Facebook with a fine of 500,000 pounds ($644,000) — the maximum possible — for failing to protect the privacy of its users in the Cambridge Analytica scandal.
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Should you still trust Facebook? If months of reading about deceitful quiz apps, political meddling by Russian bots and unchecked data collection have you rethinking your relationship with Facebook, you’re not alone.
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When Facebook and Twitter this week reported a surge in costs, driven by efforts to secure their networks, investors dumped their stocks. Facebook’s shares plunged 19 percent Thursday, and Twitter’s slid 21 percent Friday.
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Facebook reports that growth in digital advertising sales and in the number of its users had decelerated in the second quarter. The company’s leaders, including its chief executive, Mark Zuckerberg, add the trajectory is not likely to improve anytime soon
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